Franklin Square 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 Square is about $1,833 per month. This puts it in the 89th percentile compared to the state average cost of rent, which is $1,514. Households in Franklin Square have a median income of $10,106 per month so the average renter in Franklin Square is spending roughly 18% of their earnings on housing.
Nationally, and in Franklin Square, home values are the data point most closely correlated with the cost of rent. The median price of a home in Franklin Square is $566,762 right now, which is lower than nearby cities, meaning that rents in Franklin Square also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Franklin Square while lower rent rates are often available in western areas.
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