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Rent Prices in Franklin, WI
Median gross rent (rent plus utilities) by number of bedrooms. American Community Survey 2020-2024 5-year estimates.
- Median rent
- $1,458/mo
- Wisconsin $1,087/mo
- 2-bedroom median rent
- $1,647/mo
- Wisconsin $1,106/mo
- Renters paying 30%+ of income
- 52.4%
- Wisconsin 43.7%
- Renter households
- 3,215
- Wisconsin 797,266
Median rent by number of bedrooms
Gross rent: contract rent plus utilities
| Bedrooms | Median rent |
|---|---|
| Studio (no bedroom) | $921/mo |
| 1 bedroom | $1,055/mo |
| 2 bedrooms | $1,647/mo |
| 3 bedrooms | $1,683/mo |
| 4 bedrooms | Not reported |
| 5 or more bedrooms | Not reported |
Rent as a share of income
Renter households where the share could be computed
- Pay 30% or more of income1,64052.4%
- Pay 50% or more of income96830.9%
The median renter household spends 32.0% of its income on rent.
HUD Fair Market Rent, fiscal year 2027
Milwaukee-Waukesha, WI MSA
2 bedrooms: $1,263/mo. HUD Fair Market Rent is used for housing assistance and is not an asking rent.
How it compares
Swipe the table sideways to see more columns.
| Area | Median rent | 1 bedroom | 2 bedrooms | 3 bedrooms | Renters paying 30%+ of income |
|---|---|---|---|---|---|
| Franklin, WI | $1,458/mo | $1,055/mo | $1,647/mo | $1,683/mo | 52.4% |
| Milwaukee County | $1,101/mo | $927/mo | $1,130/mo | $1,280/mo | 48.4% |
| Wisconsin | $1,087/mo | $909/mo | $1,106/mo | $1,290/mo | 43.7% |
| United States | $1,413/mo | $1,235/mo | $1,407/mo | $1,584/mo | 51.1% |
Frequently asked questions
- What is the median rent in Franklin, WI?
- The median gross rent in Franklin, WI is $1,458 a month, and a typical 2-bedroom rents for $1,647/mo.
- How does Franklin compare with Wisconsin?
- The median rent in Franklin is $1,458/mo, compared with $1,087/mo for Wisconsin as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates