Franklin, MI rental market
What is the average rent in Franklin, MI?
Rental market summary
The average rent for all bedrooms and all property types in Franklin, MI is $4,800.
Average rent
$4,800
Month-over-month change
+$2,100
Year-over-year change
+$2,400
Available rentals
3
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $2,500 to $7,000.
| Rent price | Number of rental properties |
|---|---|
| $2,400 | 1 |
| $2,500 | 1 |
| $4,700 | 1 |
| $4,800 | 1 |
| $5,000+ | 1 |
Average rent price over time
In the last year, rent has increased by $2,400 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $3,700 | $2,100 |
| Feb | $3,000 | $4,400 |
| Mar | $4,499 | $1,399 |
| Apr | $4,200 | $3,300 |
| May | $3,950 | $2,800 |
| Jun | $3,950 | $2,600 |
| Jul | $4,400 | $2,800 |
| Aug | $3,675 | $2,800 |
| Sep | $4,400 | $2,500 |
| Oct | $2,400 | No data |
| Nov | $2,750 | No data |
| Dec | $2,750 | No data |
Market temperature
The Franklin, MI rental market temperature is WARM. 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 140% higher than the national average.
$4,800
$2,000
Rent in Franklin, MI
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Frequently asked questions
1. What is the average rent in Franklin, MI?
2. What is the average rent for a three-bedroom apartment in Franklin, MI?
3. What is the average rent for a four-bedroom apartment in Franklin, MI?
4. How much does it cost to rent a house in Franklin, MI?
5. How has the rent in Franklin, MI changed in the last year?
6. How much has the rent in Franklin, MI increased/decreased in the last month?
7. How many available rentals are there in Franklin, MI?
8. How do rent prices in Franklin, MI compare with the national average?
