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; nationally it ranks #32 most affordable of 3,145 HUD counties; rent here has fallen 9.9% since FY 2025, a modest shift relative to most counties.
- #32
- most affordable of 3,145 US counties (2BR)
- #9
- cheapest of 64 in Louisiana (2BR)
- -16%
- vs the state average
- $27,920
- income to afford it (30% rule)
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. The 30% affordability floor is comparatively reachable here at $27,920/year.
Observed renter burden: 37.2% of the 1,933 renter households counted by ACS paid at least 30% of income in gross rent. This ACS 2023 household measure is distinct from HUD's FY2026 Fair Market Rent benchmark above.
Market slack: The ACS rental vacancy rate here is 5.7%, close to the range where market rents and HUD's FMR benchmark tend to track each other.
Local labor market: The county's BLS unemployment rate has averaged 5.5% over the past 12 months, close to the typical US county range.
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.
FMR filing desk
Area FRANKLIN·PARISH·LA·LA
Franklin Parish, LA: $698/mo 1BR · #32 of 3145 counties (2BR) · FY2026
- FMR-AREA LA
- 1BR-FMR $698
- 2BR-FMR $834
- RANK-LOW #32
- YOY-DOWN -9.9%
- VSUS-LOW -27%
- VS-ST-LOW -16% LA
- INC-ROOM 19%
- POP-SMALL 20K
- PHOTO-NEAR East Baton Rouge P
- VOUCH-90-110 $628–$768
- FY-2026 FY2026
Photo-finish peer: East Baton Rouge ($366 1BR gap)
Read with: Section 8 housing guide
Fair Market Rents (2026)
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%) |
Rent Burden Analysis
How much of household income goes to rent in Franklin Parish. 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.
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
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
- St. Tammany
St. Tammany Parish
$1,130 1BR FMR / mo
- Jefferson
Jefferson Parish
$1,113 1BR FMR / mo
- Orleans
Orleans Parish
$1,113 1BR FMR / mo
- East Baton Rouge
East Baton Rouge Parish
$1,064 1BR FMR / mo
- Caddo
Caddo Parish
$982 1BR FMR / mo
- Lafayette
Lafayette Parish
$898 1BR FMR / mo
- Franklin
Franklin Parish
$698 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).
Can Common Jobs Afford Rent Here?
With a below-average 1-bedroom at $698/mo, most of these Louisiana occupations clear, or miss, the 30% affordability line.
| 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 |
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.
| 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 |
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).
Nationwide peers by 2BR FMR & rent burden
Two PlainRent-derived comparison paths for Franklin Parish, both outside Louisiana so the link neighborhoods are not the same-state geography lattice above. Axes stay disjoint: burden peers exclude the FMR peer set.
Similar 2-bedroom FMR
Nearest HUD 2BR Fair Market Rents outside LA (FY2026).
Similar rent burden
Nearest 2BR FMR as a share of median household income (outside LA).
Nearby Counties in Louisiana
Largest counties by population in Louisiana
Showing the 8 largest of 63 other 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.
Where does Franklin Parish rank nationally for Fair Market Rent?
According to HUD's FY 2026 Fair Market Rent schedule, Franklin Parish's 2-bedroom FMR of $834 ranks #32 most affordable among 3,145 HUD counties, placing it in the lowest-rent tenth of HUD counties.
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).
Is the rental market tight or loose in Franklin Parish?
The ACS rental vacancy rate here is 5.7%, close to the range where market rents and HUD's FMR benchmark tend to track each other.
What is the unemployment rate in Franklin Parish?
The county's BLS unemployment rate has averaged 5.5% over the past 12 months, close to the typical US county range.
Data sources
What this means for renters
Treat Franklin's FY2026 Fair Market Rent as HUD's affordability benchmark, not a single 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
- Louisiana counties vary widely around this figure - compare specific counties before assuming this applies to yours. Compare vs East Baton Rouge
- See where Franklin ranks nationally on rent. National rankings
Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents can run higher or lower, and HUD updates FMRs once a year. This site is informational and not financial or relocation advice.
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.