Franklin, WI Rental Market Trends
Highlights
The average rent for an apartment in Franklin is $1,116, a 4% increase compared to the previous year, when the average rent was $1,073.
Average Rent in Franklin, WI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,116 | 4% | 1,019 sq. ft. |
The average size for a Franklin, WI apartment is 1,019 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, WI Apartment Rent Ranges
- $701-$1,00032%
- $1,001-$1,50059%
- $1,501-$2,0009%
Franklin, WI Occupied Housing Units
- Renter-occupied Households32%
- Owner-occupied Households67%
4,477 or 32% of the households in Franklin, WI are renter-occupied while 9,172 or 67% are owner-occupied.
Franklin, WI Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Franklin, WI | $1,037 | $1,053 | $1,052 | $1,038 | $1,039 | $1,073 | $1,089 | $1,120 | $1,116 |
| National | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,474 |
How Franklin Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Madison | $1,253 | 2% |
| Milwaukee | $1,199 | 2% |
| Kenosha | $1,039 | 3% |
| Oak Creek | $1,112 | 4% |
| Cedarburg | $1,094 | 28% |
| Greenfield | $977 | 7% |
| Racine | $823 | 3% |
| West Allis | $980 | 7% |
| Hales Corners | $1,291 | 13% |
| Franklin | $1,116 | 4% |
| Shorewood | $1,284 | 5% |
For more information about the Franklin rental trends, check out our monthly rent report
Check out Wisconsin Cities, Wisconsin Neighborhoods and Wisconsin Zip Codes for more details on verified listings, including the Wisconsin Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!