Rent in Franklin, TN
Across Franklin's 5 ZIP codes, a 2-bedroom typically rents for about $2,201 a month, with figures from $1,798–$2,560. The highest typical rent is in 37068 ($2,300) and the lowest in 37064 ($2,028). Owner-occupied homes in Williamson County pay about 0.40% 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 | $2,030 | $1,585–$2,260 | 5 |
| 1 bed | $2,049 | $1,650–$2,350 | 5 |
| 2 beds | $2,201 | $1,798–$2,560 | 5 |
| 3 beds | $2,942 | $2,184–$3,290 | 5 |
| 4 beds | $3,580 | $2,316–$3,990 | 5 |
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, TN?
- About $2,201 a month: the median of the typical rents in 5 ZIP codes, which range from $1,798–$2,560. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Franklin, TN?
- About $2,049 a month: the median of the typical rents in 5 ZIP codes, which range from $1,650–$2,350. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Franklin, TN?
- About $2,942 a month: the median of the typical rents in 5 ZIP codes, which range from $2,184–$3,290. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Franklin, TN?
- About $2,030 a month: the median of the typical rents in 5 ZIP codes, which range from $1,585–$2,260. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Franklin, TN?
- About $3,580 a month: the median of the typical rents in 5 ZIP codes, which range from $2,316–$3,990. Figures are gross rent (rent plus tenant-paid utilities).
- Which Franklin ZIP code has the highest rent?
- For a 2-bedroom, 37068 has the highest typical rent at $2,300 a month, and 37064 the lowest at $2,028.
- What is the property tax rate in Franklin, TN?
- Owner-occupied homes in Williamson County pay a typical 0.40% 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).