Apartments for Rent in Franklin Lakes, NJ

Prices and availability in Franklin Lakes, NJ were last updated on 13 May 2026.

The best apartments in Franklin Lakes, NJ are: The Franklin at Franklin Lakes, Four Points Franklin LLC and The Horizons at Franklin Lakes Apartment Homes.

The average rent in Franklin Lakes, NJ is $3,325.

The price range for a 1-bedroom apartment in Franklin Lakes, NJ is between $2,785 and $5,715.

The price range for a 2-bedroom apartment in Franklin Lakes, NJ is between $2,990 and $6,375.

In Franklin Lakes 12% of the housing is rented out compared to 88% of homes are owned, according to the most recent Census Bureau estimates. 34% of Franklin Lakes's apartments are found in large buildings of 50 units or more, 29% are located in smaller apartment complexes with less than 50 units, and 36% 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.