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 $1,527, 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

Last updated June 2021

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

$701-$1,0001%
$1,001-$1,50058%
$1,501-$2,00032%
> $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

Average Rent	Mar / 2018	Jul / 2018	Nov / 2018	Mar / 2019	Jul / 2019	Nov / 2019	Mar / 2020	Jul / 2020	Nov / 2020	Jun / 2021
Franklin, TN	$1,379	$1,378	$1,468	$1,443	$1,488	$1,507	$1,517	$1,434	$1,463	$1,527
National	$1,314	$1,345	$1,354	$1,358	$1,390	$1,397	$1,400	$1,392	$1,396	$1,407

Access comprehensive real estate data and information on Yardi Matrix

How Franklin Compares to Other Cities

	Average Rent	Y-o-Y Change
Nashville	$1,420	1%
Memphis	$901	7%
Knoxville	$1,167	7%
Murfreesboro	$1,210	4%
Antioch	$1,073	1%
La Vergne	$1,242	7%
Hendersonville	$1,196	4%
Hermitage	$1,152	-2%
Franklin	$1,527	1%
Gallatin	$1,188	6%
Mount Juliet	$1,433	2%

Greenhaven Apartments

$1,371 - $3,919

1-2 Beds
1-2 Baths
703 - 1,249 Sq.Ft.

Retreat At Ironhorse

$1,735 - $2,499

1-3 Beds
1-2 Baths
741 - 1,460 Sq.Ft.

Harpeth River Oaks

$1,670 - $4,036

1-3 Beds
1-2 Baths
713 - 1,341 Sq.Ft.

Dwell At McEwen

$1,405 - $2,635

1-3 Beds
1-2.5 Baths
682 - 1,404 Sq.Ft.

View more properties

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.