Greater Franklin, New Jersey Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Greater Franklin, New Jersey rental market.
Greater Franklin, New Jersey
Average Apartment Rent
$2,239
Y-o-Y Change in Average
Apartment Rent
Infinity%
As of May 2026
Compared to a year ago, Greater Franklin, New Jersey apartments have recorded a Infinity% rent increase.
Greater Franklin, New Jersey Average apartment rent trend
Greater Franklin, New Jersey Average Apartment Rent
Greater Franklin, New Jersey Apartment rent ranges
At 56.96%, apartments priced $1,500 - $2,000 represent the bulk of Greater Franklin, New Jersey rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 12.03%.
Greater Franklin, New Jersey Housing tenure**
Renters take up 41% of Greater Franklin, New Jersey real estate, occupying a total of 910 units, while homeowners live in 1,299 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$82,344
Average household size of renter-occupied housing units**
1.76
Rental vacancy rate**
7.4%
Greater Franklin, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 502 rentals in Greater Franklin, New Jersey with 1 bed making up the highest share of the market, at 55%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 11 units. Overall, the median number of rooms in Greater Franklin, New Jersey homes for rent is 3.8.
Greater Franklin, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Greater Franklin, New Jersey are occupied by residents in the 65 - 74 years age group (40%), followed by those in the 60 - 64 years age group (16%). At the same time, people in the 45 - 54 years age group make up the lowest share of the local rental market – 4%.
Greater Franklin, New Jersey Renter-occupied housing units by family type**
Greater Franklin, New Jersey Renter-occupied housing units by the presence of own children**
A total of 243 apartments for rent in Greater Franklin, New Jersey, or 27% of all rentals are family households. Additionally, 17% of rental homes include children under the age of 18 – that’s 159 units. All in all, the median size of a renter-occupied household in Greater Franklin, New Jersey is 1.76.
Greater Franklin, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 14% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Greater Franklin, New Jersey.
Greater Franklin, New Jersey Renter-occupied units by year structure built**
The highest share of Greater Franklin, New Jersey apartment rentals, namely 46% or 418 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (14%, 127 units), and the ones Built 1950 - 1959 (11%, 98 units).
Greater Franklin, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Greater Franklin, New Jersey renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Greater Franklin, New Jersey condos for rent is 2017.
Greater Franklin, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 56% of Greater Franklin, New Jersey renters have 1 vehicle available per household, 21% of them have No vehicle available, and 12% have 2 vehicles available.
Greater Franklin, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Greater Franklin, New Jersey Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Greater Franklin, New Jersey apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
