Apartments for Rent in Franklin Lakes, NJ

Prices and availability in Franklin Lakes, NJ were last updated on 4 Oct 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 $3,020 and $4,585.

The price range for a 2-bedroom apartment in Franklin Lakes, NJ is between $2,790 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 age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Franklin Lakes are about 17 years old, on average. Of these, all have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Franklin Lakes are around 0% of rentals, while 1-bedroom floor plans represent 39% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 61% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.