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Studio Apartment for Rent in Franklin, MA

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    $850 Plus Fees

    • Studio
    • 1 Bath
    • 255 Sq Ft
    • Condo for Rent

    36 E Central St Unit 107, Franklin, MA 02038

    Need to work outside of your home? Professional 255SF Office/Retail Space for small business available now. Very bright and comfortable space. This unit is facing the parking lot and has windows to the outside. Shared waiting area, restrooms and kitchenette are convenient for all. Lease includes heat and electricity, you pay for your internet/cable connection. Schedule a showing to see for

    36 E Central St Unit 107, Franklin, MA 02038

Why Live in Franklin

Franklin, Massachusetts, named after Benjamin Franklin, is a suburban area with a population of about 33,000 residents. Located 40 miles from Boston and Worcester, and 30 miles from Providence, Franklin maintains a small-town feel with a modest downtown district and long-standing traditions like the Annual Harvest Festival. The Franklin Public School District is highly rated, and high school students can apply for the Franklin Arts Academy or participate in Division 1 sports. Dean College, a private four-year university, is also located in Franklin. The town features a mix of colonial, raised ranch-style houses, bungalows, townhouses, and condo buildings, with homes primarily built in the late-19th and early-20th centuries.

Franklin offers a variety of things to do, including performances at the Black Box performing arts theater and the Dean College Main Stage Theater. The Franklin School of Performing Arts also hosts productions. Outdoor enthusiasts can explore the Franklin State Forest, DelCarte Conservation Area, and the Southern New England Trunkline Trail, which connects Franklin with nearby towns. Main Street features locally owned cafes, restaurants, and shops, while larger shopping centers are located off West Central Street. Interstate 495 provides easy access to Boston and Worcester, and commuter rails reach Boston’s South Station in about an hour. The overall crime rate in Franklin is lower than the statewide rate, and winters can be snowy, requiring residents to shovel their sidewalks within 12 hours of snowfall.

Frequently Asked Questions

How much does it cost to rent a home in Franklin, MA?
The median rent for a home in Franklin, MA is $2,400 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Franklin, MA?
To comfortably afford the median rent in Franklin, MA, a household needs to earn roughly $96,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,400 per month in Franklin, MA, renters typically need to show $7,200 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Franklin, MA?
In Franklin, MA, the price-to-rent ratio is 22.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,400
Median Single Family Home Rent
$2,600
Median Townhouse Rent
$2,400
Median Condo Rent
$1,850
How to Rent a Home