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, TN Rental Market Trends
What is the average rent in Franklin?
The average rent for an apartment in Franklin is $1,890. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Franklin, TN
Last updated June 2022
| Average Rent | Average Apartment Size |
|---|---|
| $1,890 | 999 sq. ft. |
What is the average apartment size in Franklin?
The average size for a Franklin, TN apartment is 999 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
Franklin, TN Occupied Housing Units
8,836 or 28% of the households in Franklin, TN are renter-occupied while 22,011 or 71% are owner-occupied.
Franklin, TN Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Jun / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Franklin, TN | $1,443 | $1,488 | $1,507 | $1,517 | $1,434 | $1,463 | $1,527 | $1,744 | $1,917 | $1,890 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Franklin Compares to Other Cities
| City | Average Rent |
|---|---|
| Memphis | $1,005 |
| Nashville | $1,694 |
| Knoxville | $1,393 |
| Murfreesboro | $1,406 |
| Chattanooga | $1,238 |
| Bartlett | $1,069 |
| Antioch | $1,316 |
| Gallatin | $1,408 |
| La Vergne | $1,373 |
| Franklin | $1,890 |
| Hendersonville | $1,457 |
| Hermitage | $1,404 |
| Mount Juliet | $1,718 |
| Smyrna | $1,430 |
| Lebanon | $1,262 |
| Goodlettsville | $1,367 |
| Spring Hill | $1,550 |
| Madison | $1,215 |
| Old Hickory | $1,660 |
| White House | $1,448 |
| Brentwood | $1,798 |
Most Popular Apartments in Franklin
The Everly At Historic Franklin
413 Brickpath Lane, Franklin, TN 37064- 1 BED
- 2 BEDS
- 3 BEDS
- $1,702+
- $2,272+
- Ask for pricing
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 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.