What's the average rent in Franklin, TN?

Rental Market Trends in Franklin, TN

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Franklin, TN is $2,950 per month, which is 54% higher than the national average rent of $1,910 per month.

AVERAGE RENT

$2,950

0.0%No change month over month

-4.8%-$150 decrease year-over-year

AVAILABLE RENTALS

170

APARTMENTS

$1,908

HOUSES

$4,167

TOWNHOUSES

$2,700

As of May 2026, apartments are the most affordable rental option in Franklin, TN at $1,908 per month, while houses are the most expensive at $4,167 per month. Townhomes average $2,700 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,694
2 Bedrooms	$2,185
3 Bedrooms	$3,160
4 Bedrooms	$4,450
All	$2,950

As of May 2026, the average rent for a 1 bedroom rental in Franklin, TN is $1,694 per month, followed by $2,185 for a 2 bedroom rental, $3,160 for a 3 bedroom rental, and $4,450 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,000
3 Bedrooms	$2,825
4 Bedrooms	$2,750
All	$2,700

As of May 2026, the average rent for a 2 bedroom townhome in Franklin, TN is $2,000 per month, followed by $2,825 for a 3 bedroom townhome, and $2,750 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,100
2 Bedrooms	$1,772
3 Bedrooms	$3,100
4 Bedrooms	$4,500
All	$1,772

As of May 2026, the average rent for a 1 bedroom apartment in Franklin, TN is $1,100 per month, followed by $1,772 for a 2 bedroom apartment, $3,100 for a 3 bedroom apartment, and $4,500 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,185
3 Bedrooms	$3,736
4 Bedrooms	$4,460
All	$4,167

As of May 2026, the average rent for a 2 bedroom house in Franklin, TN is $2,185 per month, followed by $3,736 for a 3 bedroom house, and $4,460 for a 4 bedroom house.