Rent in Franklin, MA
A 2-bedroom in Franklin, MA (ZIP 02038) typically rents for about $2,053 a month, with a range of $2,053–$3,008. Owner-occupied homes in Norfolk County pay about 1.06% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,864 | $1,864–$2,440 | 1 |
| 1 bed | $1,641 | $1,641–$2,518 | 1 |
| 2 beds | $2,053 | $2,053–$3,008 | 1 |
| 3 beds | $2,666 | $2,666–$3,584 | 1 |
| 4 beds | $1,538 | $1,538–$3,953 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Franklin ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Franklin, MA?
- About $2,053 a month: the median of the typical rents in 1 ZIP code, which range from $2,053–$3,008. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Franklin, MA?
- About $1,641 a month: the median of the typical rents in 1 ZIP code, which range from $1,641–$2,518. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Franklin, MA?
- About $2,666 a month: the median of the typical rents in 1 ZIP code, which range from $2,666–$3,584. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Franklin, MA?
- About $1,864 a month: the median of the typical rents in 1 ZIP code, which range from $1,864–$2,440. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Franklin, MA?
- About $1,538 a month: the median of the typical rents in 1 ZIP code, which range from $1,538–$3,953. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Franklin, MA?
- Owner-occupied homes in Norfolk County pay a typical 1.06% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Franklin rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).