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Studio Apartments for Rent in Franklin, WI

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  • /41

    Starting at $1,475 Per Month

    • Studio - 3 Beds

    9767 S 27th St, Franklin, WI 53132

    Seasons embodies the evolution of luxury suburban living by providing an exceptional location blended with a wide array of high end amenities and finishes tailored to suit your lifestyle. Located in a park like setting, Seasons at Franklin has a true suburban feel with the convenience of city life only minutes away.

    Seasons at Franklin

    (262) 710-2609

    9767 S 27th St, Franklin, WI 53132
  • /36

    Starting at $1,445 Per Month

    • Studio - 3 Beds

    2697 W Orchard Hills Dr, Oak Creek, WI 53154

    Seasons embodies the evolution of luxury suburban living by providing an exceptional location blended with a wide array of high end amenities and finishes tailored to suit your lifestyle. Located in a park like setting, Seasons at Orchard Hills has a true suburban feel with the convenience of city life only minutes away. Visit our website or call for more information.

    Seasons at Orchard Hills

    (414) 348-0904

    2697 W Orchard Hills Dr, Oak Creek, WI 53154

Why Live in Franklin

Franklin, Wisconsin, a growing suburb in the Chicago-Milwaukee Interstate 94 corridor, has seen significant population growth, now boasting over 35,000 residents. This community is home to major employers like Carma Labs and Saputo Cheese USA Inc., providing numerous job opportunities. Franklin features a variety of home styles, including ranch-style, Cape Cod, New Traditional, and Colonial-inspired single-family homes, with some subdivisions offering custom architecture. The city is known for its leafy neighborhoods with manicured lawns and mature trees, although sidewalks are sparse. Outdoor enthusiasts can enjoy the Root River Parkway and Kayla's Playground, while Franklin Field and The Rock offer entertainment options like baseball games and winter sports. Dining options are expanding, though many residents travel to nearby Drexel Town Square and Southridge Mall for shopping. Educational needs are met by the Franklin Public School District, Oak Creek/Franklin Joint School District, and Whitnall School District, all highly rated. Franklin's crime rates are notably lower than the national average, contributing to its appeal as a safe community. The city hosts events like the St. Martins Labor Day Fair and offers convenient access to major highways and Milwaukee Mitchell International Airport, located about 8 miles away. Franklin experiences moderate summers with high humidity and snowy, windy winters, with occasional minor flooding from the Root River.

Frequently Asked Questions

How much does it cost to rent a home in Franklin, WI?
The median rent for a home in Franklin, WI is $2,295 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Franklin, WI?
To comfortably afford the median rent in Franklin, WI, a household needs to earn roughly $91,800 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 $2,295 per month in Franklin, WI, renters typically need to show $6,885 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, WI?
In Franklin, WI, the price-to-rent ratio is 16.0, 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.
What neighborhoods in Franklin, WI are best for renting a home?
The best neighborhood for renting in Franklin, WI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Bay View, Walker's Point, Historic Third Ward, East Town and Lower East Side, each with its own character and price range.

Rental Trends in Franklin, WI

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,295
Median Single Family Home Rent
$2,295
Median Townhouse Rent
$2,295
Median Condo Rent
$1,588
How to Rent a Home