Apartments for Rent in Franklin Lakes, NJ

Prices and availability in Franklin Lakes, NJ were last updated on 13 Sep 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 $2,975 and $4,570.

The price range for a 2-bedroom apartment in Franklin Lakes, NJ is between $2,770 and $5,200.

In Franklin Lakes 11% of the housing is rented out compared to 89% of homes are owned, according to the most recent Census Bureau estimates. 36% of Franklin Lakes's apartments are found in large buildings of 50 units or more, 33% are located in smaller apartment complexes with less than 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.