Rent in Franklin County, TN at a glance
2-bedroom rent (HUD)
$980$11,760 a year · HUD fiscal year 2026From October 1, 2026: $1,060 (+8.2%)How much rent can you afford in Franklin County, TN?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Franklin County, TN 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 | $742 | $8,904 | $29,680 | $14.27/hr |
| 1 bedroom | $747 | $8,964 | $29,880 | $14.37/hr |
| 2 bedroomsMost searched | $980 | $11,760 | $39,200 | $18.85/hr |
| 3 bedrooms | $1,307 | $15,684 | $52,280 | $25.13/hr |
| 4 bedrooms | $1,622 | $19,464 | $64,880 | $31.19/hr |
Cost of living in Franklin County, TN: income, prices and a budget →
Living and working in Franklin County, TN
Rent in Franklin County, TN: common questions
How much is rent going up in Franklin County, TN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,060 for a two-bedroom, up 8.2% from $980. A one-bedroom goes from $747 to $810, a studio from $742 to $805.
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 County, TN?
HUD's Fair Market Rent for 2026 is $747 for a one-bedroom and $980 for a two-bedroom, utilities included. That is $11,760 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 County, TN?
To keep a $980 two-bedroom at 30% of gross pay, one full-time worker needs $18.85 an hour, or $39,200 a year. A one-bedroom at $747 takes $14.37 an hour.
How much is a 1, 2 or 3-bedroom apartment in Franklin County, TN?
At HUD's 2026 Fair Market Rent: studio $742, one bedroom $747, two $980, three $1,307 and four $1,622 a month.
Is rent affordable in Franklin County, TN?
For the typical household, earning $63,494 a year ($5,291 a month, Census ACS), a two-bedroom at $980 takes 18.5% 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: ($980 × 12) ÷ 0.30 = $39,200. Divided by 2,080 working hours, that is $18.85 an hour.