What's the average rent in Franklin, TN?

Rental Market Trends in Franklin, TN

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Franklin, TN is $2,995 per month, which is 54% higher than the national average rent of $1,951 per month.

AVERAGE RENT

$2,995

-6.4%-$205 decrease month-over-month

0.0%No change year over year

AVAILABLE RENTALS

194

APARTMENTS

$1,992

HOUSES

$4,000

TOWNHOUSES

$2,699

As of June 2026, apartments are the most affordable rental option in Franklin, TN at $1,992 per month, while houses are the most expensive at $4,000 per month. Townhomes average $2,699 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,665
2 Bedrooms	$2,204
3 Bedrooms	$3,000
4 Bedrooms	$4,400
All	$2,995

As of June 2026, the average rent for a 1 bedroom rental in Franklin, TN is $1,665 per month, followed by $2,204 for a 2 bedroom rental, $3,000 for a 3 bedroom rental, and $4,400 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,300
3 Bedrooms	$2,699
4 Bedrooms	$3,500
All	$2,699

As of June 2026, the average rent for a 2 bedroom townhome in Franklin, TN is $2,300 per month, followed by $2,699 for a 3 bedroom townhome, and $3,500 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,600
2 Bedrooms	$2,000
3 Bedrooms	$2,100
4 Bedrooms	$2,750
All	$2,000

As of June 2026, the average rent for a 1 bedroom apartment in Franklin, TN is $1,600 per month, followed by $2,000 for a 2 bedroom apartment, $2,100 for a 3 bedroom apartment, and $2,750 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,900
2 Bedrooms	$2,300
3 Bedrooms	$3,200
4 Bedrooms	$4,400
All	$4,000

As of June 2026, the average rent for a 1 bedroom house in Franklin, TN is $1,900 per month, followed by $2,300 for a 2 bedroom house, $3,200 for a 3 bedroom house, and $4,400 for a 4 bedroom house.