What is the average apartment size in Franklin Lakes?

The average size for a Franklin Lakes, NJ apartment is 1,052 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Franklin Lakes?

As of Jan / 2026, the average rent in Franklin Lakes is $3,296 per month, a 2.23% decrease from last years average of $3,371.

What is the average apartment size in Franklin Lakes?

The typical apartment in Franklin Lakes offers about 1,052 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Franklin Lakes, NJ Rental Market Trends

Q: What's the typical rent budget in Franklin Lakes?

The typical rent budget in Franklin Lakes ranges from $3,000 to per month, with 92% of rentals in this range.

Q: Do most people rent or own in Franklin Lakes?

In Franklin Lakes, 12% of households rent while 88% own their homes, based on the latest U.S. Census data.

Last updated: February 20, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Franklin Lakes is $3,296, a 2.23% decrease compared to the previous year, when the average rent was $3,371.

One-bedroom apartments provide 870 square feet for $2,979, balancing privacy and affordability.

Two-beedroom units at $3,458 offer 1,145 square feet, perfect for roommates or small families.

Average rent in Franklin Lakes, NJ

Last updated: February 20, 2026

	Average Rent	Average Apartment Size
All Rentals	$3,296	1,052 sq. ft.
Studio	n/a	n/a
1 Bed	$2,979	870 sq. ft.
2 Beds	$3,458	1,145 sq. ft.
3 Beds	n/a	n/a

Franklin Lakes, NJ rent trends

Rental prices in Franklin Lakes, NJ have decreased by 2.23% over the past year. The average rent moved from $3,371 to $3,296.

What's the typical rent budget in Franklin Lakes, NJ?

The largest share of rentals in Franklin Lakes, NJ (92%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Franklin Lakes, NJ?

442 or 12% of the households in Franklin Lakes, NJ are renter-occupied while 3,310 or 88% are owner-occupied.

How Franklin Lakes Compares to Other Cities

City	Average Rent
Franklin Lakes	$3,296
Jersey City	$3,768
Jersey Shore	$2,153
Newark	$1,706
Bayonne	$2,585
East Orange	$1,849
Elizabeth	$1,854
Hoboken	$4,560
Summit	$2,862
Long Branch	$2,563
Paterson	$1,705
Maywood	$2,234
Elmwood Park	$2,441
Westwood	$2,720
Lodi	$2,006
Montvale	$3,909
Pompton Lakes	$2,074
Fair Lawn	$2,776
Midland Park	$3,143
New Milford	$1,811
River Edge	$2,240

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Franklin Lakes apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.