Franklin, MI rental market
Last updated August 30, 2025
Rental market summary
The average rent for all bedrooms and all property types in Franklin, MI is $4,400.
$4,400
+$725
-$1,600
1
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $4,400 to $4,400.
| Rent price | Number of rental properties |
|---|---|
| $4,300 | 1 |
| $4,400+ | 1 |
Average rent price over time
In the last year, rent has decreased by $1,600 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 | No data |
Market temperature
The Franklin, MI rental market temperature is COOL. 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 110% higher than the national average.
$4,400
$2,100
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Frequently asked questions
1. What is the average rent in Franklin, MI?
The average rent in Franklin, MI is $4,400.
2. How much does it cost to rent a house in Franklin, MI?
Houses in Franklin, MI rent between $4,400 - $4,400 with an average rent of $4,400.
3. How has the rent in Franklin, MI changed in the last year?
In the last year, the rent in Franklin, MI decreased by $1,600
4. 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 $725
5. How many available rentals are there in Franklin, MI?
There are currently 1 rentals available in Franklin, MI.
6. How do rent prices in Franklin, MI compare with the national average?
The average rent in Franklin, MI is $4,400 — 109.52% higher the national average of $2,100.