Rent in Franklin County, VA at a glance
2-bedroom rent (HUD)
$944$11,328 a year · HUD fiscal year 2026From October 1, 2026: $1,080 (+14.4%)How much rent can you afford in Franklin County, 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 County, 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 | $771 | $9,252 | $30,840 | $14.83/hr |
| 1 bedroom | $861 | $10,332 | $34,440 | $16.56/hr |
| 2 bedroomsMost searched | $944 | $11,328 | $37,760 | $18.15/hr |
| 3 bedrooms | $1,313 | $15,756 | $52,520 | $25.25/hr |
| 4 bedrooms | $1,584 | $19,008 | $63,360 | $30.46/hr |
Cost of living in Franklin County, VA: income, prices and a budget →
Living and working in Franklin County, VA
Rent in Franklin County, VA: common questions
How much is rent going up in Franklin County, VA in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,080 for a two-bedroom, up 14.4% from $944. A one-bedroom goes from $861 to $987, a studio from $771 to $949.
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, VA?
HUD's Fair Market Rent for 2026 is $861 for a one-bedroom and $944 for a two-bedroom, utilities included. That is $11,328 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, VA?
To keep a $944 two-bedroom at 30% of gross pay, one full-time worker needs $18.15 an hour, or $37,760 a year. A one-bedroom at $861 takes $16.56 an hour.
How much is a 1, 2 or 3-bedroom apartment in Franklin County, VA?
At HUD's 2026 Fair Market Rent: studio $771, one bedroom $861, two $944, three $1,313 and four $1,584 a month.
Is rent affordable in Franklin County, VA?
For the typical household, earning $68,849 a year ($5,737 a month, Census ACS), a two-bedroom at $944 takes 16.5% 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: ($944 × 12) ÷ 0.30 = $37,760. Divided by 2,080 working hours, that is $18.15 an hour.