Rent in Franklin, NC
Across Franklin's 2 ZIP codes, a 2-bedroom typically rents for about $913 a month, with figures from $811–$1,015. The highest typical rent is in 28744 ($1,015) and the lowest in 28734 ($811). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Macon County pay about 0.43% 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 | $663 | $619–$707 | 2 |
| 1 bed | $761 | $670–$851 | 2 |
| 2 beds | $913 | $811–$1,015 | 2 |
| 3 beds | $1,060 | $884–$1,236 | 2 |
| 4 beds | $1,221 | $1,107–$1,335 | 2 |
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, NC?
- About $913 a month: the median of the typical rents in 2 ZIP codes, which range from $811–$1,015. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Franklin, NC?
- About $761 a month: the median of the typical rents in 2 ZIP codes, which range from $670–$851. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Franklin, NC?
- About $1,060 a month: the median of the typical rents in 2 ZIP codes, which range from $884–$1,236. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Franklin, NC?
- About $663 a month: the median of the typical rents in 2 ZIP codes, which range from $619–$707. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Franklin, NC?
- About $1,221 a month: the median of the typical rents in 2 ZIP codes, which range from $1,107–$1,335. Figures are gross rent (rent plus tenant-paid utilities).
- Which Franklin ZIP code has the highest rent?
- For a 2-bedroom, 28744 has the highest typical rent at $1,015 a month, and 28734 the lowest at $811.
- What is the property tax rate in Franklin, NC?
- Owner-occupied homes in Macon County pay a typical 0.43% 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).