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Apartments for Rent in Franklin, WI

Showing 7 rentals in Franklin, then 13 more within 25 miles, nearest first.
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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

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As of October 2026, Franklin's rental market is competitive, with rentals spending about 33 days on the market, faster than in Wisconsin (36), and rents about flat over the past year. Franklin's average rent is 6.1% ($92) higher than the Wisconsin average of $1,506 and 23.2% ($484) lower than the U.S. average of $2,082.

Average Rent
$1,598
Monthly ChangeMonth Over Month Change
Flat
Yearly ChangeYear Over Year Change
Decreased0.2% ($3)
Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,299 Decreased0.24% ($3) Decreased1.4% ($19)
2 Beds $1,648 Increased0.22% ($4) Increased0.7% ($11)
3 Beds $2,177 Decreased0.29% ($6) Decreased0.9% ($21)
Nearby Cities Average Rent Avg. Rent vs. FranklinAverage Rent vs. Franklin Days on Market
Greendale $1,668 Increased4.4% ($70) 35 days
Hales Corners $1,556 Decreased2.6% ($42) 34 days
Oak Creek $2,017 Increased26.2% ($419) 34 days
Franksville $1,649 Increased3.2% ($51) 36 days
South Milwaukee $1,230 Decreased23.0% ($368) 34 days
Based on rentals advertised on RentalSource in and around Franklin.
Frequently Asked Questions
Franklin Rental Market FAQs

Explore rental prices, market conditions, and affordability in Franklin, WI.

The average rent in Franklin, WI is about $1,598 per month.
In Franklin, the average rent is about $1,299 per month for a 1-bedroom apartment, about $1,648 for a 2-bedroom apartment and about $2,177 for a 3-bedroom apartment.
The average rent in Franklin is 23.2% ($484) lower than the national average of $2,082 per month.
The rental market in Franklin, WI is currently competitive, with rentals spending about 33 days on the market, faster than in Wisconsin (36), and rents about flat over the past year.
Based on the current averages, a household would need an annual income of about $65,900 to comfortably afford a 2-bedroom apartment in Franklin.
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