Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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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 2026, Franklin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Franklin's average rent is 21.3% ($337) lower than the Pennsylvania average of $1,581 and 30.8% ($553) lower than the U.S. average of $1,797.
Average Rent
$1,244
Monthly ChangeMonth Over Month Change
0.7% ($9)
Yearly ChangeYear Over Year Change
8.7% ($118)
Avg. Days on MarketAverage Days on Market
40
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,049 | 8.9% ($86) | 1.1% ($12) |
| 2 Beds | $1,244 | 6% ($70) | 8.8% ($120) |
| 3 Beds | $1,547 | 17.1% ($226) | 4.9% ($80) |
| Nearby Cities | Average Rent | Avg. Rent vs. FranklinAverage Rent vs. Franklin | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Oil City | $1,023 | 17.8% ($221) | 38 days |
| Stoneboro | $833 | 33% ($411) | 38 days |
| Grove City | $859 | 30.9% ($385) | 38 days |
| Meadville | $779 | 37.4% ($465) | 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 $1,244 per month.
Houses in Franklin typically rent for between $734 and $2,011 per month, with an average of $1,244 per month.
In Franklin, the average rent for a 1-bedroom house is $1,049 per month, for a 2-bedroom house, $1,244 per month, and a 3-bedroom house is $1,547 per month.
The average rent in Franklin is 30.8% ($553) lower than the national average of $1,797 per month.
The average rent in Franklin has increased by 0.7% ($9) in the last month and decreased by 8.7% ($118) 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 $49,760 to comfortably afford a 2-bedroom house in Franklin.
