Last updated July 10, 2026

Average Rent in Franklin 37064 & Rent Trends

Rent prices and market trends across 3 apartment communities in Franklin 37064, Franklin, TN. Updated daily.

Area All Areas

Franklin 37064 37067 37069

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed 4 Bed

Market Average

$3,183/mo

Lowest Available

$1,500/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

Price Cuts This Week in Franklin 37064

8 listed units across 2 buildings offering 3 bed units in Franklin 37064 dropped their asking rent in the past 7 days, an average cut of $67/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
780 Townhomes	Unit 2	$3,422	$3,300	$122
Heartwood at Lockwood Glen Apartments	Unit 1102, A2_L_G	$1,949	$1,888	$61
Heartwood at Lockwood Glen Apartments	Unit 18204, A2_U	$1,794	$1,733	$61
Heartwood at Lockwood Glen Apartments	Unit 2102, A2_L_G	$2,014	$1,953	$61
Heartwood at Lockwood Glen Apartments	Unit 8206, A1	$1,669	$1,608	$61
Heartwood at Lockwood Glen Apartments	Unit 19103, A3_L	$1,615	$1,555	$60
Heartwood at Lockwood Glen Apartments	Unit 8304, A1	$1,537	$1,477	$60
780 Townhomes	Unit 3	$3,572	$3,522	$50

See today's prices on all 13 listed units

Franklin 37064 vs Franklin, TN Average

Franklin 37064 is more expensive the Franklin, TN average by $987/mo (45%). The citywide average is $2,196/mo across all neighborhoods.

Is Rent Going Up or Down in Franklin 37064?

As of July 2026, the average rent in Franklin 37064 is $3,183 per month across 3 apartment communities and 13 available units.

The most affordable option is Grove at Shadow Green starting at $1,500/mo. By unit type, a 3-bedroom averages $3,183/mo.

Prices range from $1,500 to $3,572 per month. The most common price point is the $3,400 range, where 5 units are currently listed.

Rent Price Distribution

Rent by Bedroom Type in Franklin 37064

3 Bed

$3,183

from $1,500 · 13 units

Rent Prices by Apartment in Franklin 37064

Property	Starting at	Average	Units	Rating
Grove at Shadow Green	$1,500/mo	$1,500/mo	1	4
Heartwood at Lockwood Glen Apartments	$3,055/mo	$3,146/mo	4	4.2
780 Townhomes	$3,250/mo	$3,411/mo	8	4.3

Frequently Asked Questions About Rent in Franklin 37064

What is the average rent in Franklin 37064?

The average rent in Franklin 37064 is $3,183 per month as of July 2026, based on 13 units across 3 apartment communities.

Is rent going up or down in Franklin 37064?

The current average rent in Franklin 37064 is $3,183/mo, refreshed daily to track rent trends.

What is the cheapest apartment in Franklin 37064?

The most affordable apartment in Franklin 37064 is Grove at Shadow Green with units starting at $1,500/mo.

How many apartments are available in Franklin 37064?

There are 13 units available across 3 apartment communities in Franklin 37064.

What salary do I need to live comfortably in Franklin 37064?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$127,000/year

Based on the 30 percent rule, using our tracked average rent of $3,183/mo.

Comfortable income

$153,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,500/mo), you need to earn at least $60,000/year.

Median household income in Franklin 37064 is $115,000 , about 25% below the comfortable-living threshold.

Cost of living in Franklin 37064

Overall prices in Franklin 37064 runs below the national average by about 3% (BEA Regional Price Parity index 97.0, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Franklin 37064's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$3,183	daily refresh
Utilities	$460	BLS × BEA RPP
Groceries	$509	BLS × BEA RPP
Transportation	$1,096	BLS × BEA RPP
Healthcare	$535	BLS × BEA RPP
Other goods and services	$855	BLS × BEA RPP
Estimated total	$6,637/mo	$79,649/year

Population

85,575

Median household income

$115,000

Census median rent

$1,861/mo

Rent as % of income

27.8%

Median age

37.8

Mean commute

25 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

Tennessee Rent Trends

Compare rent across all Tennessee cities

Explore Franklin, TN on Map

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US-wide rent comparison

See how Franklin, TN rents stack up against the national median