Franklin, TN Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Franklin is $2,068, a 1.3% increase compared to the previous year, when the average rent was $2,042.
Studio Apartments at $1,838 offer the most budget-friendly option with 727 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 782 square feet for $1,732, balancing privacy and affordability.
Two-beedroom units at $2,181 offer 1,140 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,527 sq ft) for $2,912, suitable for larger households.
Average rent in Franklin, TN
Last updated: October 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,068 | 1,029 sq. ft. |
| Studio | $1,838 | 727 sq. ft. |
| 1 Bed | $1,732 | 782 sq. ft. |
| 2 Beds | $2,181 | 1,140 sq. ft. |
| 3 Beds | $2,912 | 1,527 sq. ft. |
Franklin, TN rent trends
Rental prices in Franklin, TN have increased by 1.3% over the past year. The average rent moved from $2,042 to $2,068.
What's the typical rent budget in Franklin, TN?
The largest share of rentals in Franklin, TN (49%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Franklin, TN?
11,840 or 36% of the households in Franklin, TN are renter-occupied while 21,318 or 64% are owner-occupied.
How Franklin Compares to Other Cities
| City | Average Rent |
|---|---|
| Franklin | $2,068 |
| Nashville | $1,841 |
| Memphis | $1,135 |
| Knoxville | $1,747 |
| Chattanooga | $1,463 |
| Clarksville | $1,241 |
| Murfreesboro | $1,578 |
| Antioch | $1,489 |
| Johnson City | $1,375 |
| Hendersonville | $1,564 |
| Lebanon | $1,568 |
| Madison | $1,415 |
| Columbia | $1,437 |
| Hermitage | $1,484 |
| Spring Hill | $1,675 |
| Mount Juliet, TN | $1,792 |
| Goodlettsville, TN | $1,516 |
| Smyrna, TN | $1,544 |
| Brentwood, TN | $1,772 |
| Berry Hill, TN | $2,072 |
| Dickson, TN | $1,377 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Franklin apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.