Rent in Franklin, OH
A 2-bedroom in Franklin, OH (ZIP 45005) typically rents for about $1,177 a month, with a range of $1,004–$1,350. Owner-occupied homes in Warren County pay about 1.20% 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 | $860 | $739–$980 | 1 |
| 1 bed | $957 | $853–$1,060 | 1 |
| 2 beds | $1,177 | $1,004–$1,350 | 1 |
| 3 beds | $1,552 | $1,324–$1,780 | 1 |
| 4 beds | $1,763 | $1,526–$2,000 | 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) and Census ACS 5-year median gross rent (Dec 31, 2024).
Franklin ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Franklin, OH?
- About $1,177 a month: the median of the typical rents in 1 ZIP code, which range from $1,004–$1,350. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Franklin, OH?
- About $957 a month: the median of the typical rents in 1 ZIP code, which range from $853–$1,060. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Franklin, OH?
- About $1,552 a month: the median of the typical rents in 1 ZIP code, which range from $1,324–$1,780. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Franklin, OH?
- About $860 a month: the median of the typical rents in 1 ZIP code, which range from $739–$980. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Franklin, OH?
- About $1,763 a month: the median of the typical rents in 1 ZIP code, which range from $1,526–$2,000. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Franklin, OH?
- Owner-occupied homes in Warren County pay a typical 1.20% 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) and Census ACS 5-year median gross rent (Dec 31, 2024).