Last updated on September 4, 2026

Average rent in
Franklin, VA

Median rent

Median rent in Franklin

$1,600/mo

decreased by3%

vs previous year

The average rent in Franklin is $1,600 per month as of August 2026. This is 16% below the national average rent, or $310 less per month.

$1.58

average price per square foot

Total rentals

Available rentals in Franklin

16

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Franklin rentals at each price point

55%41%28%14%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Franklin, VA

Average rent prices in Franklin have decreased by 19% over the last month and have decreased by 3% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Franklin, VA

Rent prices in Franklin vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Franklin is $1,300, whereas a house costs $2,195. 1-bedroom apartments in Franklin run $1,200 on average, while 2-bedroom apartments are $1,300.

Listings

1 bedroom

$1,200

No Change

25%

2 bedroom

$1,300

22%

4%

3 bedroom

$1,800

7%

9%

4 bedroom

$2,995

No Change

-

1 bedroom

Average rent

$1,200

Last year

25%

2 bedroom

Average rent

$1,300

Last 30 days

22%

Last year

4%

3 bedroom

Average rent

$1,800

Last 30 days

7%

Last year

9%

4 bedroom

Average rent

$2,995

The table above reflects average rent prices in Franklin, VA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Franklin, VA compare to other cities?

Compare median rent prices in Franklin and Camden by all bedroom counts and property types.

Franklin

Median rent price$1,600
decreased by16%

lower than the national median

Median rent price$2,100
increased by10%

higher than the national median

Takeaway

The median rent for all rentals in Franklin, VA is 24% lower than the median rent in Camden, NC.

Discover rentals in Franklin, VA

509 Ryland St #B - Photo 1 of 1

5d+ ago

Condo for rent in Franklin

2 beds

1 bath

$1,395

Condo for rent

Available Aug 5

607 N High St #A - Photo 1 of 1

5d+ ago

Apartment for rent in Franklin

607 N High St #A, Franklin, VA 23851

2 beds

1 bath

$1,300

Apartment for rent

Stay up to date with rental market insights

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Frequently asked questions for Franklin, VA

Quick answers to common questions about the Franklin rental market.

How much is rent in Franklin?

The average rent in Franklin is $1,600 per month as of August 29, 2026.

Is rent up or down in Franklin?

Average rent prices in Franklin have decreased by 19% over the last month and have decreased by 3% since last year.

How does Franklin rent compare to the national average?

Rent in Franklin is 16% below the national average, which means renters are paying approximately $310 less per month.

What salary do I need to afford rent in Franklin?

To comfortably afford rent in Franklin, you'd need to earn approximately $64,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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