Apartments for Rent in Franklin, TN

Prices and availability in Franklin, TN were last updated on 23 Jun 2026.

The best apartments in Franklin, TN are: The Row at Franklin, Wyndchase Aspen Grove, Ashton Brook, The Whitney Franklin and Sussex Downs.

The average rent in Franklin, TN is $1,985.

The price range for a 1-bedroom apartment in Franklin, TN is between $1,428 and $7,850.

The price range for a 2-bedroom apartment in Franklin, TN is between $1,552 and $6,685.

The price range for a 3-bedroom apartment in Franklin, TN is between $1,552 and $8,080.

In Franklin, 36% of the residents are renting compared to 64% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 22% of Franklin's rentals, 63% are small-scale complexes with under 50 units, and 13% 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 19 years old, on average. Of these, 58% 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 4 stories. About 95% of the rental communities here are low-rise, garden-style communities, 12% 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 0.1% 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 42% of the total apartments in the city, while 2-bedroom floorplans represent around 49% 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.