County FMR · HUD FY2026

Franklin Parish Fair Market Rent

HUD's FY2026 Fair Market Rent for Franklin Parish, LA - 27% below the US average.

$698
1-bedroom FMR
$834
2-bedroom FMR
-9.9%
YoY change
-27%
vs US avg

The verdict

Franklin is the 9th cheapest of 64 counties in Louisiana by 2-bedroom FMR; rent here has fallen 9.9% since FY 2025, a modest shift relative to most counties.

#9
cheapest of 64 in Louisiana (2BR)
-16%
vs the state average
$27,920
income to afford it (30% rule)
-9.9%
YoY, FY2025→2026

Software Developers spend the smallest share of income on rent here (8.2%), while Fast Food and Counter Workers spend the most (36.2%); 13 of 15 common occupations here can afford a 1-bedroom at Fair Market Rent without exceeding the 30% threshold.

FY 2026 HUD Fair Market Rent for Franklin Parish, LA. Verify with HUD →

Franklin Parish, Louisiana carries an FY 2026 1-bedroom Fair Market Rent of $698 per month, the federal benchmark HUD publishes for this county. A 2-bedroom costs $834/mo and a studio is $601/mo. That's 27% below the national benchmark of $959 and 16% below the Louisiana average of $832.

Rent decreased9.9% from FY 2025 ($775), declining against the trend. To afford rent here, a household needs at least $27,920/year based on the 30% affordability rule.

FY 2026 HUD Fair Market Rents in Louisiana. Population: 19,752. Population has held roughly steady over the past five years (-3.6%, Census ACS). That's slower than Louisiana's statewide growth of -0.9% over the same period.

What these rents mean for Franklin Parish

The Franklin Parish FMR area applies to all ZIP codes inside the county boundary, and Louisiana'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 27% below the US average of $959 and 16% lower than the Louisiana state average of $832. The 1-bedroom FMR went from$775 in FY 2025 to $698 in FY 2026 - a change of -9.9%, which is unusual and suggests softening demand or revised HUD sampling.

At the FY 2026 1-bedroom FMR of $698, affording it under the 30%-of-income rule takes $27,920 per year (about $2,327/month) in household income, and a 2-bedroom at $834 pushes that threshold even higher. With a population of 19,752 and a county median household income of $44,103, the arithmetic here directly shapes which wage earners can rent without being cost-burdened.

Fair Market Rents (2026)

Studio
State avg: $763 · US avg: $893
$601/mo
↓ 9.8% YoY -21% vs state -33% vs US
1 Bedroom
State avg: $832 · US avg: $959
$698/mo
↓ 9.9% YoY -16% vs state -27% vs US
2 Bedroom
State avg: $1,007 · US avg: $1,175
$834/mo
↓ 7.6% YoY -17% vs state -29% vs US
3 Bedroom
State avg: $1,298 · US avg: $1,525
$1,067/mo
↓ 7.1% YoY -18% vs state -30% vs US
4 Bedroom
State avg: $1,508 · US avg: $1,756
$1,249/mo
↑ 4.3% YoY -17% vs state -29% vs US

Year-over-Year Comparison

Bedrooms FY 2025 FY 2026 Change
Studio $666
$601
$-65 (-9.8%)
1 Bedroom $775
$698
$-77 (-9.9%)
2 Bedroom $903
$834
$-69 (-7.6%)
3 Bedroom $1,149
$1,067
$-82 (-7.1%)
4 Bedroom $1,197
$1,249
+$52 (+4.3%)

Affordability Snapshot

Based on the standard that rent should not exceed 30% of gross income:

Required annual income for 1 BR
$27,920
$2,327/month gross
Required annual income for 2 BR
$33,360
$2,780/month gross

Rent Burden Analysis

How much of household income goes to rent in Franklin Parish. The 30% threshold indicates cost burden.

Studio
16.4%
Affordable
Need $24,040/yr for 30% rule
1 Bedroom
19%
Affordable
Need $27,920/yr for 30% rule
2 Bedroom
22.7%
Affordable
Need $33,360/yr for 30% rule
3 Bedroom
29%
Affordable
Need $42,680/yr for 30% rule
4 Bedroom
34%
Burdened
Need $49,960/yr for 30% rule
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 Parish 2-bedroom rent burden

0%100%National avg22%22.7%
Franklin Parish 2-bedroom rent burden
County median income: $44,103 · National avg burden: 21.7% ·View Louisiana rent burden →

Where Franklin sits among every US county

2-bedroom Fair Market Rent vs. all 3,145 HUD counties

$834 higher than 1% of 3,145 counties

$600–$800: 23 counties (1%). Below this entry. $800–$1,000: 1,406 counties (45%). This entry sits in this band. $1,000–$1,200: 723 counties (23%). Above this entry. $1,200–$1,400: 417 counties (13%). Above this entry. $1,400–$1,600: 181 counties (6%). Above this entry. $1,600–$1,800: 172 counties (5%). Above this entry. $1,800–$2,000: 108 counties (3%). Above this entry. $2,000–$2,200: 29 counties (1%). Above this entry. $2,200–$2,400: 40 counties (1%). Above this entry. $2,400–$2,600: 13 counties (0%). Above this entry. $2,600–$2,800: 9 counties (0%). Above this entry. $2,800–$3,000: 15 counties (0%). Above this entry. $3,000–$3,200: 3 counties (0%). Above this entry. $3,200–$3,400: 1 counties (0%). Above this entry. $3,400–$3,600: 1 counties (0%). Above this entry. $3,600–$3,800: 3 counties (0%). Above this entry. $3,800–$4,000: 0 counties (0%). Above this entry. $4,000–$4,200: 0 counties (0%). Above this entry. $4,200–$4,400: 1 counties (0%). Above this entry. This county $600 $4,400 every US county, bucketed by value

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 Louisiana counties

1BR FMR / mo

What this shows Franklin is highlighted. Nearby Louisiana counties by 1-bedroom FMR, highest to lowest: St. Tammany Parish ($1,130), Jefferson Parish ($1,113), Orleans Parish ($1,113), East Baton Rouge Parish ($1,064), Caddo Parish ($982), Lafayette Parish ($898), Franklin Parish (this county) ($698).

Source U.S. Department of Housing and Urban Development (HUD) As of FY2026

Can Common Jobs Afford Rent Here?

How a 1-bedroom at $698/mo compares to Louisiana salaries for popular occupations (BLS wage data, 30%-of-income rule).

Occupation LA Salary Rent Burden Verdict
Software Developers $102,290 8.2% Affordable
General & Operations Managers $102,060 8.2% Affordable
Registered Nurses $78,880 10.6% Affordable
Accountants & Auditors $69,540 12% Affordable
Electricians $59,590 14.1% Affordable
Elementary School Teachers $52,280 16% Affordable
Police & Sheriff's Patrol Officers $50,580 16.6% Affordable
Heavy & Tractor-Trailer Truck Drivers $48,770 17.2% Affordable
Paralegals & Legal Assistants $47,580 17.6% Affordable
Pharmacy Technicians $38,700 21.6% Affordable
Customer Service Representatives $35,890 23.3% Affordable
Retail Salespersons $28,820 29.1% Affordable
Janitors & Cleaners $27,940 30% Affordable
Teaching Assistants $27,040 31% Stretched
Fast Food & Counter Workers $23,110 36.2% Stretched
Salaries: BLS OES (Louisiana) median · 30% = affordable threshold · Try the salary calculator →

Rent Trends (2020–2026)

7-year Fair Market Rent history for Franklin Parish. 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 29.5% overall, from $539 to $698. The path there hasn't been smooth: year-over-year moves have swung by as much as 19.0% (FY 2023), a volatility pattern that makes single-year comparisons a poor guide to the underlying trend.

$500$600$700$800 FY2020FY2021FY2022FY2023FY2024FY2025FY2026 $698
Franklin Parish 1-bedroom Fair Market Rent, FY2020–FY2026
Year Studio 1 BR 2 BR
FY 2026 ↓9.9% $601 $698 $834
FY 2025 ↑10.4% $666 $775 $903
FY 2024 ↑10.9% $615 $702 $822
FY 2023 ↑19.0% $629 $633 $740
FY 2022 ↓3.3% $529 $532 $696
FY 2021 ↑2.0% $546 $550 $725
FY 2020 $536 $539 $710
Total change (6yr): +29.5%
Annualized: +4.4%/yr
1 BR: $539 → $698

Where Franklin Parish Ranks in Louisiana

Franklin Parish 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 #9 of 64 counties in Louisiana. Nearest by rank: Allen Parish ($834), Bienville Parish ($834), Caldwell Parish ($834), Catahoula Parish ($834), Claiborne Parish ($834), Concordia Parish ($834), East Carroll Parish ($834), Evangeline Parish ($834), Franklin Parish (this county) ($834), Jackson Parish ($834), Madison Parish ($834), Morehouse Parish ($834), Red River Parish ($834), St. Landry Parish ($834), Tensas Parish ($834), Vermilion Parish ($834), Washington Parish ($834).

Allen Parish
2 BR: $834/mo
Bienville Parish
2 BR: $834/mo
Caldwell Parish
2 BR: $834/mo
Catahoula Parish
2 BR: $834/mo
Claiborne Parish
2 BR: $834/mo
Concordia Parish
2 BR: $834/mo
East Carroll Parish
2 BR: $834/mo
Evangeline Parish
2 BR: $834/mo
Franklin Parish (this county)
2 BR: $834/mo
Jackson Parish
2 BR: $834/mo
Madison Parish
2 BR: $834/mo
Morehouse Parish
2 BR: $834/mo
Red River Parish
2 BR: $834/mo
St. Landry Parish
2 BR: $834/mo
Tensas Parish
2 BR: $834/mo
Vermilion Parish
2 BR: $834/mo
Washington Parish
2 BR: $834/mo

Nearby Counties in Louisiana

Largest counties by population in Louisiana

East Baton Rouge Parish
1 BR: $1,064/mo Pop: 454,369
Jefferson Parish
1 BR: $1,113/mo Pop: 436,171
Orleans Parish
1 BR: $1,113/mo Pop: 380,408
St. Tammany Parish
1 BR: $1,130/mo Pop: 266,168
Lafayette Parish
1 BR: $898/mo Pop: 243,175
Caddo Parish
1 BR: $982/mo Pop: 236,259
Calcasieu Parish
1 BR: $928/mo Pop: 210,770
Ouachita Parish
1 BR: $793/mo Pop: 159,585
View all counties in Louisiana →

Frequently Asked Questions

What is the average rent in Franklin Parish? ▼
The FY 2026 Fair Market Rent for a 1-bedroom in Franklin Parish is $698 per month. A 2-bedroom is $834 and a studio is $601.
How does Franklin Parish rent compare to the national average? ▼
Rent in Franklin Parish is 27% below the national average. A 1-bedroom here costs $698 compared to $959 nationally.
What income do I need to afford rent in Franklin Parish? ▼
Based on the 30% affordability rule, you need an annual income of at least $27,920 ($2,327/month) to afford a 1-bedroom at Fair Market Rent in Franklin Parish.
Is rent going up or down in Franklin Parish? ▼
The 1-bedroom Fair Market Rent in Franklin Parish decreased by 9.9% from FY 2025 to FY 2026, going from $775 to $698.
Which jobs can afford rent in Franklin Parish? ▼
Based on Louisiana BLS salary data and the 30% affordability rule, jobs like Software Developers, General and Operations Managers, Registered Nurses can afford a 1-bedroom at $698/mo. 13 of 15 common occupations are affordable here.
How much has rent changed in Franklin Parish over time? ▼
The 1-bedroom Fair Market Rent in Franklin Parish went from $539 in FY 2020 to $698 in FY 2026, a total change of +29.5% over 6 years.
How does Fair Market Rent affect Section 8 vouchers in Franklin Parish? ▼
In Franklin Parish, the FY 2026 FMR of $698/mo for a 1-bedroom sets the baseline that local housing authorities use for Section 8 payment standards.
What does Fair Market Rent mean for Franklin Parish? ▼
For Franklin Parish, it's the specific 40th-percentile rent HUD publishes each year ($698/mo for a 1-bedroom in FY 2026).

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 $698 implies about $27,920/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.

All federal data sources used on this page
  • HUD Fair Market Rents (FMR) - county-level fair-market rent estimates by bedroom count. huduser.gov/datasets/fmr
  • HUD Income Limits - area median income for affordability calculations. huduser.gov/datasets/il
  • HUD Comprehensive Housing Affordability Strategy (CHAS) - rent burden and housing-cost distribution. huduser.gov/datasets/cp
  • U.S. Census Bureau ACS - county and metro housing characteristics + median rent. census.gov/programs-surveys/acs
  • BLS Consumer Price Index, Rent of Primary Residence - rent inflation by metro. bls.gov/cpi
  • IRS Migration Data (SOI) - interstate migration aggregates affecting county demand. irs.gov/statistics/migration
  • BLS Occupational Employment and Wage Statistics - state-level median wages by occupation, used for job affordability analysis. bls.gov/oes

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.