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Newest Homes for Rent in Franklin, NJ

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  • /16

    Starting at $2,654 Per Month

    • 1 - 2 Beds

    199 Pierce St, Somerset, NJ 08873

    Contemporary 1 and 2 bedroom apartments with oversized floorplans featuring 9-foot ceilings, large kitchens with stainless steel, Whirlpool appliances and abundant counterspace and cabinetry, extra-large walk-in closets, and flexible living areas such as dining spaces, patio/balconies, or solariums that can be used as a home office or den, located on a meticulously landscaped 22-acre campus with

    AVE Somerset

    (908) 860-8958

    199 Pierce St, Somerset, NJ 08873
  • /34

    Starting at $2,445 Per Month

    • 1 - 2 Beds

    200 Green Hill Manor Dr, Franklin Park, NJ 08823

    Bringing a new dimension to rental residential living, Green Hill Manor offers modern and gracious one and two bedroom models in a community that redefines apartment living. Elegant apartments and outstanding amenities create an environment of unparalleled comfort, raising the bar on luxury rental living. Community life is enhanced by a beautifully designed clubhouse featuring a fitness center,

    Green Hill Luxury Rentals

    (609) 853-5661

    200 Green Hill Manor Dr, Franklin Park, NJ 08823
  • /81

    Starting at $2,120 Per Month

    • 1 - 3 Beds

    1 John F. Kennedy Blvd, Somerset, NJ 08873

    The Park at Franklin is the perfect balance of suburban living with the convenience of an urban lifestyle. Close to fine dining, shopping and entertainment, you won't need to go far to enjoy all of what highly sought after Franklin Township has to offer. Easy access to major highways including Route 287, Garden State Parkway and New Jersey Turnpike will make your commute a breeze. Our community

    The Park at Franklin

    (848) 359-5616

    1 John F. Kennedy Blvd, Somerset, NJ 08873
  • /23

    Starting at $2,285 Per Month

    • 1 - 3 Beds

    100 Rutgers Blvd, Somerset, NJ 08873

    These new townhouse style apartments are over-sized and provide lots of extra space with either a finished loft or large basement with finished room. They also boast ample closets, granite & stainless steel appliances in the kitchens, balconies, full size washer and dryer, Energy Star design, security systems and ceramic tile baths and hardwood floors. In addition to beautifully finished

    Summerfields Lofts

    (848) 305-2599

    100 Rutgers Blvd, Somerset, NJ 08873
  • /13

    Starting at $1,929 Per Month

    • 1 - 2 Beds

    1470 Oak Tree Dr, North Brunswick, NJ 08902

    Georgetown Apartments has the quiet atmosphere of country living that you have been searching for and the convenience of being located just off Route 27. We are on the NJ Bus Line close to New Brunswick and Princeton and minutes from Routes 1 & 18, the New Jersey Turnpike and the Garden State Parkway. Once inside your new apartment home, you will find spacious rooms - even an eat-in kitchen -

    Georgetown Apartments

    (732) 338-0898

    1470 Oak Tree Dr, North Brunswick, NJ 08902
  • /19

    Starting at $1,979 Per Month

    • 1 Bed

    462 Hamilton St, Somerset, NJ 08873

    Located in a park-like setting in Somerset, NJ, but never too far from the action, Douglass Gardens Apartments offers affordable one and two bedroom apartments that truly have something for everyone. With newly renovated kitchens that include energy-efficient appliances, tasteful ceramic-tiled bathrooms, and air conditioning in every apartment, we pride ourselves on offering a welcoming

    Douglass Gardens

    (848) 305-1806

    462 Hamilton St, Somerset, NJ 08873
  • /24

    Starting at $2,004 Per Month

    • 1 - 2 Beds

    607 Kingston Terrace, Princeton, NJ 08540

    Discover the Charm of Kingston Terrace in Princeton, NJ. Nestled in a sought-after Blue Ribbon School District, our garden apartments are fully equipped for your comfort. Centrally located in Princeton, we're a mere 10 minutes from Princeton University and adjacent to Route 27, offering seamless access to the vibrant Route 1 Corridor. From eclectic shopping and dining experiences to accessible

    Kingston Terrace

    (609) 336-4682

    607 Kingston Terrace, Princeton, NJ 08540
  • /23

    Starting at $3,195 Per Month

    • 2 - 3 Beds

    1800 Fir Ct, Somerset, NJ 08873

    Cedar Manor Luxury Rental Homes brings a new dimension to residential rental living. Offering modern and spacious floorplans in quiet enclaves, Cedar Manor redefines apartment living and is a great alternative to homeownership. Elegant appointments and outstanding amenities create an environment of unparalleled comfort, raising the bar on luxury rental living. Community life is enhanced by a

    Cedar Manor

    (732) 412-3728

    1800 Fir Ct, Somerset, NJ 08873
  • /26

    Starting at $2,445 Per Month

    • 2 - 3 Beds

    265 Franklin Blvd, Somerset, NJ 08873

    * Gracious living and savings galore! These newly-renovated, garden-style apartments in prestigious Franklin Township, boast incomparable living, unparalleled convenience, and just-in-time savings in this tough economy! If you're ready to take a break from the hustle of city living, then The Arbors at Franklin Township is just the place for you! Everything about this community says home. Enjoy

    The Arbors At Franklin

    (908) 293-7448

    265 Franklin Blvd, Somerset, NJ 08873
  • /18

    Starting at $1,860 Per Month

    • 1 - 2 Beds

    7 Hempstead Dr, Somerset, NJ 08873

    Tucked away in Franklin Township, Hempstead Gardens, a pet free community, offers perfect apartment style living. We provide the seclusion of a comfortable suburban community with easy access to major corporations, great shopping malls, wonderful restaurants and excellent schools. Enjoy our beautifully landscaped setting with friendly neighbors and professional on-site management. Our location is

    Hempstead Gardens

    (848) 216-8851

    7 Hempstead Dr, Somerset, NJ 08873
  • /26

    Starting at $1,995 Per Month

    • 1 - 2 Beds

    1100 Village Dr, Somerset, NJ 08873

    Striking floorplans with spacious rooms, private entrances, patios and balconies, and closet space galore make Carriage Run Apartments & Townhomes unique. Pet friendly management and amenities such as a swimming pool and individually controlled heating and air conditioning add to the comfort you'll find. Call us for more details!

    Carriage Run Apartments & Townhomes

    (848) 800-2489

    1100 Village Dr, Somerset, NJ 08873
  • /28

    Starting at $2,095 Per Month

    • 1 - 2 Beds

    2811 Holland Dr, Somerset, NJ 08873

    Whitehall Gardens features 384 one and two bedroom residences rising in the Somerset County town of Somerset, New Jersey. Residences at Whitehall Gardens range from 760 to 1,070 square feet of living space and boast a number of appointments including a dishwasher, refrigerator, oven, washer and dryer, carpeting and hardwood flooring, central air conditioning, walk-in closet, patio or balcony (per

    Whitehall Gardens

    (848) 305-2353

    2811 Holland Dr, Somerset, NJ 08873
  • /23

    $2,700 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,160 Sq Ft
    • Condo for Rent

    90 Almond Dr, Somerset, NJ 08873

    Welcome to this bright, clean, and move-in ready 2-bedroom Townhome in the popular Quail brook community. This home features a spacious open-concept living and dining area, two generously sized bedrooms with excellent closet space, and a private patio ideal for relaxing or entertaining. Additional conveniences include in-unit laundry and assigned parking. Nestled in a quiet, tree-lined

    XIN MEI ZHANG JOHN ANTHONY AGENCY C-21

    90 Almond Dr, Somerset, NJ 08873
  • /22

    $2,900 Per Month

    • 2 Beds
    • 2.5 Baths
    • Townhouse for Rent

    216 Coldspring Ct, Somerset, NJ 08873

    Annual rental available July 1st! This fantastic 2 bedroom, 2.5 bath townhome features a bright, airy living room with cathedral ceilings and a cozy wood burning fireplace. The beautifully updated kitchen includes a breakfast area and sliding doors that lead to a large back deck - perfect for relaxing and enjoying summer evenings. The first floor offers new flooring, a separate laundry room, and

    Kelli Hiban NextHome Peninsula Realty Group

    216 Coldspring Ct, Somerset, NJ 08873
  • /3

    $1,999 Per Month

    • 2 Beds
    • 1 Bath
    • 974 Sq Ft
    • Condo for Rent

    15 Norwich Place, Somerset, NJ 08873

    2nd level Condominium, Carpet throughout, lots of parking. Easy access to NYC transportation, Rutgers, Rt 18 and Rt 287.

    Elmer Arroyo BLUEXOMES

    15 Norwich Place, Somerset, NJ 08873
  • /2

    $3,500 Per Month

    • 3 Beds
    • 1 Bath
    • 1,952 Sq Ft
    • Townhouse for Rent

    18 Millstone Rd, Franklin Township, NJ 08873

    Welcome to this beautifully fully renovated 3-bedroom, 1-bath duplex apartment offering modern finishes, spacious living areas, and everyday convenience perfect for commuters. This unit also includes basement access for additional storage or use, along with 2-car parking. Conveniently located just minutes from Route 287, the NJ Turnpike, New Brunswick, Rutgers University, providing easy access to

    sean wright TVERDOV HOUSING

    18 Millstone Rd, Franklin Township, NJ 08873
  • /2

    $3,500 Per Month

    • 3 Beds
    • 1 Bath
    • 1,952 Sq Ft
    • Townhouse for Rent

    16 Millstone Rd, Somerset, NJ 08873

    Welcome to this beautifully fully renovated 3-bedroom, 1-bath duplex apartment offering modern finishes, spacious living areas, and everyday convenience perfect for commuter. This unit also includes basement access for additional storage or use, along with 2-car parking. Conveniently located just minutes from Route 287, the NJ Turnpike, New Brunswick, Rutgers University, providing easy access to

    sean wright TVERDOV HOUSING

    16 Millstone Rd, Somerset, NJ 08873
  • /19

    $2,800 Per Month

    • 2 Beds
    • 1.5 Baths
    • Townhouse for Rent

    35 Almond Dr, Somerset, NJ 08873

    Ready to move 2 Bedroom townhomes in GardenHomes at Quailbrook. Main level offers Spacious LivingRoom, Dining, Kitchen, Laundry and powder room. Upper level features 2 spacious bedroom and a full bath. Close proxmity to shopping, grocery, freeways RT287, RT18, NJTP, Hospitals.

    Aruna Mota KELLER WILLIAMS REAL ESTATE

    35 Almond Dr, Somerset, NJ 08873
  • /29

    $4,000 Per Month

    • 4 Beds
    • 3 Baths
    • 2,332 Sq Ft
    • House for Rent

    4 Darby Rd, Somerset, NJ 08873

    Welcome to 4 Darby Road in Somerset! This spacious and well-maintained single-family bi-level home offers 4 bedrooms, 3 full bathrooms, multiple living spaces, and an incredible backyard setting rarely found in rental homes. Situated on a large lot within a quiet residential neighborhood, this home offers both space and convenience in a desirable Somerset location. The main level features

    Alex Monaco RE/MAX INSTYLE

    4 Darby Rd, Somerset, NJ 08873
  • /33

    $2,600

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 2,600 Sq Ft
    • Townhouse for Rent

    91 Almond Dr, Somerset, NJ 08873

    Move in ready, beautifully renovated townhome for rent in the highly sought after Almond Drive community in Somerset, NJ. This updated home features a brand new washer and dryer, modern kitchen with granite countertops, new flooring and carpeting throughout, fresh paint, a fully renovated full bath, and an updated powder room. Enjoy central air conditioning and heating, a new boiler, a recently

    91 Almond Dr, Somerset, NJ 08873
  • /15

    $2,850 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,128 Sq Ft
    • Townhouse for Rent

    81 Almond Dr, Somerset, NJ 08873

    Beautifully maintained and truly move-in ready, this 2-bedroom, 1.5-bath end-unit townhome is located in the highly sought-after Franklin Township. Filled with abundant natural light, the home features fresh paint throughout and a tastefully updated full bathroom.The modern kitchen is equipped with granite countertops and stainless-steel appliances, perfect for both everyday living and

    Tahani Shalabi C-21 MACK MORRIS IRIS LURIE

    81 Almond Dr, Somerset, NJ 08873
  • /37

    $3,900 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,153 Sq Ft
    • Townhouse for Rent

    31 Fair Acres Ct, Princeton, NJ 08540

    Introducing this remarkable Northeast facing, 3 Bed, 2.5 Bath townhouse featuring a coveted 3rd floor loft. Step inside to discover neutral paintwork, luminous hardwood floors, and natural light that grace the main level, where an updated kitchen with beautiful cabinets and countertops, an open living/dining room with a charming fireplace, a versatile breakfast nook, and a convenient powder room

    Agent Photo

    Amanda Botwood

    Compass New Jersey, LLC - Princeton

    (609) 766-2717

    31 Fair Acres Ct, Princeton, NJ 08540
  • /40

    $6,200 Per Month

    • 4 Beds
    • 3.5 Baths
    • 3,454 Sq Ft
    • House for Rent

    127 Stockton Ave, Princeton, NJ 08540

    Recently updated 4 Bed/3.5 bath home on 2+ acres in Franklin Twp boasts lots of space for your growing family, in-laws or adult children. With over 3000 square feet of living space, your family can enjoy the spacious living room, a vaulted family room with sky lights and gas fireplace, a formal dining room, eat-in kitchen with stainless steel appliances and quartz countertop, separate laundry

    127 Stockton Ave, Princeton, NJ 08540
  • /6

    $4,890

    Total Monthly Price

    • 4 Beds
    • 2.5 Baths
    • 4,200 Sq Ft
    • House for Rent

    27 Cobblers Cir, Franklin Park, NJ 08823

    Great Location! 10 minutes from Downtown Princeton without the Princeton price tag! Biggest Excelsior model w/ 4200 sq. feet of living space. There is a 2 story entry foyer. Hardwood floors throughout. 1st floor formal office space with French double doors, large window with plenty of light. Huge entertainment kitchen with high end appliances, center island, granite countertops, custom designer

    27 Cobblers Cir, Franklin Park, NJ 08823
  • /21

    $3,200 Per Month

    • 2 Beds
    • 2.5 Baths
    • Condo for Rent

    9 Talbot St, Somerset, NJ 08873

    Spacious and inviting 2-bedroom townhome with loft for rent in the desirable Whitehall Manor community in Somerset. This well-designed home 2 Bedroom, 2 & half bath, 1 car garage, finished basement.The main level showcases an impressive open-concept layout with cathedral ceilings & recessed lighting that enhance the bright, airy atmosphere. The centerpiece of the great room has gas fireplace,

    Ranjana Chopra RE/MAX OUR TOWN

    9 Talbot St, Somerset, NJ 08873
  • /12

    $2,399 Per Month

    • 2 Beds
    • 2 Baths
    • Condo for Rent

    63 Gregory Ln, Franklin Park, NJ 08823

    Penthouse end unit with cathedral ceilings set in Society Hill VI neighborhood. Two bedrooms two full baths large living room with fireplace eat in kitchen, laundry room. Bright and sunny with private balcony. Great location in beautiful community, park like setting with pool and tennis court. Near shopping, restaurants and easy commute. No smokers and no pets, good credit only. Full NTN with all

    Patricia Leopold RE/MAX DIAMOND REALTORS

    63 Gregory Ln, Franklin Park, NJ 08823
  • /14

    $3,000 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,663 Sq Ft
    • Townhouse for Rent

    388 Cotswold Place, Somerset, NJ 08873

    LIGHT AND BRIGHT 3 BEDROOM END UNIT WITH GARAGE AT QUAILBROOK. LAMINATE & TILE FLOORS DOWNSTAIRS. NEW CARPET UPSTAIRS. FAMILY ROOM WITH FIREPLACE, AND RECESSED LIGHTS. EASY ACCESS TO MAJOR HIGHWAYS, PUBLIC TRANSPORTATION, SHOPPING, RESTAURANTS, RUTGERS UNIVERSITY AND HOSPITALS.

    HSIU SHERRY SHEN DYNASTY AGENCY LLC.

    388 Cotswold Place, Somerset, NJ 08873
  • /32

    $3,800 Per Month

    • 1 Bed
    • 1 Bath
    • 1,066 Sq Ft
    • House for Rent

    1965 Old Amwell Rd, Somerset, NJ 08873

    Charming ranch set on a private 1-acre lot in desirable Franklin Township. This home offers a peaceful setting surrounded by mature trees while still providing convenient access to Routes 27, 518, and 287. The interior features a functional one-level layout with living area, an eat-in kitchen, and an ample sized bedroom. An attic can be converted to a REC room and unfinished basement provide

    Vincent Baricaua RE/MAX OUR TOWN

    1965 Old Amwell Rd, Somerset, NJ 08873
  • /21

    Starting at $1,700 Per Month

    • Studio - 2 Beds

    510 Hamilton St, Somerset, NJ 08875

    Recently built apartment building located on the border of New Brunswick and Somerset, less than one mile from Rutgers University and the New Brunswick Train Station.Apartment Features Include:Free laundryFree garage parkingWater includedConvenient location near Rutgers, downtown New Brunswick, shopping, dining, and transportationAvailable units are leasing

    510 Hamilton

    (848) 800-2238

    510 Hamilton St, Somerset, NJ 08875
  • /12

    $4,000 Per Month

    • 4 Beds
    • 3 Baths
    • 3,037 Sq Ft
    • House for Rent

    17 Princeton Highlands Blvd, Princeton, NJ 08540

    Move right in and enjoy this impeccably maintained home in the Princeton Highlands! The spacious and bright home offers a spacious first floor den and full bath perfect for guests. It also offers an upgraded and expanded Eat in Kitchen, a sitting room off of the Primary bedroom, a jetted tub in the Primary bath, 2 zone heating and AC, Gas fireplace, recessed lights, a great size backyard with a

    Mary Saba QUEENSTON REALTY

    17 Princeton Highlands Blvd, Princeton, NJ 08540
  • /33

    $2,250 Per Month

    • 1 Bed
    • 1 Bath
    • House for Rent

    106 Mosher Rd, Princeton, NJ 08540

    Welcome to your cozy retreat! Nestled within a private home, this charming rental offers the perfect blend of comfort and convenience. Step into your spacious 1-bedroom, 1-bathroom apartment featuring a loft, providing an additional versatile space ideal for a home office or relaxation area. With a separate entrance, you'll enjoy the privacy and autonomy of your own dwelling. Inside, discover the

    Lisa Jordan Signature Realty NJ

    106 Mosher Rd, Princeton, NJ 08540
  • /11

    $1,950 Per Month

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Apartment for Rent

    53 3rd St, Franklin Township, NJ 08886

    Well maintained 2 bedroom brick ranch ( End Unit 2 ) First Floor Rental on Cul De Sac location with covered Patio Porch. Unit 1 ( Owner Occupied)Living Rm with Bay window / shutters, wood floor, Eat in Kitchen, 2 bedrooms with closets. recently renovated Full Bath, Attic Storage, Stackable washer/dryer

    EVANTHIA HROUSIS COLDWELL BANKER REALTY

    53 3rd St, Franklin Township, NJ 08886
  • /9

    $1,900 Per Month

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • House for Rent

    3774 New Jersey 27 Unit 4B, Princeton, NJ 08540

    Welcome to this recently renovated 1-bedroom, 1-bath apartment at 3774 State Route 27, set within a quiet, tucked-away community just off the main road. The location offers a low-traffic setting with quick access to Route 27, Princeton, and nearby shops, dining, and major roadways. This unit features a clean, updated interior with a functional unfolding layout. The main living area provides space

    Kashana Wainwright Keller Williams Realty - Moorestown

    3774 New Jersey 27 Unit 4B, Princeton, NJ 08540
  • /11

    $1,850 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    3774 New Jersey 27 Unit 1A, South Brunswick Township, NJ 08824

    Welcome to this updated 1-bedroom, 1-bath apartment at 3774 State Route 27, set within a quiet, tucked-away community just off the main road. The location offers a more relaxed, low-traffic setting while still providing quick access to Route 27, Princeton, shopping, dining, and major roadways. This ground-floor unit provides easy, no-stairs access and a layout that works for everyday living. The

    Kashana Wainwright Keller Williams Realty - Moorestown

    3774 New Jersey 27 Unit 1A, South Brunswick Township, NJ 08824
  • /17

    $3,500 Per Month

    • 3 Beds
    • 2 Baths
    • 1,676 Sq Ft
    • House for Rent

    1 Landry Rd, Somerset, NJ 08873

    Welcome to this beautifully maintained and updated ranch-style home situated on a generous corner lot in desirable Franklin Township. Offering approximately 1,676 square feet of living space, this 3-bedroom, 2-bath residence combines classic charm with modern upgrades. The home features a bright and inviting layout with a spacious living room highlighted by a wood-burning fireplace, perfect for

    Hong Li DYNASTY REALTORS

    1 Landry Rd, Somerset, NJ 08873
  • /21

    $5,500 Per Month

    • 5 Beds
    • 3 Baths
    • House for Rent

    5 Gunther Loop, Somerset, NJ 08873

    Welcome to this beautifully maintained and generously sized 5-bedroom, 3-bathroom single-family home located in the desirable Black Mill neighborhood of Somerset, just off Cedar Grove Lane. Offering approximately 2,600 square feet of living space, this home combines comfort, functionality, and an ideal location.Property Features:Five spacious bedrooms with ample natural lightThree full

    MAROOF SIDDIQI LEGACY REALTY GROUP

    5 Gunther Loop, Somerset, NJ 08873
  • /35

    Starting at $1,850 Per Month

    • 1 - 2 Beds

    1126 Easton Ave, Somerset, NJ 08873

    Short term leases available also! Call for details!! At Easton North our 1 and 2-bedroom apartments have balconies, large living areas, and dishwashers. Rent includes heat and cooking gas. units have air-conditioning and high-speed Internet capability. The propery is owner managed and has on site 24-hour emergency maintenance. Grounds include pool, tennis court, and playground with a clubhouse

    Easton North Apartments

    (908) 895-5395

    1126 Easton Ave, Somerset, NJ 08873
  • /18

    $3,300 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    1 Tripplet Rd, Somerset, NJ 08873

    This 3 bedroom 2 full bath ranch on a large corner lot with a private backyard is convenient to Rutgers, RWJ & St Peters Hospitals, major highways, shopping and more. This home offers an eat-in kitchen with granite counters, a family room, dining room and large living room. Both baths have been updated. The slider in the kitchen leads to a paver patio and a large yard with privacy fence. Located

    ROSEMARIA PINIZZOTTO KUKER & KESSLER REAL ESTATE

    1 Tripplet Rd, Somerset, NJ 08873
  • /22

    $2,350 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    62 Eton Way, Somerset, NJ 08873

    Explore the comfort of this well-maintained, second floor, 2-bed condo in the sought-after Trendmakers at Quailbrook community. Step into a welcoming open floor plan, abundant natural light, and a spacious living room. The galley style kitchen has been freshly painted with new hardware accents and connects seamlessly to a formal dining room for entertaining. The master bedroom features a walk-in

    Agent Photo

    Cynthia Fowlkes

    RE/MAX INSTYLE

    (848) 354-0134

    62 Eton Way, Somerset, NJ 08873
  • /10

    $3,100 Per Month

    • 3 Beds
    • 2.5 Baths
    • Condo for Rent

    6 Boyard Ct, Somerset, NJ 08873

    Meticulous and beautifully updated 3-bedroom townhome for rent in the Forest Gate community in Somerset. This bright and spacious home features a one-car attached garage, 2.5 bathrooms, and full-house hardwood floors that create a warm, modern feel throughout.The main level offers an open-concept layout with a generous living and dining area, perfect for everyday living and entertaining. The open

    Ranjana Chopra RE/MAX OUR TOWN

    6 Boyard Ct, Somerset, NJ 08873

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Frequently Asked Questions

How much does it cost to rent a home in Franklin, NJ?
The median rent for a home in Franklin, NJ is $3,500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Franklin, NJ?
To comfortably afford the median rent in Franklin, NJ, a household needs to earn roughly $140,000 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 $3,500 per month in Franklin, NJ, renters typically need to show $10,500 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, NJ?
In Franklin, NJ, the price-to-rent ratio is 13.3, 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 in Franklin, NJ

Rental Home Trends

Number of Homes for Rent
68
Median Rent
$3,500
Median Single Family Home Rent
$4,000
Median Townhouse Rent
$2,850
Median Condo Rent
$3,250
How to Rent a Home