How much does it cost to rent in Franklin, OH?

As of July 2026, the median monthly rent in Franklin, OH is $1,259. This figure is based on aggregated data from public sources and community-submitted rents.

Is Franklin cheaper than other Ohio cities?

Franklin is among the more affordable cities in Ohio, ranking #94 out of 128 cities at $1,259/mo.

When was Franklin rent data last updated?

Franklin rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · OH

Franklin

Name: Average Rent Prices in Franklin, OH
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 11,712·94th most expensive in Ohio·One of the most affordable rental markets in the US

Median rent (all units)

$1,259/mo

Year-over-Year

Stable

Month-over-Month

+3.4%

vs US Median

-$706

Rising (Monthly)

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Most AffordableMost Expensive

Franklin · $1,259

More affordable than 90% of US cities · National median $1,965/mo

Affordability

26% of income

AFFORDABLE

0%30% benchmark60%+

At $1,259/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$50,000/yr

Local median income

$58,587/yr

Based on the 30%-of-income rule using Franklin's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$840

1 BR

$950

2 BR

$1,230

3 BR

$1,630

4 BR+

$1,800

Research median

$1,230/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$15,108/yr

At $1,259/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +3.4% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Franklin, OH is majority owner-occupied, has a median income below the national average, 15.8% of residents hold a bachelor's degree or higher.

Population

11,712

Median income

$58,587

Median age

35.2

Renters

39.3%

Age distribution

20.9%

28.8%

22.7%

15.3%

12.2%

Under 1820.9%

18–3428.8%

35–5422.7%

55–6415.3%

65+12.2%

Gender

50.5%

49.5%

Male50.5%

Female49.5%

Race & ethnicity

87%

White87%

Black3%

Hispanic4.9%

Asian3.7%

Other1.4%

Education (25+)

47.6%

27.2%

15.8%

No HS diploma9.4%

HS diploma47.6%

Some college27.2%

Bachelor's+15.8%

Housing tenure

60.7%

39.3%

Owner60.7%

Renter39.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Franklin, OH has changed in 5 years

Income

$52,750 → $58,587

up 11.1%

Population

11,650 → 11,712

up 0.5%

Renter share

42.6% → 39.3%

-3.3 pts

Bachelor's+

11.4% → 15.8%

+4.4 pts

Median age

36.1 → 35.2

-0.9 yrs

Household income in the area moved from $52,750 to $58,587 across the same window, up 11.1% versus 2021. About 39.3% of households rent today, against 42.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 11.4% to 15.8%.

Community

Discussions about Franklin

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View Franklin rent history (2015–2026) →

Salary vs rent

Can you afford rent in Franklin on your salary?

At $1,259/mo, how Franklin rent compares to typical pay (30% rule).

Registered Nurse

Avg $88,811/yr · Rent = 17% income

very comfortable

Elementary School Teacher

Avg $63,055/yr · Rent = 24% income

affordable

Police Officer

Avg $72,634/yr · Rent = 20.8% income

affordable

Software Developer

Avg $129,823/yr · Rent = 11.6% income

very comfortable

Lawyer

Avg $165,882/yr · Rent = 9.1% income

very comfortable

Firefighter

Avg $59,041/yr · Rent = 25.6% income

affordable

Truck Driver

Avg $53,307/yr · Rent = 28.3% income

affordable

Electrician

Avg $65,706/yr · Rent = 23% income

affordable

By apartment size

Franklin rent by bedroom count

Median rent for each apartment size in Franklin. Click any size for full breakdown.

Local insights

Tips for renters in Franklin

About renting in Franklin, OH

Last updated: July 20, 2026

The median rent in Franklin is $1,259/mo as of July 2026. A studio apartment averages $840/mo while a 2-bedroom runs $1,230/mo. One-bedroom apartments average $950/mo and 3-bedroom units go for $1,630/mo.

At 26% of local median household income ($58,587/yr), Franklin ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Franklin an affordable city for renters?

Franklin is considered affordable for renters. At $1,259/mo, rent takes approximately 26% of the local median household income ($58,587/yr). The standard benchmark is 30%. Franklin falls comfortably within that range.

How much income do you need to rent in Franklin?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,259/mo in Franklin. The local median household income is $58,587/yr, meaning the typical Franklin household meets that threshold.

Is rent going up or down in Franklin?

Rent in Franklin has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Franklin rent compare to other cities in Ohio?

Franklin is one of the more affordable cities in Ohio for rent, ranking #94 out of 128 tracked cities at $1,259/mo.

Which nearby cities are cheaper to rent in than Franklin?

West Carrollton is nearby and more affordable at $1,245/mo, which is $14 less than Franklin.

What percentage of Franklin residents rent vs. own?

According to Census data, approximately 39.3% of Franklin households are renters, while 60.7% are owner-occupied. Franklin leans toward homeownership, which can mean a smaller rental inventory.