Franklin Lakes borough: Median Gross Rent Trend
How Franklin Lakes borough's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$2,385
2023
$3,334
Total change
+$949
% change
+39.8%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $2,385 | — |
| 2019 | $2,642 | +$257 (10.8%) |
| 2020 | $2,730 | +$88 (3.3%) |
| 2021 | $2,866 | +$136 (5%) |
| 2022 | $3,053 | +$187 (6.5%) |
| 2023 | $3,334 | +$281 (9.2%) |