The average rent in New Franklin, OH is $1,138.
In New Franklin, 13% of the residents are renting compared to 87% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of New Franklin's rentals, 45% are small-scale complexes with under 50 units, and 53% are single-family rentals.
The average age of rental buildings in New Franklin is 39 years old, with 30% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 80% are garden-style apartment communities, 6% are mid-sized buildings, and 14% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
Studio apartments in New Franklin are around 2% of rentals, while 1-bedroom floor plans represent 38% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 49% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
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