Franklin, TN Rental Market Trends
What is the average rent in Franklin?
The average rent for an apartment in Franklin is $1,527, a 1% increase compared to the previous year, when the average rent was $1,517. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Nashville, TN.
Average Rent in Franklin, TN
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,527||1%||998 sq. ft.|
What is the average apartment size in Franklin?
The average size for a Franklin, TN apartment is 998 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, TN Apartment Rent Ranges
- > $2,00010%
Franklin, TN Occupied Housing Units
- Renter-occupied Households27%
- Owner-occupied Households72%
8,233 or 27% of the households in Franklin, TN are renter-occupied while 21,714 or 72% are owner-occupied.
Franklin, TN Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Jun / 2021|
How Franklin Compares to Other Cities
|Average Rent||Y-o-Y Change|