Rentometer, Inc. | Data as of 10/22/2025
Franklin, Wisconsin, blends historic charm with modern convenience, making it a soughtâafter city for renters seeking a vibrant yet tranquil lifestyle. The wellâpreserved downtown district offers boutique shops, lively restaurants, and cultural venues, while nearby neighborhoods such as Franklin Village and Riverbend provide quiet, treeâlined streets perfect for families and professionals alike. Proximity to the Fox River, extensive park systems, and easy access to Milwaukeeâs employment centers enhance the cityâs appeal, positioning Franklin as a strategic hub for both single occupants and growing households.
The local rental market reflects this desirability, featuring a balanced mix of contemporary apartments and spacious singleâfamily homes. Oneâbedroom apartments typically rent in the $1400s, with median rates hovering around $1500, while twoâbedroom units commonly fall within the $1700s range. Larger threeâbedroom apartments see median rents near $2800, offering ample space for roommates or small families. For those seeking a house, threeâbedroom homes command median rents in the $2850 range, and larger fourâplusâbedroom residences are generally listed in the $3000 bracket, underscoring the availability of premium familyâfriendly options.
Beyond housing, Franklin boasts excellent schools, wellâmaintained bike trails, and a variety of community events that foster a strong neighborhood spirit. Convenient transit routes connect residents to major highways and the Milwaukee commuter rail, simplifying daily commutes. Whether youâre drawn by the historic allure of Main Street, the outdoor recreation along the river, or the diverse rental inventory, Franklinâs rental market offers a welcoming environment for anyone looking to call this Wisconsin city home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,386 | $1,500 | $600 - $1,838 | $1,128 - $1,725 |
| Apartment | 2 Bedroom | $1,705 | $1,690 | $950 - $2,425 | $1,500 - $2,001 |
| Apartment | 3 Bedroom | $2,562 | $2,577 | $2,200 - $2,895 | $2,360 - $2,895 |
| House | 3 Bedroom | $2,891 | $2,850 | $1,800 - $3,995 | $2,495 - $3,499 |
| House | 4+ Bedroom | $2,799 | $2,897 | $2,000 - $3,400 | $2,600 - $3,000 |
In the current period, the average rent in Franklin was
$1,386 for 1 Bedroom,
$1,688 for 2 Bedroom,
$2,822 for 3 Bedroom, and
$2,799 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.