Apartments for Rent in Franklin, WI

Prices and availability in Franklin, WI were last updated on 24 Oct 2026.

The best apartments in Franklin, WI are: Statesman Apartments, Velo Village Apartments and Foresthill Highlands Apartments & Townhomes 55+.

The average rent in Franklin, WI is $1,585.

The price range for a 1-bedroom apartment in Franklin, WI is between $1,650 and $2,650.

The price range for a 2-bedroom apartment in Franklin, WI is between $1,802 and $3,347.

In Franklin, 23% of the residents are renting compared to 77% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 20% of Franklin's rentals, 74% are small-scale complexes with under 50 units, and 5% 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 are about 28 years old, on average. Of these, 46% 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 are around 0% of rentals, while 1-bedroom floor plans represent 40% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 57% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.