What is the median rent in Franklin Borough, NJ?

Name: Median rent in Franklin Borough, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Franklin Borough, NJ is $1,381 (±$62) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 941 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Franklin Borough, the median gross rent went from $1,064 in 2015–2019 to $1,381 in 2020–2024 (+29.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $1,381 (±$62)
Rented homes: 941 (±237)
$2,000 or more: 4.3%
Since 2015–2019: +29.8%

How much rent costs in Franklin Borough

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Franklin Borough	Sussex County	New Jersey	United States
Less than $500	0.6% (±1.1 points)	2.4%	6.1%	6.3%
$500 to $999	23.6% (±12.3 points)	10.2%	7.9%	20.2%
$1,000 to $1,499	42.6% (±19.7 points)	32.0%	23.5%	28.1%
$1,500 to $1,999	28.9% (±11.6 points)	32.0%	28.5%	21.1%
$2,000 to $2,499	4.3% (±3.5 points)	11.5%	17.2%	12.0%
$2,500 to $2,999	0.0% (±4.7 points)	7.4%	7.9%	5.5%
$3,000 or more	0.0% (±4.7 points)	4.5%	8.9%	6.8%

The most common range is $1,000 to $1,499, paid by 42.6% of renting households.

4.3% of rented homes in Franklin Borough cost $2,000 or more a month.

Franklin Borough against Sussex County, its state and the nation

Estimate (90% margin of error)
	Franklin Borough	Sussex County	New Jersey	United States
Median gross rent	$1,381 (±$62)	$1,585 (±$67)	$1,720 (±$7)	$1,413
Rented homes paying rent	941 (±237)	8,937 (±563)	1,230,839 (±7,912)	42,849,984

In Franklin Borough, median gross rent is lower than in Sussex County ($1,585).

It is also lower than in New Jersey ($1,720).

It is not measurably different from the national figure ($1,413).

In Sussex County, Franklin Borough ranks 20 of 23 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 463 of 548.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Franklin Borough has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,064 (±$115)	$1,381 (±$62)	+29.8%	No measurable change after inflation
Households that rent	27.1% (±5.5 points)	43.8% (±8.8 points)	+16.7 percentage points	Measurable increase
Rental vacancy rate	21.6% (±12.5 points)	3.8% (±6.3 points)	−17.8 percentage points	Measurable decrease

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Franklin Borough

Nearest places with a published estimate, compared with Franklin Borough
Place	Distance	Median gross rent	Compared with this place
Franklin Borough	—	$1,381 (±$62)	—
Hardyston Township	1.9 mi	$2,097 (±$276)	Higher
Ogdensburg Borough	2.1 mi	$1,445 (±$210)	Not measurably different
Hamburg Borough	2.9 mi	$1,685 (±$174)	Higher
Lafayette Township	4.3 mi	$1,891 (±$242)	Higher
Sparta Township	4.4 mi	$1,864 (±$265)	Higher
Sussex Borough	7.0 mi	$1,418 (±$66)	Not measurably different
Vernon Center	7.1 mi	$1,494 (±$223)	Not measurably different
Oak Ridge	7.2 mi	$1,372 (±$278)	Not measurably different

Nearby places with a measurably higher figure: Hardyston Township, NJ ($2,097), Hamburg Borough, NJ ($1,685), Lafayette Township, NJ ($1,891).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Sussex County, place by place

Rank	Place	Median gross rent
14	Andover Borough	$1,597 (±$213)
15	Byram Township	$1,561 (±$208)
16	Ogdensburg Borough	$1,445 (±$210)
17	Newton Town	$1,442 (±$136)
18	Wantage Township	$1,437 (±$199)
19	Sussex Borough	$1,418 (±$66)
20	Franklin Borough	$1,381 (±$62)
21	Montague Township	$1,260 (±$730)
22	Stillwater Township	$1,238 (±$531)
23	Fredon Township	$1,205 (±$459)

Showing 10 of 23 places in Sussex County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Franklin Borough

What is the average rent in Franklin Borough, NJ?

The Census Bureau publishes the median rather than the average: the median gross rent in Franklin Borough is $1,381 (±$62) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Franklin Borough?

In Franklin Borough, the median gross rent went from $1,064 in 2015–2019 to $1,381 in 2020–2024 (+29.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Franklin Borough cost more than $2,000 a month?

4.3% of rented homes in Franklin Borough have a gross rent of $2,000 or more a month, and 0.6% cost less than $500.

Is rent in Franklin Borough higher than in Sussex County?

In Franklin Borough, median gross rent is lower than in Sussex County ($1,585).

It is also lower than in New Jersey ($1,720).

It is not measurably different from the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Franklin borough, Sussex County, New Jersey (county subdivision:24930, in state:34 county:037).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.