Rentometer, Inc. | Data as of 10/23/2025
Franklin, Tennessee offers a vibrant and diverse rental market that caters to professionals, families, and retirees alike. Residents enjoy a blend of historic charm and modern amenities, with easy access to the bustling downtown square, the nearby Natchez Trace Parkway, and top‑rated schools such as Franklin High. The city’s neighborhoods—from the walkable, mixed‑use districts around Main Street to the family‑friendly suburbs of Westhaven and Westchester—provide a variety of housing styles, from classic Southern homes to contemporary apartment complexes.
Renters can choose from a range of options that suit different lifestyles and budgets. Studio apartments typically fall in the $1,600 range, while one‑bedroom units often hover around $1,800, offering comfortable living spaces close to shops and dining. Larger apartments and houses command higher rates, with two‑bedroom rentals generally in the $2,400‑$2,500 bracket and upscale three‑ and four‑plus bedroom homes and apartments reaching the $3,500‑$4,200 range. Whether you’re seeking a modern loft in the historic district, a spacious family home near the park system, or a convenient apartment near the medical center, Franklin’s rental landscape combines affordability with quality, making it an attractive destination for anyone looking to call this Southern gem home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,641 | $1,631 | $1,400 - $1,905 | $1,500 - $1,905 |
| Apartment | 1 Bedroom | $1,755 | $1,706 | $800 - $2,725 | $1,541 - $1,923 |
| Apartment | 2 Bedroom | $2,421 | $2,266 | $1,050 - $4,519 | $1,890 - $2,739 |
| Apartment | 3 Bedroom | $3,515 | $3,274 | $1,750 - $8,418 | $2,484 - $4,200 |
| House | 1 Bedroom | $2,487 | $2,125 | $1,200 - $4,500 | $1,650 - $4,500 |
| House | 2 Bedroom | $2,554 | $2,500 | $1,850 - $4,000 | $2,095 - $2,750 |
| House | 3 Bedroom | $3,449 | $3,000 | $1,250 - $8,500 | $2,850 - $3,700 |
| House | 4+ Bedroom | $4,519 | $4,200 | $2,395 - $10,500 | $3,695 - $4,900 |
In the current period, the average rent in Franklin was $1,642 for Studio, $1,787 for 1 Bedroom, $2,434 for 2 Bedroom, $3,464 for 3 Bedroom, and $4,333 for 4+ Bedroom.
Data provided by Rentometer, Inc.