Apartments for Rent in Franklin, WI

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

The best apartments in Franklin, WI are: Velo Village Apartments, Statesman 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 $1,314 and $2,412.

The price range for a 2-bedroom apartment in Franklin, WI is between $1,791 and $3,146.

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.

Rental apartments in Franklin 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 40% of the total apartments in the city, while 2-bedroom floorplans represent around 57% of all rentals in Franklin. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.