Franklin, MI rental market
What is the average rent in Franklin, MI?
Last updated October 27, 2025
Rental market summary
The average rent for all bedrooms and all property types in Franklin, MI is $2,750.
$2,750
+$350
-$1,250
3
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $2,400 to $4,400.
| Rent price | Number of rental properties |
|---|---|
| $2,300 | 1 |
| $2,400 | 1 |
| $2,700 | 1 |
| $4,300 | 1 |
| $4,400+ | 1 |
Average rent price over time
In the last year, rent has decreased by $1,250 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Feb | $800 | $3,700 |
| Mar | $800 | $3,000 |
| Apr | $2,300 | $4,499 |
| Jul | $900 | $4,200 |
| Aug | $2,500 | $3,950 |
| Sep | $6,000 | $3,950 |
| Oct | $2,400 | $4,400 |
| Nov | $4,000 | $3,675 |
| Dec | $1,499 | $4,400 |
Market temperature
The Franklin, MI rental market temperature is HOT. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Franklin, MI is 38% higher than the national average.
$2,750
$2,000
Rent in Franklin, MI
We created a seamless online experience for you - from shopping on the largest rental network, to applying, to paying rent.
Post a rental listing
Rent trends near Franklin, MI
Frequently asked questions
1. What is the average rent in Franklin, MI?
The average rent in Franklin, MI is $2,750.
2. What is the average rent for a three-bedroom apartment in Franklin, MI?
The average rent for a three-bedroom apartment in Franklin, MI is $2,750 per month.
3. How much does it cost to rent a house in Franklin, MI?
Houses in Franklin, MI rent between $2,400 - $4,400 with an average rent of $2,750.
4. How has the rent in Franklin, MI changed in the last year?
In the last year, the rent in Franklin, MI decreased by $1,250
5. How much has the rent in Franklin, MI increased/decreased in the last month?
In the last month, the rent in Franklin, MI increased by $350
6. How many available rentals are there in Franklin, MI?
There are currently 3 rentals available in Franklin, MI.
7. How do rent prices in Franklin, MI compare with the national average?
The average rent in Franklin, MI is $2,750 — 37.5% higher the national average of $2,000.