122 Luxury Apartments for rent in Franklin, TN

Last updated June 24 at 5:30pm UTC
1633 Brentwood Pointe
Franklin
Franklin, TN
Updated June 24 at 10:49am UTC
2 Bedrooms
$1,695
123 Grant Park Drive
Franklin
Franklin, TN
Updated June 24 at 10:06am UTC
2 Bedrooms
$2,200
202 Cooper Ledge Cir
Franklin
Franklin, TN
Updated June 23 at 5:04pm UTC
4 Bedrooms
$2,600
2202 Falcon Creek Dr
Franklin
Franklin, TN
Updated June 23 at 11:09am UTC
3 Bedrooms
$1,995
1426 Clairmonte Circle
Franklin
Franklin, TN
Updated June 23 at 11:01am UTC
3 Bedrooms
$2,100
400 Beauchamp Circle
Franklin
Franklin, TN
Updated June 23 at 11:01am UTC
4 Bedrooms
$3,100
3201 Aspen Grove Dr, A8
Franklin
Franklin, TN
Updated June 23 at 6:59am UTC
2 Bedrooms
$1,950
1303 Citadel Court
Franklin
Franklin, TN
Updated June 23 at 6:58am UTC
4 Bedrooms
$2,800
415 Granbury St
Franklin
Franklin, TN
Updated June 23 at 2:40am UTC
2 Bedrooms
$1,700
6051 Rural Plains Circle 209
Franklin
Franklin, TN
Updated June 24 at 2:53pm UTC
2 Bedrooms
$2,100
113 Sontag Dr.
Franklin
Franklin, TN
Updated June 24 at 2:51pm UTC
4 Bedrooms
$2,995
1101 Downs Blvd #123
Franklin
Franklin, TN
Updated June 24 at 10:49am UTC
2 Bedrooms
$1,675
1215 Deanna Ct.
Franklin
Franklin, TN
Updated June 24 at 2:39am UTC
4 Bedrooms
$3,000
236 Dandridge Drive
Franklin
Franklin, TN
Updated June 24 at 10:49am UTC
5 Bedrooms
$2,495

June 2018 Franklin Rent Report

Welcome to the June 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

June 2018 Franklin Rent Report

Welcome to the June 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 1.4% over the past month, and are up moderately by 2.7% in comparison to the same time last year. Currently, median rents in Franklin stand at $1,050 for a one-bedroom apartment and $1,290 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in March. Franklin's year-over-year rent growth leads the state average of 1.6%, as well as the national average of 1.5%.

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 1.6% 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 $1,290; of the 10 largest Tennessee cities that we have data for, all have seen rents rise year-over-year, with Hendersonville experiencing the fastest growth (+5.6%).
  • Knoxville, Murfreesboro, and Smyrna have all experienced year-over-year growth above the state average (4.9%, 4.6%, and 3.8%, respectively).

Franklin rents more affordable than many large cities nationwide

As rents have increased moderately in Franklin, a few 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 $1,290 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 2.7% rise in Franklin.
  • While Franklin's rents rose moderately over the past year, the city of Seattle saw a decrease of 0.8%.
  • 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 $910 $1,120 0.6% 0.5%
Murfreesboro $880 $1,080 -0.0% 4.6%
Franklin $1,050 $1,290 1.4% 2.7%
Hendersonville $990 $1,210 1.3% 5.6%
Smyrna $920 $1,130 1.6% 3.8%
Gallatin $880 $1,080 1.7% 3.1%
Goodlettsville $950 $1,160 0.7% 2.5%

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.