Franklin Lakes, NJ Rental Market Trends

What is the average rent in Franklin Lakes?

The average rent for an apartment in Franklin Lakes is $3,364. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Franklin Lakes, NJ

Last updated February 2025
Average Rent Average Apartment Size
$3,364 1,052 sq. ft.

What is the average apartment size in Franklin Lakes?

The average size for a Franklin Lakes, NJ apartment is 1,052 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 Lakes, NJ apartment rent ranges

Franklin Lakes, NJ Occupied Housing Units

445 or 12% of the households in Franklin Lakes, NJ are renter-occupied while 3,333 or 88% are owner-occupied.

Franklin Lakes, NJ rent trends

Access comprehensive real estate data and information on Yardi Matrix

How Franklin Lakes Compares to Other Cities

State Average Rent
Jersey City $3,694
Jersey Shore $2,113
Newark $1,720
East Orange $1,840
Hoboken $4,421
Elizabeth $1,849
Summit $2,736
Bayonne $2,579
Trenton $1,495
Princeton $3,067
Elmwood Park $2,556
Pompton Lakes $2,199
Lodi $1,936
Montvale $2,943
Westwood $2,799
Franklin Lakes $3,364
Fair Lawn $2,606
Maywood $2,171
Midland Park $3,002
New Milford $1,865
River Edge $2,174

What is the average price for a storage unit in Franklin Lakes?

The average rent for a non-climate-controlled 10'x10' storage unit in Franklin Lakes is $192. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.

Most Popular Apartments in Franklin Lakes

121 Courter Rd, Franklin Lakes, NJ 07417
1 BED N/A
2 BEDS $3,280+
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