Rent in Franklin, MI
A 2-bedroom in Franklin, MI (ZIP 48025) typically rents for about $2,197 a month, with a range of $2,190–$2,204. Owner-occupied homes in Oakland County pay about 1.27% 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 | $1,570 | $1,047–$1,570 | 1 |
| 1 bed | $1,625 | $1,500–$1,750 | 1 |
| 2 beds | $2,197 | $2,190–$2,204 | 1 |
| 3 beds | $2,738 | $2,670–$2,806 | 1 |
| 4 beds | $2,900 | $1,929–$2,900 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), 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, MI?
- About $2,197 a month: the median of the typical rents in 1 ZIP code, which range from $2,190–$2,204. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Franklin, MI?
- About $1,625 a month: the median of the typical rents in 1 ZIP code, which range from $1,500–$1,750. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Franklin, MI?
- About $2,738 a month: the median of the typical rents in 1 ZIP code, which range from $2,670–$2,806. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Franklin, MI?
- About $1,570 a month: the median of the typical rents in 1 ZIP code, which range from $1,047–$1,570. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Franklin, MI?
- About $2,900 a month: the median of the typical rents in 1 ZIP code, which range from $1,929–$2,900. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Franklin, MI?
- Owner-occupied homes in Oakland County pay a typical 1.27% 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?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).