North Carolina is diverse, with coastal beaches and mountainous regions, creating a one-of-a-kind experience. North Carolina is known for its beautiful landscapes, including the Blue Ridge Mountains, Great Smoky Mountains, and Outer Banks, as well as popular tourist destinations like the North Carolina Zoo and USS North Carolina Battleship Memorial. The state is home to several major universities, including North Carolina State University, Duke University, and the University of North Carolina at Chapel Hill. It also offers historic sites like the Biltmore Estate and Wright Brothers National Memorial.

There is a strong sports culture in North Carolina, with popular teams including the Carolina Panthers (NFL), Carolina Hurricanes (NHL), and Charlotte Hornets (NBA) and a rabid college sports scene. North Carolina also has a vibrant arts and theater scene, with some of the country's most prestigious performance venues, like the Durham Performing Arts Center and the Blumenthal Performing Arts Center.

With an affordable cost of living, abundant job opportunities, high quality of life, stunning natural beauty, top-notch education, and a wealth of cultural offerings, North Carolina is a top choice for many looking for a great place to live.

Rental Market Trends

Franklin, NC

As of April 2026, Franklin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Franklin's average rent is 22.0% ($326) lower than the North Carolina average of $1,480 and 35.5% ($634) lower than the U.S. average of $1,788.

Average Rent

$1,154

Monthly ChangeMonth Over Month Change

2.2% ($25)

Yearly ChangeYear Over Year Change

2.2% ($25)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$970	3.3% ($31)	3.3% ($31)
2 Beds	$1,116	0.4% ($4)	0.4% ($4)
3 Beds	$1,432	3% ($42)	3% ($42)

Nearby Cities	Average Rent	Avg. Rent vs. FranklinAverage Rent vs. Franklin	Avg. Days on MarketAverage Days on Market
Sylva	$1,590	37.8% ($436)	38 days
Cullowhee	$1,140	1.2% ($14)	36 days
Clayton	$1,728	49.7% ($574)	38 days
Whittier	$1,037	10.1% ($117)	40 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, NC.

What is the average rent in Franklin, NC?

The average rent in Franklin, NC is $1,154 per month.

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

Homes in Franklin typically rent for between $679 and $1,862 per month, with an average of $1,154 per month.

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

In Franklin, the average rent for a 1-bedroom home is $970 per month, for a 2-bedroom home, $1,116 per month, and a 3-bedroom home is $1,432 per month.

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

The average rent in Franklin is 35.5% ($634) lower than the national average of $1,788 per month.

How have rent prices in Franklin, NC changed recently?

The average rent in Franklin has increased by 2.2% ($25) in the last month and increased by 2.2% ($25) over the past year.

How competitive is the rental market in Franklin, NC?

The rental market in Franklin, NC, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

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

In Franklin, NC, the average rental stays on the market for approximately 38 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, NC?

There are currently 5 rental properties available in Franklin, NC.

Can I afford to rent a home in Franklin, NC?

Based on the current averages, a household would need an annual income of $44,640 to comfortably afford a 2-bedroom home in Franklin.