What's the average rent in Franklin, TN?

Rental Market Trends in Franklin, TN

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Franklin, TN is $2,650 per month, which is 35% higher than the national average rent of $1,965 per month.

AVERAGE RENT

$2,650

-3.6%-$100 decrease month-over-month

-8.5%-$245 decrease year-over-year

AVAILABLE RENTALS

174

APARTMENTS

$1,720

HOUSES

$3,900

TOWNHOUSES

$2,800

As of August 2026, apartments are the most affordable rental option in Franklin, TN at $1,720 per month, while houses are the most expensive at $3,900 per month. Townhomes average $2,800 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,634
2 Bedrooms	$2,295
3 Bedrooms	$3,256
4 Bedrooms	$4,200
All	$2,650

As of August 2026, the average rent for a 1 bedroom rental in Franklin, TN is $1,634 per month, followed by $2,295 for a 2 bedroom rental, $3,256 for a 3 bedroom rental, and $4,200 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,161
3 Bedrooms	$3,515
4 Bedrooms	$5,100
All	$2,800

As of August 2026, the average rent for a 2 bedroom townhome in Franklin, TN is $2,161 per month, followed by $3,515 for a 3 bedroom townhome, and $5,100 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,400
2 Bedrooms	$2,200
3 Bedrooms	$2,095
4 Bedrooms	—
All	$1,695

As of August 2026, the average rent for a 1 bedroom apartment in Franklin, TN is $1,400 per month, followed by $2,200 for a 2 bedroom apartment, and $2,095 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$900
2 Bedrooms	$2,500
3 Bedrooms	$3,467
4 Bedrooms	$4,235
All	$3,900

As of August 2026, the average rent for a 1 bedroom house in Franklin, TN is $900 per month, followed by $2,500 for a 2 bedroom house, $3,467 for a 3 bedroom house, and $4,235 for a 4 bedroom house.