Homes for Rent in 16323

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What to Know About

Life in Franklin & Beyond

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

Pennsylvania is a state rich in history and charm. Explore the state's culture by visiting historic sites like Independence Hall, the Liberty Bell, and Gettysburg National Military Park. Pennsylvania is also home to respected universities like the University of Pennsylvania, Carnegie Mellon University, Drexel University, and Penn State University. Pennsylvania's economy thrives on manufacturing, healthcare, and technology. The state is also home to a thriving theater and art scene, with institutions such as the Kimmel Center for the Performing Arts, the Pittsburgh Symphony Orchestra, and the Pennsylvania Ballet.

For those who love the great outdoors, Pennsylvania offers opportunities for skiing in the Pocono Mountains, fishing in Lake Erie, and exploring the scenic Appalachian Mountains. Sports fans can catch professional games for teams like the Philadelphia Eagles (NFL), Pittsburgh Steelers (NFL), Philadelphia Flyers (NHL), Philadelphia Phillies (MLB), and Philadelphia 76ers (NBA). Be amazed by the popular attractions like the Philly Cheesesteak, the Amish Country, and the Pittsburgh Zoo.

Discover a blend of old and new in Pennsylvania, where history and progress coexist to make it a great place to live.

Rental Market Trends

Franklin, PA

As of July 2025, Franklin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Franklin's average rent is 17.5% ($283) lower than the Pennsylvania average of $1,617 and 24.8% ($441) lower than the U.S. average of $1,775.

Average Rent
$1,334
Monthly ChangeMonth Over Month Change
Decreased2.1% ($28)
Yearly ChangeYear Over Year Change
Decreased2% ($27)
Avg. Days on MarketAverage Days on Market
40
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,145 Increased7.9% ($84) Decreased2.8% ($33)
2 Beds $1,340 Decreased1.8% ($24) Decreased4.4% ($61)
3 Beds $1,488 Decreased8.5% ($139) Decreased9.9% ($163)
Nearby Cities Average Rent Avg. Rent vs. FranklinAverage Rent vs. Franklin Avg. Days on MarketAverage Days on Market
Grove City $1,426 Increased6.9% ($92) 38 days
Meadville $728 Decreased45.4% ($606) 45 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, PA.

The average rent in Franklin, PA is $1,334 per month.
Homes in Franklin typically rent for between $802 and $1,934 per month, with an average of $1,334 per month.
In Franklin, the average rent for a 1-bedroom home is $1,145 per month, for a 2-bedroom home, $1,340 per month, and a 3-bedroom home is $1,488 per month.
The average rent in Franklin is 24.8% ($441) lower than the national average of $1,775 per month.
The average rent in Franklin has decreased by 2.1% ($28) in the last month and decreased by 2.0% ($27) over the past year.
The rental market in Franklin, PA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Franklin, PA, the average rental stays on the market for approximately 40 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 24 rental properties available in Franklin, PA.
Based on the current averages, a household would need an annual income of $53,600 to comfortably afford a 2-bedroom home in Franklin.
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