Why Live in Franklin Square
Franklin Square, NY, a post-war suburb in Nassau County, has evolved into a close-knit bedroom community just 3 miles east of Queens. The area is characterized by single-family homes, including Cape Cods, ranch-style houses, and larger colonials and bi-levels, with extensive sidewalks that encourage walking. The crime rate is lower than the national average, contributing to its appeal. The Franklin Square Union Free School District is known for its strong music education program, with Polk Street School and H. Frank Carey High School both receiving high ratings. Rath Park serves as the community's social hub, offering a public pool, playground, and sports courts, while the Franklin Square Historical Museum provides a glimpse into local history. For those seeking things to do, the area features diverse dining options along Hempstead Turnpike and Franklin Avenue, including family-owned Italian restaurants and German food halls. Public transit options include NICE buses and the Long Island Rail Road, making commuting to New York City convenient. The community spirit is evident in events like the Franklin Square Little League's opening day parade and seasonal celebrations.
Frequently Asked Questions
How much does it cost to rent a home in Franklin Square, NY?
The median rent for a home in Franklin Square, NY is $3,800 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 Square, NY?
To comfortably afford the median rent in Franklin Square, NY, a household needs to earn roughly $152,000 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 $3,800 per month in Franklin Square, NY, renters typically need to show $11,400 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 Square, NY?
In Franklin Square, NY, the price-to-rent ratio is 17.4, 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.
There are currently 1 homes available for rent in Franklin Square, NY. The median rent is $3,800 per month, with single-family homes renting at $4,625, townhouses at $2,350 and condos at $2,200.
Number of Homes for Rent
1
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Median Single Family Home Rent
$4,625
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Median Townhouse Rent
$2,350
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