Average Rent in Franklin, TN
21 apartment buildings, 561 units. Daily asking prices with rent history for every building.
Browse apartments in Franklin, TNCheapest
$1,345/mo
Viera Cool Springs Apartments
Properties
21
tracked daily
Units
561
available now
Franklin, TN Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 21 properties in Franklin, TN.
Average rent trend, last 3 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Franklin, TN Rent Prices
All 21 properties ranked by lowest available rent.
Viera Cool Springs Apartments
300 Royal Oaks Blvd, Franklin, TN 37067, USA
Wyndchase Aspen Grove
3100 Aspen Grove Dr, Franklin, TN 37067, USA
The Madison Franklin
801 Del Rio Pike, Franklin, TN 37064, USA
IMT Cool Springs
101 Gillespie Dr, Franklin, TN 37067, USA
IMT at the Galleria
427 Nichol Mill Ln, Franklin, TN 37067, USA
MAA Cool Springs
1001 Midwood St, Franklin, TN 37067, USA
South Wind Apartment Homes
549 Southwinds Dr, Franklin, TN 37064, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Viera Cool Springs Apartments 300 Royal Oaks Blvd, Franklin, TN 37067, USA | $1,345 | $1,563 | $2.02/ft² | 4.2 (353) | 43 |
| 2 | Wyndchase Aspen Grove 3100 Aspen Grove Dr, Franklin, TN 37067, USA | $1,358 | $1,748 | $1.57/ft² | 3.9 (339) | 79 |
| 3 | The Madison Franklin 801 Del Rio Pike, Franklin, TN 37064, USA | $1,399 as of Sep 29 | $1,463 | $5.85/ft² | 4.1 (76) | 4 |
| 4 | IMT Cool Springs 101 Gillespie Dr, Franklin, TN 37067, USA | $1,408 | $1,803 | $1.62/ft² | 4.4 (626) | 11 |
| 5 | IMT at the Galleria 427 Nichol Mill Ln, Franklin, TN 37067, USA | $1,408 | $1,803 | $1.62/ft² | 4.6 (286) | 11 |
| 6 | MAA Cool Springs 1001 Midwood St, Franklin, TN 37067, USA | $1,468 | $1,748 | $1.67/ft² | 4.5 (277) | 31 |
| 7 | South Wind Apartment Homes 549 Southwinds Dr, Franklin, TN 37064, USA | $1,483 | $1,664 | $1.74/ft² | 4.6 (180) | 14 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
Viera Cool Springs Apartments
4.2 (353)300 Royal Oaks Blvd, Franklin, TN 37067, USA
Wyndchase Aspen Grove
3.9 (339)3100 Aspen Grove Dr, Franklin, TN 37067, USA
The Madison Franklin
4.1 (76)801 Del Rio Pike, Franklin, TN 37064, USA
IMT Cool Springs
4.4 (626)101 Gillespie Dr, Franklin, TN 37067, USA
IMT at the Galleria
4.6 (286)427 Nichol Mill Ln, Franklin, TN 37067, USA
MAA Cool Springs
4.5 (277)1001 Midwood St, Franklin, TN 37067, USA
By Area
Franklin, TN neighborhoods
Tracked buildings across 3 named neighborhoods. Pick one to see its apartments.
Franklin, TN Average Rent Prices 2026
The average rent in Franklin, TN is $2,247 per month, based on 561 units across 21 apartment communities. Prices range from $1,345 at Viera Cool Springs Apartments to $5,707 at Ellison Cool Springs Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,814/mo | $1,781/mo | 3 |
| 1 Bed | $1,942/mo | $1,345/mo | 241 |
| 2 Bed | $2,384/mo | $1,532/mo | 261 |
| 3 Bed | $2,945/mo | $1,500/mo | 56 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Building Economics
How much do Franklin, TN apartments earn?
The 8 buildings we can estimate generate about $5.6M in rental revenue per month ($67M a year). Estimated from each building's unit-level listing and leasing activity.
| Building | Est. Monthly Revenue | Asking / Leased | Est. Occupancy | Units |
|---|---|---|---|---|
| 1.McEwen Northside Apartments | $1.6M/mo | $2,423 / $2,365 | 89% | 768 |
| 2.MAA Cool Springs | $745K/mo | $1,748 / $1,876 | 93% | 428 |
| 3.IMT Franklin Gateway | $616K/mo | $1,540 / $1,908 | 99% | 325 |
| 4.IMT Cool Springs | $586K/mo | $1,803 / $1,865 | 97% | 325 |
| 5.IMT at the Galleria | $576K/mo | $1,803 / $1,835 | 97% | 325 |
| 3 more estimated buildings | $1.5M/mo |
Research estimates from listing activity, not operator financials. Asking is the average listed rent; leased is the average rent at which units left the market. Click any building for the full revenue breakdown and methodology.
Market Context
Who rents in Franklin, TN, and what they pay
Tracked one-bedroom rent in Franklin, TN averages $1,942/mo, with two-bedroom units averaging $2,384/mo. At the local median household income of $115,000, that works out to 23% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Franklin, TN at $1,861/mo. The current tracked market average runs 21% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Franklin, TN while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Nashville
Demand in the Nashville rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- Nissan North America
- Community Health Systems
- Healthways
Mean one-way commute in Franklin, TN is 25 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Franklin, TN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$90,000/year
Based on the 30 percent rule, using our tracked average rent of $2,247/mo.
Comfortable income
$108,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,345/mo), you need to earn at least $54,000/year.
Median household income in Franklin, TN is $115,000 , about 7% above the comfortable-living threshold.
Cost of living in Franklin, TN
Overall prices in Franklin, TN runs below the national average by about 3% (BEA Regional Price Parity index 97.0, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Franklin, TN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,247 |
| Utilities | $460 |
| Groceries | $509 |
| Transportation | $1,096 |
| Healthcare | $535 |
| Other goods and services | $855 |
| Estimated total | $5,701/mo |
Population
85,575
Median household income
$115,000
Census median rent
$1,861/mo
Census rent burden
27.8%
Median age
37.8
Mean commute
25 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Tennessee
How Franklin, TN rent compares to other markets in the state.
| City | Avg Rent | vs Franklin, TN | 30-Day Change | Properties |
|---|---|---|---|---|
| Nashville, TN | $2,159 | -4% | -5% | 91 |
| Memphis, TN | $1,325 | -41% | -17.4% | 23 |
| Johnson City, TN | $1,521 | -32% | -2.5% | 21 |
| Smyrna, TN | $1,807 | -20% | +1.7% | 17 |
| Murfreesboro, TN | $1,485 | -34% | -6.4% | 15 |
| Spring Hill, TN | $1,653 | -26% | -0.7% | 14 |
Frequently asked questions
What is the average rent in Franklin, TN?
The average rent in Franklin, TN is $2,247 per month, based on 561 units across 21 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Franklin, TN?
The median asking rent in Franklin, TN is $1,978 per month, computed from 561 live listed units and refreshed daily. The average is $2,247/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Franklin, TN?
The lowest available rent in Franklin, TN starts at $1,345 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Franklin, TN?
1-bedroom apartments in Franklin, TN average $1,942/mo. The lowest listed 1-bedroom starts at $1,345/mo across 241 units tracked.
How much is a 2-bedroom apartment in Franklin, TN?
2-bedroom apartments in Franklin, TN average $2,384/mo. Units start from $1,532/mo across 261 units currently listed.
Rent Trends in Franklin, TN
Track how apartment prices are changing over time.
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