Rental market snapshot for Franklin, Tennessee

Franklin, Tennessee Rental Property Market Overview

Franklin, Tennessee is a vibrant city located in Williamson County. With a population of 85,469 (US Census, 2021), it is the seventh-largest city in the state and is home to a diverse range of businesses, attractions, and activities. The city is known for its historic downtown area, which features a variety of shops, restaurants, and entertainment venues. It is also home to several parks and recreational areas, making it a great place to live and visit.

The average rent for an apartment in Franklin is $2,559. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Franklin Tennessee | Cost of Living

  • The most expensive ZIP code in Franklin is 37069 with an average price of $2,786.
  • The cheapest ZIP code in Franklin is 37067 with an average price of $2,212.

Franklin ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
137069$2,786
237064$2,561
337067$2,212

Live near Franklin, Tennessee's Top Sights and Attractions

Cheek Park is a sprawling, lush green park located in the heart of Franklin. It features a variety of outdoor activities, including a playground, walking trails, a lake, and a disc golf course. The park also has a large pavilion, perfect for hosting events or just relaxing with friends and family. The park is surrounded by tall trees and is a great place to take a break from the hustle and bustle of everyday life.

Judge Fulton Greer Park is a beautiful outdoor space located in the heart of Franklin, Tennessee. It features a large lake, walking trails, and plenty of open green space for picnicking, playing sports, or just relaxing. There is also a playground and a gazebo, making it a great spot for families to enjoy. The park is also home to a variety of wildlife, including ducks, geese, and other birds.

Harlinsdale Farm is a picturesque equestrian facility located on over 200 acres of lush green pastures and rolling hills. The farm offers a variety of activities for visitors, including horseback riding, fishing, hiking, and picnicking. The farm also features a historic barn, a nature center, and a variety of educational programs. Visitors can also explore the farm's many trails, which wind through the property and offer stunning views of the surrounding countryside.

Aspen Grove Park Trails is a scenic outdoor destination located in Franklin, Tennessee. The park features a variety of trails that wind through lush woodlands, meadows, and wetlands. Visitors can explore the trails on foot, bike, or horseback, and take in the sights of native wildflowers, birds, and wildlife. The trails also offer stunning views of the surrounding hills and valleys. Aspen Grove Park Trails is a great place to spend a day outdoors, enjoying nature and the fresh air.

Liberty Park is a sprawling outdoor attraction located in the heart of Franklin, Tennessee. It features a variety of recreational activities, including a large lake with a fishing pier, a playground, a walking trail, and a disc golf course. The park also has a picnic area, a dog park, and a splash pad. There are also several sports fields, including a baseball diamond, a soccer field, and a basketball court. The park is surrounded by lush greenery and is a great place to spend a day outdoors.

Academy Park is a beautiful outdoor space located in the heart of Franklin, Tennessee. It features a large lake, walking trails, and plenty of open green space for picnicking and playing. The park also has a playground, a gazebo, and a pavilion for events. The park is a popular destination for families, couples, and groups of friends looking to enjoy the outdoors.

Middle Tennessee Electric is a popular tourist attraction located in Franklin, Tennessee. It is a unique interactive museum that celebrates the history of electricity and its impact on the world. Visitors can explore the museum's many exhibits, which include interactive displays, hands-on activities, and educational programs. The museum also features a variety of interactive demonstrations, such as a Tesla coil, a Van de Graaff generator, and a Jacob's ladder. Visitors can also take part in a variety of workshops and lectures, as well as explore the museum's library and archives.

Pinkerton Park is a picturesque outdoor destination located in a quiet, rural area. It features a large lake with a fishing pier, a walking trail, and a playground. The park also has a picnic area with tables and grills, and a pavilion for larger gatherings. The park is surrounded by lush trees and rolling hills, making it a great spot for a peaceful stroll or a picnic with friends and family.

Rock Paper Scissors is an interactive art installation located in Franklin, Tennessee. It consists of a large, colorful sculpture of a hand playing the classic game of Rock Paper Scissors. Visitors can interact with the sculpture by playing the game against it, and the sculpture will respond with a light show and sound effects. The installation is a fun and unique way to experience the city, and it's a great spot for photos and selfies.

Strahl Street Park is a picturesque park located in a quiet residential area. It features a large pond surrounded by lush greenery, a walking trail, and plenty of benches and picnic tables. The park also has a playground with swings, slides, and a sandbox, as well as a basketball court and a baseball diamond. Visitors can also enjoy a variety of birds and other wildlife in the area.

Franklin, Tennessee area median rent change by ZIP code map

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How does Franklin compare to other cities in Tennessee?

citymedian price
Thompson's Station$2,215
Greenbrier$2,095
Smyrna$2,065
Lebanon$1,845
Millington$1,685
Dickson$1,649
Sevierville$1,646
Johnson City$1,235
Elizabethton$500

Average household income in Franklin area graph - US Census

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The median household income in Franklin in 2021 was $102,721. This represents a 28.6% change from 2011 when the median was $79,894.

#categorypercent
0Less than $10,0002.9%
1$10,000 to $14,9991.6%
2$15,000 to $19,9992.9%
3$20,000 to $24,9992.2%
4$25,000 to $29,9992.2%
5$30,000 to $34,9993.6%
6$35,000 to $39,9993.1%
7$40,000 to $44,9992.9%
8$45,000 to $49,9992.4%
9$50,000 to $59,9995.6%
10$60,000 to $74,9998.2%
11$75,000 to $99,99912.4%
12$100,000 to $124,99912.9%
13$125,000 to $149,9999.3%
14$150,000 to $199,99911.9%
15$200,000 or more15.9%

Neighborhoods in Franklin

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Franklin is $2,559.
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