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In Franklin Square Village 17% of the housing is rented out compared to 83% of homes are owned, according to the most recent Census Bureau estimates. 0.9% of Franklin Square Village's apartments are found in large buildings of 50 units or more, 39% are located in smaller apartment complexes with less than 50 units, and 57% are single-family rentals.

The average age of rental buildings in Franklin Square Village is 52 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 2 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Studio apartments in Franklin Square Village are around 63% of rentals, while 1-bedroom floor plans represent 37% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 0% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.