Rentometer, Inc. | Data as of 12/04/2025
Franklin’s rental market blends historic charm with modern convenience, offering a diverse mix of apartments and single‑family homes that attract young professionals, families, and retirees alike. The city’s well‑preserved downtown district, centered around the iconic Main Street and the historic Franklin Historic District, provides easy access to boutique shops, local eateries, and cultural venues such as the James A. Ford Performing Arts Center. Proximity to the University of the Cumberlands and the Franklin‑County government complex also fuels demand for convenient, well‑located rental options.
For renters seeking versatility, two‑bedroom apartments typically fall in the $1,000 range, delivering a balance of affordability and contemporary amenities. Those preferring more space can find two‑bedroom houses priced around $1,200‑$1,300, while larger three‑bedroom homes approach the $1,600‑$1,700 level, reflecting the added square footage and often larger lot sizes. Neighborhoods such as Pleasant Hill and East Franklin showcase a mix of newer developments and charming older homes, each within a short drive of parks, schools, and shopping centers like the Franklin Mall.
The city’s rental landscape benefits from steady demand driven by its vibrant community life, low cost of living, and easy access to major highways linking Franklin to Lexington and the broader Bluegrass region. Whether choosing a modern apartment near the riverfront or a spacious house in a quiet suburb, renters enjoy a welcoming environment complemented by reliable local services, well‑rated schools, and an active calendar of events that underscore Franklin’s reputation as a thriving Kentucky city.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 2 Bedroom | $1,083 | $1,000 | $900 - $1,350 | $900 - $1,350 |
| House | 2 Bedroom | $1,266 | $1,200 | $950 - $1,650 | $950 - $1,650 |
| House | 3 Bedroom | $1,660 | $1,600 | $1,490 - $1,995 | $1,500 - $1,775 |
In the current period, the average rent in Franklin was
$1,175 for 2 Bedroom, and
$1,653 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.