Last updated
Average Rent in Franklin, TN & Rent Trends
Rent prices and market trends across 13 apartment communities in Franklin, TN. Updated daily.
Market Average
$2,086/mo
▼ 1.8% from last month
Lowest Available
$1,399/mo
cheapest unit on market
Communities
13
tracked daily
Units Listed
278
available now
Price Cuts This Week in Franklin, TN
96 listed units across 10 buildings in Franklin, TN dropped their asking rent in the past 7 days, an average cut of $122/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| IMT at the Galleria | Unit 3 | $2,111 | $1,603 | $508 |
| Dwell at McEwen | Unit 23, B1 to B3 | $2,375 | $1,995 | $380 |
| 780 Townhomes | Unit 3 | $3,522 | $3,171 | $351 |
| Dwell at McEwen | Unit 34, C1 to C4 | $3,270 | $2,930 | $340 |
| Dwell at McEwen | Unit 23, B12 to B14 | $2,555 | $2,220 | $335 |
| Dwell at McEwen | Unit 21, B12 to B14 | $2,550 | $2,220 | $330 |
| Dwell at McEwen | Unit 22, B12 to B14 | $2,550 | $2,220 | $330 |
| Dwell at McEwen | Unit 15, B1 to B3 | $2,355 | $2,035 | $320 |
Rent by Neighborhood in Franklin, TN
Compare average rent across Franklin, TN neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Franklin 37067 | $2,115 | ▼ $62 | $1,418 | 7 | 234 |
| Franklin 37064 | $1,943 | ▲ $135 | $1,399 | 5 | 40 |
| Franklin 37069 | $1,778 | ▼ $127 | $1,507 | 1 | 4 |
Is Rent Going Up or Down in Franklin, TN?
As of September 2026, the average rent in Franklin, TN is $2,086 per month across 13 apartment communities and 278 available units. Rents have decreased $38 (1.8%) over the past month.
The most affordable option is The Madison Franklin starting at $1,399/mo. By unit type, a studio averages $1,633/mo, a 1-bedroom averages $1,818/mo, a 2-bedroom averages $2,317/mo, a 3-bedroom averages $2,973/mo.
Prices range from $1,399 to $4,534 per month. The most common price point is the $1,600 range, where 76 units are currently listed.
Franklin, TN Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| May 2026 | $1,976 | - | 6 |
| June 2026 | $1,960 | -$16 | 14 |
| July 2026 | $2,009 | +$49 | 14 |
| August 2026 | $2,039 | +$30 | 14 |
| September 2026 | $2,007 | -$32 | 13 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Franklin, TN
Rent Prices by Apartment in Franklin, TN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Madison Franklin | $1,399/mo | $1,463/mo | 4 | 4.1 |
| IMT at the Galleria | $1,418/mo | $1,886/mo | 11 | 4.6 |
| IMT Cool Springs | $1,418/mo | $1,886/mo | 11 | 4.4 |
| South Wind Apartment Homes | $1,492/mo | $1,698/mo | 13 | 4.6 |
| MAA Cool Springs | $1,498/mo | $1,836/mo | 27 | 4.5 |
| Grove at Shadow Green | $1,500/mo | $1,500/mo | 1 | 4 |
| IMT Franklin Gateway | $1,507/mo | $1,778/mo | 4 | 4.5 |
Frequently Asked Questions About Rent in Franklin, TN
What is the average rent in Franklin, TN?
Is rent going up or down in Franklin, TN?
What is the cheapest apartment in Franklin, TN?
How much is a 1-bedroom apartment in Franklin, TN?
How many apartments are available in Franklin, TN?
What salary do I need to live comfortably in Franklin, TN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$83,000/year
Based on the 30 percent rule, using our tracked average rent of $2,086/mo.
Comfortable income
$100,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,399/mo), you need to earn at least $56,000/year.
Median household income in Franklin, TN is $115,000 , about 15% above the comfortable-living threshold.
Cost of living in Franklin, TN
Overall prices in Franklin, TN 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, TN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,086 |
| Utilities | $460 |
| Groceries | $509 |
| Transportation | $1,096 |
| Healthcare | $535 |
| Other goods and services | $855 |
| Estimated total | $5,540/mo |
Population
85,575
Median household income
$115,000
Census median rent
$1,861/mo
Census rent burden
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.
Google Search Trends for Franklin, TN Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Franklin, TN Apartments
Browse all 13 communities with daily-updated pricing and availability.