Homes & Apartments for Rent in 53132

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What to Know About

Life in Franklin & Beyond

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

Wisconsin, known for its picturesque landscapes, vibrant cities, and fascinating history, is a true gem of the Midwest. Discover Wisconsin's rich heritage by visiting its state-of-the-art museums, such as the Wisconsin Historical Museum in Madison or the Milwaukee Public Museum, or enroll in prestigious universities like the University of Wisconsin-Madison, Marquette University, and the University of Wisconsin-Milwaukee. The industries of manufacturing, agriculture, and tourism have built a robust economy in Wisconsin.

Combined with its diverse geography, it offers endless opportunities for outdoor enthusiasts to explore the state's stunning natural beauty. Enjoy fishing in the Great Lakes, skiing in its scenic mountains, or hiking in the picturesque Kettle Moraine State Forest. Cheer for the Green Bay Packers (NFL) and the Milwaukee Bucks (NBA), or take a scenic drive through the charming towns and countryside. And make sure to take advantage of famous attractions like Lambeau Field, Ice Age National Scientific Reserve, and the Wisconsin Dells.

Experience the best of both worlds with Wisconsin's unique blend of outdoor recreation and thriving economy, making it a great place to live.

Rental Market Trends

Franklin, WI

As of October 2026, Franklin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Franklin's average rent is 1.6% ($23) lower than the Wisconsin average of $1,451 and 21.5% ($391) lower than the U.S. average of $1,819.

Average Rent
$1,428
Monthly ChangeMonth Over Month Change
Decreased0.2% ($3)
Yearly ChangeYear Over Year Change
Decreased0.8% ($11)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,267 Decreased1.3% ($17) Increased0.6% ($8)
2 Beds $1,583 Increased1.5% ($23) Increased1.9% ($29)
3 Beds $2,078 Decreased2.1% ($45) Decreased11.8% ($278)
Nearby Cities Average Rent Avg. Rent vs. FranklinAverage Rent vs. Franklin Avg. Days on MarketAverage Days on Market
Greendale $1,943 Increased36.1% ($515) 33 days
Hales Corners $1,421 Decreased0.5% ($7) 35 days
Oak Creek $2,064 Increased44.5% ($636) 36 days
South Milwaukee $1,202 Decreased15.8% ($226) 32 days
Cudahy $1,888 Increased32.2% ($460) 33 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, WI.

The average rent in Franklin, WI is $1,428 per month.
Homes in Franklin typically rent for between $887 and $2,701 per month, with an average of $1,428 per month.
In Franklin, the average rent for a 1-bedroom home is $1,267 per month, for a 2-bedroom home, $1,583 per month, and a 3-bedroom home is $2,078 per month.
The average rent in Franklin is 21.5% ($391) lower than the national average of $1,819 per month.
The average rent in Franklin has decreased by 0.2% ($3) in the last month and decreased by 0.8% ($11) over the past year.
The rental market in Franklin, WI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Franklin, WI, the average rental stays on the market for approximately 33 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 6 rental properties available in Franklin, WI.
Based on the current averages, a household would need an annual income of $63,320 to comfortably afford a 2-bedroom home in Franklin.
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