Franklin, TN Rental Market
Franklin is one of the most affluent suburbs in Tennessee, located 20 miles south of Nashville along the I-65 corridor. The Cool Springs business district is home to dozens of major corporate headquarters including Community Health Systems, Tractor Supply, and Nissan North America. Franklin's top-rated Williamson County schools, master-planned communities, and premium lifestyle amenities draw high-income families and corporate transferees, commanding the highest rents outside Nashville proper.
Get a rent estimate for an address in FranklinAverage Rent in Franklin, TN
$1,950
per month · 2026-06
Market Score
Key Facts — Franklin, TN Rental Market
- Average rent in Franklin, TN:$1,950/mo
- Median rent:$1,794/mo
- Rent range:$975 – $4,300/mo
- Most common rental (2 bedrooms):$1,725/mo
- Active listings:480
- Avg days to lease:24 days
- Year-over-year change:+4.2%
- Median home value:$480,000
- Est. gross annual yield:4.9%
- Data as of:2026-06
Rent by Bedroom in Franklin, TN
Average monthly rent for each bedroom type based on current active listings in Franklin.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,400/mo |
2 Bedrooms | $1,725/mo |
3 Bedrooms | $2,175/mo |
4 Bedrooms | $2,700/mo |
5 Bedrooms | $3,075/mo |
Franklin Rental Market Statistics
Key indicators from the current Franklin, TN rental market.
480
Available now in Franklin
24
From list to lease
$1.39
Average across listings
1,400 sq ft
Typical rental size
$975 – $4,300
Min to max active listings
+4.2%
Avg rent vs. prior year
Investing in Franklin, TN Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$480,000
Typical purchase price in Franklin
Est. Gross Annual Yield
4.9%
Before expenses & vacancy
Avg Monthly Income
$1,950
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Franklin for a full cash-flow breakdown including all costs.
Franklin, TN Rental Market FAQ
Common questions about renting and investing in Franklin, TN.
What is the average rent in Franklin, TN?
The average rent in Franklin, TN is $1,950 per month as of 2026 — the highest of any Nashville suburb. Three-bedroom homes average $2,175/mo, and four-bedrooms average $2,700/mo. Franklin's premium rents reflect its top-ranked schools, corporate employment base, and affluent community character.
Is Franklin, TN a good place to invest in rental property?
Franklin offers a 4.9% estimated gross yield — lower than other TN markets due to high home values — but excels in tenant quality, low vacancy, and consistent appreciation. High-income corporate tenants from Cool Springs employers, combined with Williamson County's desirability, make Franklin ideal for appreciation-focused investors.
What drives rental demand in Franklin, TN?
Franklin's rental demand is anchored by the Cool Springs corporate corridor, which hosts headquarters and major offices for Community Health Systems, Tractor Supply Co., Nissan North America, and many others. Relocating executives and corporate transferees who want to evaluate the area before buying make up a significant share of the tenant pool, supporting demand for high-quality single-family rentals.
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