What's the average rent in Franklin, MI?
Rental Market Trends in Franklin, MI
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Franklin, MI is $2,800 per month, which is 47% higher than the national average rent of $1,910 per month.
AVERAGE RENT
$2,800
-15.2%-$500 decrease month-over-month
-29.1%-$1,150 decrease year-over-year
AVAILABLE RENTALS
4
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | — |
| All | $2,800 |
As of May 2026, the average rent for a 3 bedroom rental in Franklin, MI is $2,800 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | — |
| All | $2,800 |
As of May 2026, the average rent for a 3 bedroom house in Franklin, MI is $2,800 per month.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -21% compared to the previous year, which is a $900 decrease.
This year (2026)
Last year (2025)
Rent distribution
57% of rentals have rent of $2,200-$2,999/month
Rental price range
The price range for rentals is $2,500 to $4,800.
