2-Bedroom Apartment Rent in Franklin, KY
Median asking rent for a 2-bedroom apartment in Franklin, Kentucky as of June 2026. That's +35% lower than the citywide median of $1,350 and +47% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Franklin
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Franklin
Compare Franklin's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Kentucky
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Morehead | $870 |
| 2 | Franklin (this page) | $876 |
| 3 | Bardstown | $920 |
| 4 | Richmond | $950 |
| 5 | Radcliff | $1,010 |
| 6 | Lawrenceburg | $1,020 |
| 7 | Paducah | $1,050 |
| 8 | Nicholasville | $1,060 |
| 9 | Paris | $1,060 |
| 10 | Versailles | $1,060 |
| 11 | Winchester | $1,060 |
| 12 | Murray | $1,080 |
| 13 | Hopkinsville | $1,130 |
| 14 | Elizabethtown | $1,140 |
| 15 | Georgetown | $1,140 |
Most expensive cities for a 2-bedroom in Kentucky
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Prospect | $2,000 |
| 2 | Hebron | $1,670 |
| 3 | Burlington | $1,580 |
| 4 | Independence | $1,500 |
| 5 | Florence | $1,430 |
| 6 | Louisville | $1,408 |
| 7 | La Grange | $1,370 |
| 8 | Vine Grove | $1,360 |
| 9 | Erlanger | $1,300 |
| 10 | Fort Thomas | $1,290 |
| 11 | Lexington | $1,261 |
| 12 | Fort Wright | $1,236 |
| 13 | Shepherdsville | $1,230 |
| 14 | Oak Grove | $1,200 |
| 15 | Covington | $1,200 |
Nearby cities — 2-bedroom rent
Most nearby cities have similar or higher 2-bedroom rents than Franklin.
| City | Distance | 2-Bedroom rent | vs Franklin |
|---|---|---|---|
| Frankfort, KY | 1.2 mi | $1,180 | +$304 (+35%) |
| Versailles, KY | 19 mi | $1,060 | +$184 (+21%) |
| Lawrenceburg, KY | 19.4 mi | $1,020 | +$144 (+16%) |
| Georgetown, KY | 21.6 mi | $1,140 | +$264 (+30%) |
| Shelbyville, KY | 23.8 mi | $1,180 | +$304 (+35%) |
| Lexington, KY | 30.1 mi | $1,261 | +$385 (+44%) |
| Nicholasville, KY | 33.2 mi | $1,060 | +$184 (+21%) |
| La Grange, KY | 39.1 mi | $1,370 | +$494 (+56%) |
| Paris, KY | 44 mi | $1,060 | +$184 (+21%) |
| Prospect, KY | 50.9 mi | $2,000 | +$1,124 (+128%) |
| Richmond, KY | 50.9 mi | $950 | +$74 (+8%) |
| Bardstown, KY | 51.8 mi | $920 | +$44 (+5%) |
2-Bedroom rent in Franklin — common questions
How much is a 2-bedroom apartment in Franklin?
As of June 2026, the median 2-bedroom apartment rent in Franklin, Kentucky is $876 per month. This is +35% below the citywide median of $1,350.
What income do you need to afford a 2-bedroom in Franklin?
Using the standard 30% rent-to-income rule, you would need an annual income of about $35,040 ($2,920/month gross), which works out to roughly $16.85/hour at a full-time job.
Is Franklin expensive for a 2-bedroom compared to the rest of the US?
Franklin's 2-bedroom median of $876 is +47% below the national 2-bedroom median of $1,655. It ranks in the 1th percentile of US cities tracked.
How does Franklin rank for 2-bedroom rent in Kentucky?
Among the 38 cities in Kentucky with 2-bedroom data, Franklin ranks #2 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Franklin?
Most nearby cities have similar or higher 2-bedroom rents than Franklin.