Franklin Plantation renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Franklin Plantation is about $1,417 per month. This puts it in the 42nd percentile compared to the city average cost of rent, which is $1,268. Households in Franklin Plantation have a median income of $5,357 per month so the average renter in Franklin Plantation is spending roughly 26% of their earnings on housing.
Nationally, and in Franklin Plantation, home values are the data point most closely correlated with the cost of rent. The median price of a home in Franklin Plantation is $264,515 right now, which is higher than nearby neighborhoods, meaning that rents in Franklin Plantation also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of Franklin Plantation while lower rent rates are often available in central areas.
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