Franklin, TN Rental Market Trends
Highlights
The average rent for an apartment in Franklin is $1,476, a 1% increase compared to the previous year, when the average rent was $1,468.
Average Rent in Franklin, TN
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,476 | 1% | n/a |
Franklin, TN Occupied Housing Units
- Renter-occupied Households28%
- Owner-occupied Households71%
7,878 or 28% of the households in Franklin, TN are renter-occupied while 19,664 or 71% are owner-occupied.
Franklin, TN Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Franklin, TN | $1,435 | $1,413 | $1,441 | $1,435 | $1,422 | $1,379 | $1,378 | $1,468 | $1,443 | $1,488 |
| National | $1,351 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,476 |
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How Does Franklin Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Franklin | $1,476 | 1% |
| Thompsons Station | $1,430 | 4% |
| Brentwood | $1,515 | 8% |
For more information about the Franklin rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
- Heritage Place Apartments
- Wyndchase at Aspen Grove
- The Whitney Franklin
- The Madison Franklin
- South Wind Apartments
- Ashton Brook
- Grove at Shadow Green
- Harpeth River Oaks
- Dwell at McEwen
- Greenhaven
- Sussex Downs
- Venue at Cool Springs
- Cadence Cool Springs Apartments
- Cameron at Franklin Park
- Retreat at Ironhorse
- 509 Bancroft Way
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 ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.