Find Homes & Apartments for Rent in Franklin, KY

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What to Know About

Life in Franklin & Beyond

Franklin shares many of the great qualities that make Kentucky a desirable place to live.

Kentucky, known as the "Bluegrass State" and located in the Appalachian foothills, is famous for its horse racing industry, but there's so much more to explore. Immerse yourself in Kentucky's cultural legacy with visits to the Kentucky Derby Museum and the Muhammad Ali Center, or further your education at universities like the University of Kentucky and the University of Louisville. Growing agriculture, manufacturing, and healthcare industries support Kentucky's economy, providing residents with a wide range of job opportunities.

Kentucky has a rich and diverse landscape, ranging from rolling hills to bustling cities, offering something for everyone. Take in the scenic views of the Appalachians, hit the links for a round of golf, or even attend exciting college sports games at renowned local universities. In addition, immerse yourself in famous attractions like Churchill Downs, the Kentucky Horse Park, Mammoth Cave National Park, the Kentucky Bourbon Trail, and the historic city of Lexington.

Kentucky offers a high quality of life, a strong economy, and a beautiful natural environment, making it a great place to live. The state's friendly and welcoming atmosphere will make you feel at home, and its unique blend of urban and rural living creates a unique sense of balance.

Rental Market Trends

Franklin, KY

As of March 2025, Franklin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Franklin's average rent is 20.8% ($262) lower than the Kentucky average of $1,261 and 44.1% ($789) lower than the U.S. average of $1,788.

Average Rent
$999
Monthly ChangeMonth Over Month Change
Increased1.2% ($12)
Yearly ChangeYear Over Year Change
Decreased14% ($163)
Avg. Days on MarketAverage Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $863 Increased0.5% ($4) Decreased8.1% ($76)
2 Beds $1,057 Increased1.3% ($14) Decreased10.3% ($121)
3 Beds $1,280 Increased6.6% ($79) Decreased5.7% ($77)
Nearby Cities Average Rent Avg. Rent vs. FranklinAverage Rent vs. Franklin Avg. Days on MarketAverage Days on Market
Portland $1,269 Increased27% ($270) 27 days
Bowling Green $1,045 Increased4.6% ($46) 37 days
White House $1,609 Increased61.1% ($610) 34 days
Russellville $1,069 Increased7% ($70) 30 days
Westmoreland $1,024 Increased2.5% ($25) 32 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Franklin Rental Market FAQs

Explore rental prices, market trends, and availability in Franklin, KY.

The average rent in Franklin, KY is $999 per month.
Homes in Franklin typically rent for between $604 and $1,664 per month, with an average of $999 per month.
In Franklin, the average rent for a 1-bedroom home is $863 per month, for a 2-bedroom home, $1,057 per month, and a 3-bedroom home is $1,280 per month.
The average rent in Franklin is 44.1% ($789) lower than the national average of $1,788 per month.
The average rent in Franklin has increased by 1.2% ($12) in the last month and decreased by 14.0% ($163) over the past year.
The rental market in Franklin, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Franklin, KY, the average rental stays on the market for approximately 36 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 13 rental properties available in Franklin, KY.
Based on the current averages, a household would need an annual income of $42,280 to comfortably afford a 2-bedroom home in Franklin.
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