Apartments for Rent in Franklin Lakes, NJ

Prices and availability in Franklin Lakes, NJ were last updated on 21 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 $4,585.

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 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.

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.