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 May 2026, Franklin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Franklin's average rent is 2.1% ($30) lower than the Wisconsin average of $1,447 and 20.8% ($372) lower than the U.S. average of $1,789.

Average Rent

$1,417

Monthly ChangeMonth Over Month Change

0.6% ($8)

Yearly ChangeYear Over Year Change

1.6% ($23)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,273	1.1% ($14)	0.6% ($8)
2 Beds	$1,562	1% ($15)	3.2% ($48)
3 Beds	$1,926	0.6% ($11)	0.7% ($13)

Nearby Cities	Average Rent	Avg. Rent vs. FranklinAverage Rent vs. Franklin	Avg. Days on MarketAverage Days on Market
Greendale	$1,802	27.2% ($385)	32 days
Hales Corners	$1,196	15.6% ($221)	32 days
Oak Creek	$1,792	26.5% ($375)	34 days
South Milwaukee	$1,279	9.7% ($138)	29 days
Cudahy	$1,828	29% ($411)	31 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.

What is the average rent in Franklin, WI?

The average rent in Franklin, WI is $1,417 per month.

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

Homes in Franklin typically rent for between $891 and $2,504 per month, with an average of $1,417 per month.

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

In Franklin, the average rent for a 1-bedroom home is $1,273 per month, for a 2-bedroom home, $1,562 per month, and a 3-bedroom home is $1,926 per month.

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

The average rent in Franklin is 20.8% ($372) lower than the national average of $1,789 per month.

How have rent prices in Franklin, WI changed recently?

The average rent in Franklin has decreased by 0.6% ($8) in the last month and decreased by 1.6% ($23) over the past year.

How competitive is the rental market in Franklin, WI?

The rental market in Franklin, WI, 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, WI?

In Franklin, WI, the average rental stays on the market for approximately 32 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, WI?

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

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

Based on the current averages, a household would need an annual income of $62,480 to comfortably afford a 2-bedroom home in Franklin.