What's the average rent in Franklin Lakes, NJ?
Rental Market Trends in Franklin Lakes, NJ
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Franklin Lakes, NJ is $4,300 per month, which is 125% higher than the national average rent of $1,910 per month.
AVERAGE RENT
$4,300
7.5%$300 increase month-over-month
27.3%$923 increase year-over-year
AVAILABLE RENTALS
6
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $2,797 |
| 2 Bedrooms | $3,200 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $4,300 |
As of May 2026, the average rent for a 1 bedroom rental in Franklin Lakes, NJ is $2,797 per month, followed by $3,200 for a 2 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $3,200 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,900 |
As of May 2026, the average rent for a 2 bedroom apartment in Franklin Lakes, NJ is $3,200 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $6,000 |
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +25% compared to the previous year, which is a +$869 increase.
This year (2026)
Last year (2025)
Rent distribution
33% of rentals have rent of $3,000-$3,799/month
Rental price range
The price range for rentals is $1,900 to $11,000.
