Apartments & Homes for Rent in 23851

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What to Know About

Life in Franklin & Beyond

Franklin shares many of the great qualities that make Virginia a desirable place to live.

Virginia, where history and modernity seamlessly merge, is home to some of the most significant historical sites in the country. Take a trip back in time and explore the Colonial Williamsburg living history museum, which transports visitors to the 18th century, or wander through the cobblestone streets of Old Town Alexandria. Major universities in Virginia, like the University of Virginia and Virginia Tech, are renowned for their academic excellence. In addition, the state's diverse and growing economy, supported by thriving technology, agriculture, and tourism industries, offers ample employment opportunities.

Outdoor enthusiasts can enjoy a wide range of activities, including hiking and camping in the Blue Ridge Mountains, fishing and boating in the Chesapeake Bay, and skiing in the winter. Sports fans will be thrilled with the exciting college sports games, and families will love visiting famous attractions like the Virginia Beach Boardwalk and the Natural Bridge.

With its stunning natural landscapes, deep historical roots, and thriving economy, Virginia is a great place to live for those who appreciate the unique charm and heritage of the south.

Rental Market Trends

Franklin, VA

As of April 2025, Franklin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Franklin's average rent is 26.5% ($498) lower than the Virginia average of $1,878 and 23.3% ($419) lower than the U.S. average of $1,799.

Average Rent
$1,380
Monthly ChangeMonth Over Month Change
Increased1% ($13)
Yearly ChangeYear Over Year Change
Increased17.9% ($210)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,172 Decreased0.7% ($8) Increased35.6% ($308)
2 Beds $1,383 Increased1.1% ($15) Increased37.7% ($379)
3 Beds $1,542 Increased1.7% ($26) Increased30.9% ($364)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Franklin Rental Market FAQs

Explore rental prices, market trends, and availability in Franklin, VA.

The average rent in Franklin, VA is $1,380 per month.
Homes in Franklin typically rent for between $820 and $2,005 per month, with an average of $1,380 per month.
In Franklin, the average rent for a 1-bedroom home is $1,172 per month, for a 2-bedroom home, $1,383 per month, and a 3-bedroom home is $1,542 per month.
The average rent in Franklin is 23.3% ($419) lower than the national average of $1,799 per month.
The average rent in Franklin has increased by 1.0% ($13) in the last month and increased by 17.9% ($210) over the past year.
The rental market in Franklin, VA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Franklin, VA, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Franklin, VA.
Based on the current averages, a household would need an annual income of $55,320 to comfortably afford a 2-bedroom home in Franklin.
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