County FMR · HUD FY2026
Franklin County Fair Market Rent
HUD's FY2026 Fair Market Rent for Franklin County, FL - 10% above the US average.
- $1,058
- 1-bedroom FMR
- $1,186
- 2-bedroom FMR
- +19.5%
- YoY change
- +10%
- vs US avg
The verdict
Franklin is the 16th cheapest of 67 counties in Florida by 2-bedroom FMR; rent here has climbed 19.5% since FY 2025, a sharp move relative to most counties.
- #16
- cheapest of 67 in Florida (2BR)
- -18%
- vs the state average
- $42,320
- income to afford it (30% rule)
- +19.5%
- YoY, FY2025→2026
Software Developers spend the smallest share of income on rent here (10%), while Fast Food and Counter Workers spend the most (45.4%).
FY 2026 HUD Fair Market Rent for Franklin County, FL. Verify with HUD →
Franklin County, Florida carries an FY 2026 1-bedroom Fair Market Rent of $1,058 per month, the federal benchmark HUD publishes for this county. A 2-bedroom costs $1,186/mo and a studio is $1,033/mo. That's 10% above the national benchmark of $959 and 18% below the Florida average of $1,296.
Rent increased19.5% from FY 2025 ($885), outpacing inflation. To afford rent here, a household needs at least $42,320/year based on the 30% affordability rule.
FY 2026 HUD Fair Market Rents in Florida. Population: 12,276. Population grew 5.8% over the past five years (Census ACS) - among the faster-growing counties nationally, a trend that typically adds upward pressure on rents. That's in line with Florida's statewide growth of +6.5% over the same period.
What these rents mean for Franklin County
The Franklin County FMR area applies to all ZIP codes inside the county boundary, and Florida's housing authorities use it as the baseline for Section 8 Housing Choice Voucher payment standards. See how FMR is calculated for the full 40th-percentile methodology and payment-standard rules.
Compared to the rest of the country, a 1-bedroom here is 10% above the US average of $959 and 18% lower than the Florida state average of $1,296. The 1-bedroom FMR went from$885 in FY 2025 to $1,058 in FY 2026 - a change of +19.5%, which outpaces typical consumer inflation.
At the FY 2026 1-bedroom FMR of $1,058, affording it under the 30%-of-income rule takes $42,320 per year (about $3,527/month) in household income, and a 2-bedroom at $1,186 pushes that threshold even higher. With a population of 12,276 and a county median household income of $62,734, the arithmetic here directly shapes which wage earners can rent without being cost-burdened.
Fair Market Rents (2026)
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $880 | $1,033 | +$153 (+17.4%) |
| 1 Bedroom | $885 | $1,058 | +$173 (+19.5%) |
| 2 Bedroom | $1,019 | $1,186 | +$167 (+16.4%) |
| 3 Bedroom | $1,356 | $1,564 | +$208 (+15.3%) |
| 4 Bedroom | $1,362 | $1,570 | +$208 (+15.3%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Rent Burden Analysis
How much of household income goes to rent in Franklin County. The 30% threshold indicates cost burden.
How we calculate this
Rent burden = (FMR × 12) ÷ county median household income. Required income = (FMR × 12) ÷ 0.3, the federal 30%-of-gross-income rule HUD uses to define cost burden. Median household income is from the U.S. Census Bureau's American Community Survey; FMR is from HUD's FY2026 release. See methodology.
Franklin County 2-bedroom rent burden
Where Franklin sits among every US county
2-bedroom Fair Market Rent vs. all 3,145 HUD counties
$1,186 Top 33% higher than 67% of 3,145 counties
Each bar is a $0.2K-wide band; taller bars hold more counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026
How Franklin compares on 1-bedroom rent
1-bedroom FMR vs other Florida counties
- Miami-Dade
Miami-Dade County
$1,995 1BR FMR / mo
- Palm Beach
Palm Beach County
$1,901 1BR FMR / mo
- Broward
Broward County
$1,900 1BR FMR / mo
- Orange
Orange County
$1,731 1BR FMR / mo
- Hillsborough
Hillsborough County
$1,696 1BR FMR / mo
- Duval
Duval County
$1,382 1BR FMR / mo
- Franklin
Franklin County
$1,058 1BR FMR / mo
What this shows Franklin is highlighted. Nearby Florida counties by 1-bedroom FMR, highest to lowest: Miami-Dade County ($1,995), Palm Beach County ($1,901), Broward County ($1,900), Orange County ($1,731), Hillsborough County ($1,696), Duval County ($1,382), Franklin County (this county) ($1,058).
Can Common Jobs Afford Rent Here?
How a 1-bedroom at $1,058/mo compares to Florida salaries for popular occupations (BLS wage data, 30%-of-income rule).
| Occupation | FL Salary | Rent Burden | Verdict |
|---|---|---|---|
| Software Developers | $126,550 | 10% | Affordable |
| General & Operations Managers | $100,750 | 12.6% | Affordable |
| Registered Nurses | $82,850 | 15.3% | Affordable |
| Accountants & Auditors | $78,470 | 16.2% | Affordable |
| Police & Sheriff's Patrol Officers | $76,190 | 16.7% | Affordable |
| Paralegals & Legal Assistants | $60,280 | 21.1% | Affordable |
| Elementary School Teachers | $55,550 | 22.9% | Affordable |
| Electricians | $53,100 | 23.9% | Affordable |
| Heavy & Tractor-Trailer Truck Drivers | $50,000 | 25.4% | Affordable |
| Pharmacy Technicians | $39,640 | 32% | Stretched |
| Customer Service Representatives | $38,890 | 32.6% | Stretched |
| Retail Salespersons | $31,950 | 39.7% | Stretched |
| Janitors & Cleaners | $31,540 | 40.3% | Stretched |
| Teaching Assistants | $30,230 | 42% | Stretched |
| Fast Food & Counter Workers | $27,990 | 45.4% | Stretched |
Rent Trends (2020–2026)
7-year Fair Market Rent history for Franklin County. Shows how HUD rental rates have changed over time.
Over the 6-year span HUD has tracked for Franklin (FY 2020-2026), the 1-bedroom Fair Market Rent has risen 53.1% overall, from $691 to $1,058. Most of that movement was gradual except for a single sharp jump of +19.5% in FY 2026, well above this county's typical year-to-year change.
| Year | Studio | 1 BR | 2 BR |
|---|---|---|---|
| FY 2026 ↑19.5% | $1,033 | $1,058 | $1,186 |
| FY 2025 ↑8.7% | $880 | $885 | $1,019 |
| FY 2024 ↑10.7% | $792 | $814 | $914 |
| FY 2023 ↑10.7% | $719 | $735 | $830 |
| FY 2022 ↑0.5% | $653 | $664 | $757 |
| FY 2021 ↓4.3% | $645 | $661 | $753 |
| FY 2020 | $635 | $691 | $786 |
Where Franklin County Ranks in Florida
Franklin County is not part of any federally-designated metropolitan or micropolitan statistical area -- an independent rental market not administratively tied to a larger urban core. By 2-bedroom FMR, it ranks #16 of 67 counties in Florida. Nearest by rank: Liberty County ($1,083), Madison County ($1,086), Baker County ($1,103), Suwannee County ($1,110), Bradford County ($1,120), Union County ($1,132), Putnam County ($1,155), Dixie County ($1,156), Franklin County (this county) ($1,186), Wakulla County ($1,199), DeSoto County ($1,209), Citrus County ($1,225), Hardee County ($1,248), Glades County ($1,252), Hendry County ($1,271), Highlands County ($1,271), Columbia County ($1,318).
Nearby Counties in Florida
Largest counties by population in Florida
Frequently Asked Questions
What is the average rent in Franklin County? ▼
How does Franklin County rent compare to the national average? ▼
What income do I need to afford rent in Franklin County? ▼
Is rent going up or down in Franklin County? ▼
Which jobs can afford rent in Franklin County? ▼
How much has rent changed in Franklin County over time? ▼
How does Fair Market Rent affect Section 8 vouchers in Franklin County? ▼
What does Fair Market Rent mean for Franklin County? ▼
What this means for renters
Treat Franklin's FY2026 Fair Market Rent as HUD's affordability benchmark, not a market quote.
- Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $1,058 implies about $42,320/yr to rent without being cost-burdened. Run your numbers
- Compare this county against nearby metros and states before signing a lease. Compare areas
- See where it sits on the national rent map. View rankings
Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents in Franklin can run higher or lower, and HUD updates FMRs once a year. This page is informational and not financial or relocation advice.
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Census Bureau and HUD Fair Market Rents. Consult a qualified professional before making decisions based on this data.
Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.