3-Bedroom Apartment Rent in Franklin, KY
Median asking rent for a 3-bedroom apartment in Franklin, Kentucky as of June 2026. That's +16% lower than the citywide median of $1,350 and +47% below the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Kentucky
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Morehead | $1,110 |
| 2 | Franklin (this page) | $1,132 |
| 3 | Bardstown | $1,270 |
| 4 | Paducah | $1,270 |
| 5 | Murray | $1,300 |
| 6 | Richmond | $1,330 |
| 7 | Lawrenceburg | $1,370 |
| 8 | Radcliff | $1,420 |
| 9 | Bowling Green | $1,433 |
| 10 | Nicholasville | $1,440 |
| 11 | Paris | $1,440 |
| 12 | Versailles | $1,440 |
| 13 | Winchester | $1,440 |
| 14 | Owensboro | $1,530 |
| 15 | Frankfort | $1,540 |
Most expensive cities for a 3-bedroom in Kentucky
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Prospect | $2,580 |
| 2 | Hebron | $2,210 |
| 3 | Burlington | $2,100 |
| 4 | Independence | $1,990 |
| 5 | Florence | $1,900 |
| 6 | Vine Grove | $1,870 |
| 7 | Louisville | $1,818 |
| 8 | La Grange | $1,770 |
| 9 | Erlanger | $1,720 |
| 10 | Lexington | $1,713 |
| 11 | Fort Thomas | $1,710 |
| 12 | Oak Grove | $1,680 |
| 13 | Elizabethtown | $1,600 |
| 14 | Fort Wright | $1,598 |
| 15 | Shepherdsville | $1,590 |
Nearby cities — 3-bedroom rent
Most nearby cities have similar or higher 3-bedroom rents than Franklin.
| City | Distance | 3-Bedroom rent | vs Franklin |
|---|---|---|---|
| Frankfort, KY | 1.2 mi | $1,540 | +$408 (+36%) |
| Versailles, KY | 19 mi | $1,440 | +$308 (+27%) |
| Lawrenceburg, KY | 19.4 mi | $1,370 | +$238 (+21%) |
| Georgetown, KY | 21.6 mi | $1,550 | +$418 (+37%) |
| Shelbyville, KY | 23.8 mi | $1,540 | +$408 (+36%) |
| Lexington, KY | 30.1 mi | $1,713 | +$581 (+51%) |
| Nicholasville, KY | 33.2 mi | $1,440 | +$308 (+27%) |
| La Grange, KY | 39.1 mi | $1,770 | +$638 (+56%) |
| Paris, KY | 44 mi | $1,440 | +$308 (+27%) |
| Prospect, KY | 50.9 mi | $2,580 | +$1,448 (+128%) |
| Richmond, KY | 50.9 mi | $1,330 | +$198 (+17%) |
| Bardstown, KY | 51.8 mi | $1,270 | +$138 (+12%) |
3-Bedroom rent in Franklin — common questions
How much is a 3-bedroom apartment in Franklin?
As of June 2026, the median 3-bedroom apartment rent in Franklin, Kentucky is $1,132 per month. This is +16% below the citywide median of $1,350.
What income do you need to afford a 3-bedroom in Franklin?
Using the standard 30% rent-to-income rule, you would need an annual income of about $45,280 ($3,773/month gross), which works out to roughly $21.77/hour at a full-time job.
Is Franklin expensive for a 3-bedroom compared to the rest of the US?
Franklin's 3-bedroom median of $1,132 is +47% below the national 3-bedroom median of $2,130. It ranks in the 1th percentile of US cities tracked.
How does Franklin rank for 3-bedroom rent in Kentucky?
Among the 37 cities in Kentucky with 3-bedroom data, Franklin ranks #2 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Franklin?
Most nearby cities have similar or higher 3-bedroom rents than Franklin.