Rentometer, Inc. | Data as of 10/22/2025
Franklin, Virginia blends historic charm with modern convenience, offering residents a vibrant small‑city atmosphere just a short drive from the bustling Richmond metropolitan area. Known for its beautifully preserved downtown, tree‑lined streets, and a strong sense of community, the city attracts professionals, families, and students alike. With a thriving local economy anchored by healthcare, education, and a growing tech sector, Franklin provides ample employment opportunities while maintaining a relaxed, walkable lifestyle that many renters find appealing.
The rental market in Franklin is dominated by apartments, reflecting a diverse selection of housing styles from contemporary complexes to classic mid‑century buildings. One‑bedroom units typically fall within the $1,000‑$1,300 range, with an average near $1,030 and median values around $1,275, while two‑bedroom apartments tend to sit in the $1,100‑$1,300 bracket, averaging roughly $1,080 and medians near $1,215. These price points make Franklin an attractive option for those seeking affordable yet comfortable living spaces, especially when compared to larger nearby cities. Renters can expect well‑maintained amenities, easy access to public transportation, and proximity to essential services.
Neighborhoods such as the historic downtown district, the Riverwalk community along the Blackwater River, and the newer developments near the Franklin Mall each offer distinct character and conveniences. Residents enjoy easy access to cultural attractions like the historic Carriage Museum, numerous parks, and a lively culinary scene featuring farm‑to‑table restaurants and local breweries. With top‑rated schools, recreational trails, and a strong sense of neighborly pride, Franklin continues to be a desirable destination for renters looking for a balanced blend of affordability, convenience, and small‑town charm.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,029 | $1,137 | $526 - $1,315 | $1,000 - $1,315 |
| Apartment | 2 Bedroom | $1,078 | $1,145 | $597 - $1,425 | $1,075 - $1,425 |
In the current period, the average rent in Franklin was
$1,029 for 1 Bedroom, and
$1,078 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.