Apartments for Rent in Franklin, Provo, UT

Franklin, Provo apartment availability

Franklin's rental market offers a good selection of listings, with an average of 29 rentals available each month. The majority of rentals in Franklin are 2-bedroom apartments, followed by 3-bedroom apartments and studios. Many of these apartments offer convenient amenities, including in-unit laundry, which is available in 58% of rentals, and on-site laundry, available in 49% of rentals. A dishwasher is also available in 47% of apartments. With a range of amenities and a variety of apartment types, Franklin is a great option for renters looking for a comfortable and convenient place to call home.

Franklin, Provo rental market trends

The Franklin, Provo rental market experienced a modest year-over-year increase of 2.34% in 2024, with the average monthly rent for all bed types and properties reaching $1,283. Breaking it down by bed count, 1-bedrooms averaged $1,072 per month, a 6.02% increase from the previous year. The average rent for 2-bedrooms was $1,232, while 3-bedrooms saw a significant 22.75% increase to $1,608.

The rental market in Franklin tends to fluctuate throughout the year, with March typically being the most expensive month, boasting a 22.74% increase in rent compared to January, the cheapest month. If you're looking for a new apartment, be prepared for higher prices and more competition in the spring. Conversely, winter months like January may offer more affordable options, with lower demand and prices. Notably, studios are no longer a viable option in Franklin, as their average rent has dropped to $0, indicating a lack of available studio apartments.

Why Franklin, Provo is a great place to live

Franklin is a top choice for renters prioritizing social living and environmental sustainability. According to 2024 data, Franklin's apartments often feature eco-friendly amenities like non-toxic paint, waste recycling, and low-flow fixtures, making it an ideal spot for those seeking a green lifestyle. The neighborhood's walk score, transit score, and community solar projects further support sustainable living. Franklin's social scene is also thriving, thanks to its safety, diverse age distribution, and well-maintained street infrastructure. With its excellent walk score and transit frequency, Franklin is perfect for renters who value easy access to social activities and community events.