What's the average rent in Franklin, TN?

Rental Market Trends in Franklin, TN

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Franklin, TN is $2,950 per month, which is 53% higher than the national average rent of $1,932 per month.

AVERAGE RENT

$2,950

1.7%$50 increase month-over-month

0.2%$5 increase year-over-year

AVAILABLE RENTALS

173

APARTMENTS

$2,030

HOUSES

$3,950

TOWNHOUSES

$2,750

As of November 2026, apartments are the most affordable rental option in Franklin, TN at $2,030 per month, while houses are the most expensive at $3,950 per month. Townhomes average $2,750 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,653
2 Bedrooms	$2,083
3 Bedrooms	$3,145
4 Bedrooms	$4,395
All	$2,950

As of November 2026, the average rent for a 1 bedroom rental in Franklin, TN is $1,653 per month, followed by $2,083 for a 2 bedroom rental, $3,145 for a 3 bedroom rental, and $4,395 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,083
3 Bedrooms	$3,177
4 Bedrooms	$3,300
All	$2,750

As of November 2026, the average rent for a 2 bedroom townhome in Franklin, TN is $2,083 per month, followed by $3,177 for a 3 bedroom townhome, and $3,300 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,400
2 Bedrooms	$2,200
3 Bedrooms	$2,115
4 Bedrooms	$3,500
All	$2,200

As of November 2026, the average rent for a 1 bedroom apartment in Franklin, TN is $2,400 per month, followed by $2,200 for a 2 bedroom apartment, $2,115 for a 3 bedroom apartment, and $3,500 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,856
3 Bedrooms	$3,250
4 Bedrooms	$4,500
All	$3,950

As of November 2026, the average rent for a 2 bedroom house in Franklin, TN is $2,856 per month, followed by $3,250 for a 3 bedroom house, and $4,500 for a 4 bedroom house.