Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Franklin Town, MA Rental Market Trends
What is the average rent in Franklin Town?
The average rent for an apartment in Franklin Town is $1,827, a 4% increase compared to the previous year, when the average rent was $1,755.
Average Rent in Franklin Town, MA
Last updated May 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,827 | 4% | 894 sq. ft. |
What is the average apartment size in Franklin Town?
The average size for a Franklin Town, MA apartment is 894 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Franklin Town, MA Apartment Rent Ranges
- $1,001-$1,5008%
- $1,501-$2,00080%
- > $2,00011%
Franklin Town, MA Occupied Housing Units
- Renter-occupied Households27%
- Owner-occupied Households72%
3,271 or 27% of the households in Franklin Town, MA are renter-occupied while 8,670 or 72% are owner-occupied.
Franklin Town, MA Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Franklin Town, MA | $1,582 | $1,680 | $1,725 | $1,794 | $1,796 | $1,823 | $1,755 | $1,732 | $1,844 | $1,827 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
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How Franklin Town Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Boston | $3,083 | -10% |
| Cambridge | $2,933 | -8% |
| Worcester | $1,444 | 5% |
| Quincy | $2,197 | -4% |
| Providence | $2,016 | 8% |
| Brookline | $2,821 | -9% |
| Weymouth Town | $1,984 | 4% |
| Cranston | $1,420 | 3% |
| Waltham | $2,373 | -4% |
| Somerville | $2,775 | -6% |
| Franklin Town | $1,827 | 4% |
Most Popular Apartments in Franklin Town
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Franklin Town apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.