198 Houses for rent in Franklin, TN

Last updated July 15 at 6:34pm UTC
6051 Rural Plains #207
Franklin
Franklin, TN
Updated July 15 at 6:34pm UTC
1 Bedroom
$1,495
1322 Tilton Drive
Franklin
Franklin, TN
Updated July 15 at 2:41pm UTC
5 Bedrooms
$2,450
123 Grant Park Drive
Franklin
Franklin, TN
Updated July 15 at 2:41pm UTC
2 Bedrooms
$2,200
113 Sontag Dr.
Franklin
Franklin, TN
Updated July 15 at 2:39pm UTC
4 Bedrooms
$2,995
8 Prescott Place
Franklin
Franklin, TN
Updated July 15 at 2:37pm UTC
3 Bedrooms
$2,100
221 Freedom Dr
Franklin
Franklin, TN
Updated July 14 at 2:59am UTC
3 Bedrooms
$2,500
511 Cloverleaf Lane
Franklin
Franklin, TN
Updated July 14 at 2:58am UTC
3 Bedrooms
$1,795
1303 Citadel Court
Franklin
Franklin, TN
Updated July 13 at 6:40am UTC
4 Bedrooms
$2,700
1215 Deanna Ct.
Franklin
Franklin, TN
Updated July 13 at 2:54am UTC
4 Bedrooms
$2,500
1028 Meandering Qay
Franklin
Franklin, TN
Updated July 12 at 2:53am UTC
3 Bedrooms
$1,650
1562 Towne Park Lane
Franklin
Franklin, TN
Updated July 14 at 7:10pm UTC
5 Bedrooms
$3,450
400 Beauchamp Circle
Franklin
Franklin, TN
Updated July 13 at 10:38pm UTC
4 Bedrooms
$2,975
2005 Brewster Drive
Franklin
Franklin, TN
Updated July 11 at 11:11pm UTC
5 Bedrooms
$3,250
1426 Clairmonte Circle
Franklin
Franklin, TN
Updated July 11 at 6:51am UTC
3 Bedrooms
$2,000
1421 Mayberry Lane
Franklin
Franklin, TN
Updated July 11 at 2:59am UTC
3 Bedrooms
$2,650
3006 Coral Bell Lane
Franklin
Franklin, TN
Updated July 11 at 2:59am UTC
5 Bedrooms
$4,150
1203 Bonnhaven Drive
Franklin
Franklin, TN
Updated July 10 at 10:57pm UTC
4 Bedrooms
$2,640
1502 Leesburg Ct.
Franklin
Franklin, TN
Updated July 10 at 10:53pm UTC
3 Bedrooms
$2,200
1134 Barrel Springs Hollow Rd
Franklin
Franklin, TN
Updated July 10 at 11:09am UTC
3 Bedrooms
$2,500
325 Wandering Circle
Franklin
Franklin, TN
Updated July 10 at 11:08am UTC
3 Bedrooms
$3,300
308 Highland Ave
Franklin
Franklin, TN
Updated July 8 at 10:40pm UTC
3 Bedrooms
$2,900
1554 Towne Park Lane
Franklin
Franklin, TN
Updated July 15 at 6:34pm UTC
3 Bedrooms
$2,750
236 Dandridge Drive
Franklin
Franklin, TN
Updated July 15 at 6:41am UTC
5 Bedrooms
$2,495
1201 Twin Oaks Dr
Franklin
Franklin, TN
Updated July 13 at 6:44am UTC
3 Bedrooms
$2,000

July 2018 Franklin Rent Report

Welcome to the July 2018 Franklin Rent Report. Franklin rents increased over the past month. In this report, we'll evaluate trends in the Franklin rental market, including comparisons to cities throughout the state and nation.

View full Franklin Rent Report
Rent Report
Franklin

July 2018 Franklin Rent Report

Welcome to the July 2018 Franklin Rent Report. Franklin rents increased over the past month. In this report, we'll evaluate trends in the Franklin rental market, including comparisons to cities throughout the state and nation.

Franklin rents increase sharply over the past month

Franklin rents have increased 1.1% over the past month, and are up moderately by 3.2% in comparison to the same time last year. Currently, median rents in Franklin stand at $1,060 for a one-bedroom apartment and $1,300 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in March. Franklin's year-over-year rent growth leads the state and national averages, which both stand at 1.4%.

Rents rising across cities in Tennessee

Throughout the past year, rent increases have been occurring not just in the city of Franklin, but across the entire state. Of the largest 10 cities that we have data for in Tennessee, all of them have seen prices rise. The state as a whole logged rent growth of 1.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Franklin is the most expensive of all Tennessee's major cities, with a median two-bedroom rent of $1,300; of the 10 largest Tennessee cities that we have data for, all have seen rents rise year-over-year, with Smyrna experiencing the fastest growth (+4.4%).
  • Hendersonville, Knoxville, and Murfreesboro have all experienced year-over-year growth above the state average (4.4%, 4.3%, and 3.5%, respectively).

Franklin rents more affordable than many large cities nationwide

As rents have increased moderately in Franklin, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Franklin is still more affordable than most large cities across the country.

  • Franklin's median two-bedroom rent of $1,300 is above the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 3.2% rise in Franklin.
  • While Franklin's rents rose moderately over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and Minneapolis (-0.1%).
  • Renters will find more reasonable prices in Franklin than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than twice the price in Franklin.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Nashville $920 $1,130 0.7% 0.5%
Murfreesboro $880 $1,080 -0.1% 3.5%
Franklin $1,060 $1,300 1.1% 3.2%
Hendersonville $990 $1,220 0.4% 4.4%
Smyrna $930 $1,140 1.2% 4.4%
Gallatin $880 $1,080 0.2% 3.1%
Goodlettsville $940 $1,160 -0.4% 2.1%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.