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

Highlights

The average rent for an apartment in Franklin is $1,517, a 5% increase compared to the previous year, when the average rent was $1,443.

Average Rent in Franklin, TN

Last updated February 2020

Average Rent	Y-o-Y Change	Average Apartment Size
$1,517	5%	996 sq. ft.

The average size for a Franklin, TN apartment is 996 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-$1,50056%
$1,501-$2,00035%
> $2,0008%

Franklin, TN Occupied Housing Units

Renter-occupied Households26%
Owner-occupied Households73%

7,637 or 26% of the households in Franklin, TN are renter-occupied while 20,772 or 73% are owner-occupied.

Franklin, TN Rent Trends

Average Rent	Mar / 2017	Jul / 2017	Nov / 2017	Mar / 2018	Jul / 2018	Nov / 2018	Mar / 2019	Jul / 2019	Nov / 2019	Feb / 2020
Franklin, TN	$1,441	$1,435	$1,422	$1,379	$1,378	$1,468	$1,443	$1,488	$1,507	$1,517
National	$1,337	$1,368	$1,371	$1,374	$1,408	$1,417	$1,422	$1,458	$1,466	$1,468

How Franklin Compares to Other Cities

	Average Rent	Y-o-Y Change
Nashville	$1,428	6%
Memphis	$825	5%
Murfreesboro	$1,154	4%
Chattanooga	$1,003	2%
Knoxville	$1,082	6%
Antioch	$1,066	6%
La Vergne	$1,159	4%
Franklin	$1,517	5%
Hermitage	$1,180	6%
Mount Juliet	$1,405	3%
Smyrna	$1,095	5%

For more information about the Franklin rental trends, check out our monthly rent report

Check out Tennessee Cities, Tennessee Neighborhoods and Tennessee Zip Codes for more details on verified listings, including the Tennessee Average Rent.

Curious about listings in your area? Check out our apartments near you for more details!

Cheapest Listings on RENTCafé

The Madison Franklin

$999 - $1,597

1-2 Beds
1-1.5 Baths

Harpeth River Oaks

$1,029 - $3,873

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

Grove At Shadow Green Apartments

$1,052 - $2,644

1-3 Beds
1-2 Baths
642 - 1,353 Sq.Ft.

Wyndchase At Aspen Grove

$1,066 - $2,294

1-3 Beds
1-2 Baths
708 - 1,423 Sq.Ft.

Ashton Brook

$1,102 - $1,785

1-3 Beds
1-2 Baths
880 - 1,430 Sq.Ft.

Heritage Place Apartments

$1,116 - $1,571

2 Beds
1.5 Baths
921 Sq.Ft.

Paxton Cool Springs

$1,177 - $3,110

Studio-2 Beds
1-2 Baths
576 - 1,280 Sq.Ft.

Venue At Cool Springs

$1,223 - $3,788

1-3 Beds
1-2 Baths
775 - 1,401 Sq.Ft.

South Wind Apartments

$1,243 - $1,946

1-2 Beds
1-2 Baths

Dwell At McEwen

$1,270 - $2,925

1-3 Beds
1-2.5 Baths
703 - 1,404 Sq.Ft.

The Whitney Franklin

$1,299 - $1,850

1-3 Beds
1-2 Baths

Greenhaven Apartments

$1,321 - $3,470

1-2 Beds
1-2 Baths
750 - 1,249 Sq.Ft.

Sussex Downs

$1,325 - $1,548

2 Beds
2 Baths

Mandolin At Stream Valley

$1,325 - $2,250

1-3 Beds
1-2 Baths
783 - 1,306 Sq.Ft.

The Everly At Historic Franklin

$1,329 - $1,995

1-3 Beds
1-2 Baths
620 - 1,827 Sq.Ft.

Cadence Cool Springs Apartments

$1,330 - $3,095

1-3 Beds
1-2 Baths
765 - 1,440 Sq.Ft.

Retreat At Ironhorse

$1,335 - $2,590

1-3 Beds
1-2 Baths
706 - 1,503 Sq.Ft.

Cameron At Franklin Park

$1,358 - $3,463

1-3 Beds
1-2 Baths
675 - 1,507 Sq.Ft.

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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.