New Jersey is known for its beaches along the Jersey Shore to some of the most iconic landmarks in the nation, such as the Liberty Bell, the Statue of Liberty, and Ellis Island. From the bustling streets of Newark to the picturesque shorelines of Cape May, New Jersey is a state unlike any other. Discover its dynamic culture and rich heritage by visiting iconic landmarks like Liberty State Park and the Ellis Island National Museum of Immigration. And for those seeking knowledge, New Jersey is home to renowned universities like Rutgers University and Princeton University.

Whether you're an outdoor enthusiast or a sports fan, New Jersey has plenty to offer, including the New York Giants (NFL), New York Jets (NFL), New Jersey Devils (NHL), and the New Jersey Nets (NBA). Enjoy the beautiful coastline by fishing, surfing, or sailing, and hit the slopes of nearby mountains. Make sure to visit famous attractions like the Atlantic City Boardwalk, the Camden Waterfront, and the historic town of Cape May.

A state that never stops moving, New Jersey is a melting pot of cultures, experiences, and opportunities waiting to be experienced, making it a great place to call home.

Rental Market Trends

Franklin Lakes, NJ

As of August 2025, Franklin Lakes's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Franklin Lakes's average rent is 37.3% ($919) higher than the New Jersey average of $2,461 and 90.4% ($1,605) higher than the U.S. average of $1,775.

Average Rent

$3,380

Monthly ChangeMonth Over Month Change

3.7% ($131)

Yearly ChangeYear Over Year Change

2.9% ($101)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$3,023	2.2% ($68)	6.6% ($213)
2 Beds	$3,737	0.6% ($23)	0.6% ($21)
3 Beds	$5,614	4.1% ($241)	1% ($56)

Nearby Cities	Average Rent	Avg. Rent vs. Franklin LakesAverage Rent vs. Franklin Lakes	Avg. Days on MarketAverage Days on Market
Pompton Lakes	$2,538	24.9% ($842)	41 days
Mahwah	$2,271	32.8% ($1109)	46 days
Bloomingdale	$3,338	1.2% ($42)	35 days
Paterson	$1,598	52.7% ($1782)	41 days
Fair Lawn	$2,599	23.1% ($781)	49 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Franklin Lakes Rental Market FAQs

Explore rental prices, market trends, and availability in Franklin Lakes, NJ.

What is the average rent in Franklin Lakes, NJ?

The average rent in Franklin Lakes, NJ is $3,380 per month.

What is the rental price range for homes in Franklin Lakes, NJ?

Homes in Franklin Lakes typically rent for between $2,116 and $7,298 per month, with an average of $3,380 per month.

What is the average rent for different bedroom sizes in Franklin Lakes, NJ?

In Franklin Lakes, the average rent for a 1-bedroom home is $3,023 per month, for a 2-bedroom home, $3,737 per month, and a 3-bedroom home is $5,614 per month.

How do rent prices in Franklin Lakes, NJ compare with the national average?

The average rent in Franklin Lakes is 90.4% ($1,605) higher than the national average of $1,775 per month.

How have rent prices in Franklin Lakes, NJ changed recently?

The average rent in Franklin Lakes has decreased by 3.7% ($131) in the last month and decreased by 2.9% ($101) over the past year.

How competitive is the rental market in Franklin Lakes, NJ?

The rental market in Franklin Lakes, NJ, is currently stable, offering a predictable rental market where most units lease within a few weeks.

How long do rentals stay on the market in Franklin Lakes, NJ?

In Franklin Lakes, NJ, the average rental stays on the market for approximately 44 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Franklin Lakes, NJ?

There are currently 3 rental properties available in Franklin Lakes, NJ.

Can I afford to rent a home in Franklin Lakes, NJ?

Based on the current averages, a household would need an annual income of $149,480 to comfortably afford a 2-bedroom home in Franklin Lakes.