Apartments for Rent in Franklin Lakes, NJ

Prices and availability in Franklin Lakes, NJ were last updated on 5 Aug 2026.

The best apartments in Franklin Lakes, NJ are: The Horizons at Franklin Lakes Apartment Homes and The Franklin.

The average rent in Franklin Lakes, NJ is $3,325.

The price range for a 1-bedroom apartment in Franklin Lakes, NJ is between $2,840 and $5,560.

The price range for a 2-bedroom apartment in Franklin Lakes, NJ is between $2,740 and $5,200.

In Franklin Lakes, 11% of the residents are renting compared to 89% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 36% of Franklin Lakes's rentals, 33% are small-scale complexes with under 50 units, and 31% are single-family rentals.

The average age of rental buildings in Franklin Lakes is 17 years old, with all being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Franklin Lakes come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 39% of the total apartments in the city, while 2-bedroom floorplans represent around 61% of all rentals in Franklin Lakes. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.