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Steps to Take After a Rental Scam
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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 June 2025, Franklin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Franklin's average rent is 16.7% ($274) lower than the Pennsylvania average of $1,636 and 23.7% ($422) lower than the U.S. average of $1,784.
Average Rent
$1,362
Monthly ChangeMonth Over Month Change
4.4% ($63)
Yearly ChangeYear Over Year Change
5.4% ($70)
Avg. Days on MarketAverage Days on Market
40
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,061 | 6% ($68) | 5.2% ($58) |
| 2 Beds | $1,364 | 2.9% ($41) | 2.6% ($34) |
| 3 Beds | $1,627 | 3.3% ($55) | 3.8% ($60) |
| Nearby Cities | Average Rent | Avg. Rent vs. FranklinAverage Rent vs. Franklin | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Oil City | $1,271 | 6.7% ($91) | 38 days |
| Grove City | $1,454 | 6.8% ($92) | 38 days |
| Meadville | $741 | 45.6% ($621) | 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 $1,362 per month.
Homes in Franklin typically rent for between $743 and $2,115 per month, with an average of $1,362 per month.
In Franklin, the average rent for a 1-bedroom home is $1,061 per month, for a 2-bedroom home, $1,364 per month, and a 3-bedroom home is $1,627 per month.
The average rent in Franklin is 23.7% ($422) lower than the national average of $1,784 per month.
The average rent in Franklin has decreased by 4.4% ($63) in the last month and increased by 5.4% ($70) 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 27 rental properties available in Franklin, PA.
Based on the current averages, a household would need an annual income of $54,560 to comfortably afford a 2-bedroom home in Franklin.
