Rent in Franklin city, VA at a glance
2-bedroom rent (HUD)
$1,051$12,612 a year · HUD fiscal year 2026From October 1, 2026: $1,032 (−1.8%)How much rent can you afford in Franklin city, VA?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Franklin city, VA by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $811 | $9,732 | $32,440 | $15.60/hr |
| 1 bedroom | $817 | $9,804 | $32,680 | $15.71/hr |
| 2 bedroomsMost searched | $1,051 | $12,612 | $42,040 | $20.21/hr |
| 3 bedrooms | $1,346 | $16,152 | $53,840 | $25.88/hr |
| 4 bedrooms | $1,764 | $21,168 | $70,560 | $33.92/hr |
Cost of living in Franklin city, VA: income, prices and a budget →
Living and working in Franklin city, VA
Rent in Franklin city, VA: common questions
How much is rent going down in Franklin city, VA in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,032 for a two-bedroom, down 1.8% from $1,051. A one-bedroom goes from $817 to $897, a studio from $811 to $874.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Franklin city, VA?
HUD's Fair Market Rent for 2026 is $817 for a one-bedroom and $1,051 for a two-bedroom, utilities included. That is $12,612 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Franklin city, VA?
To keep a $1,051 two-bedroom at 30% of gross pay, one full-time worker needs $20.21 an hour, or $42,040 a year. A one-bedroom at $817 takes $15.71 an hour.
How much is a 1, 2 or 3-bedroom apartment in Franklin city, VA?
At HUD's 2026 Fair Market Rent: studio $811, one bedroom $817, two $1,051, three $1,346 and four $1,764 a month.
Is rent affordable in Franklin city, VA?
For the typical household, earning $63,245 a year ($5,270 a month, Census ACS), a two-bedroom at $1,051 takes 19.9% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,051 × 12) ÷ 0.30 = $42,040. Divided by 2,080 working hours, that is $20.21 an hour.