Franklin

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Franklin, KY Area Guide

Avg Rent

$917

Population

10,009

Renter Mix

46% Rent

A rich history in the suburbs of southern Kentucky

Close-Knit Rural Historic Affordable Family-Friendly Great Schools

Welcome to the peaceful suburbs of Franklin in southern Kentucky. With a sense of history and a family-friendly environment, residents are attracted to this safe, close-knit community. Enjoy the town’s historic downtown district featuring a wooded downtown square surrounding Franklin’s court house. In this area, residents enjoy the local history that’s shared at the Simpson County Historical Society and History Center.

Excellent public schools await in Franklin, from Simpson Elementary to Franklin-Simpson Middle and High Schools. The Jim Roberts Community Park sits in the northeast corner of town nearing Interstate 65. The city of Franklin is a quick commute into larger metropolitan areas like Bowling Green, just 20 miles north of town. Franklin has great access to major tourist destinations as well, with Nashville, Tennessee sitting just 45 miles south.

Demographics

Median Household Income

$53,205

Average: $60,086

Education

1,292

Residents Have a Degree

Job Market

4,322

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

39 Years

Largest Age Group

30-39 Years

Approximately 14% of Residents

Under 20

26%

Over 65

18%

Housing Distribution

Franklin has more homeowners than renters.

Renters
46%
Non-Renters
54%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
9%
Other Education
91%

Rent Trends

As of May 2026, the average apartment rent in Franklin, KY is $441 for a studio, $917 for one bedroom, $1,056 for two bedrooms, and $1,415 for three bedrooms. Apartment rent in Franklin has increased by 1.8% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$917/month
729 Sq Ft
House
$1,738/month
1,445 Sq Ft
See Rental Market Trends in Franklin, KY

Getting Around

Somewhat Walkable

Walkability

20 / 100

Exceptionally Drivable

Drivability

90 / 100

Somewhat Bikeable

Bikeability

20 / 100

Schools

Simpson Elementary School

Public

Grades K-5

738 Students

Lincoln Elementary School

Public

Grades K-5

464 Students

Franklin Elementary School

Public

Grades PK-5

320 Students

Franklin-Simpson Middle School

Public

Grades 6-8

662 Students

Franklin-Simpson High School

Public

Grades 9-12

804 Students

Points of Interest

Top Apartments in Franklin

Houses for Rent in Franklin

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.