Renting · Section 8
Data from November 2026
Renting in the City of Franklin , Virginia
The City of Franklin has a HUD fair market rent of $1,032 a month for 2 bedrooms (Fiscal year 2027). Renter households here pay a typical rent of $988 a month (Average 2020–2024). Paying the fair market rent without going over 30% of income takes $19.85 an hour, full time.
Four numbers to start with
- Fair market rent, 2 bedrooms
- $1,032
- a month, HUD, Fiscal year 2027
- 42% less than in Virginia
- Typical rent
- $988
- a month, Census, Average 2020–2024
- 37% less than in Virginia
- Wage needed
- $19.85
- an hour, 2 bedrooms
- Or $41,280 a year, to spend no more than 30% of income on rent.
- Rent-burdened households
- 54%
- spend 30% or more of income on rent
- 11% more than in Virginia
Fair market rent
What HUD sets for each size
Every year HUD (the U.S. Department of Housing and Urban Development) publishes a Fair Market Rent (FMR) for each home size in the City of Franklin. It is used to work out how much a Section 8 voucher covers. The table shows what you need to earn to pay it without spending more than 30% of income.
The fair market rent covers rent plus basic utilities, except the phone. HUD generally sets it at the 40th percentile: 4 in 10 standard-quality homes rented recently cost less. 24 CFR §888.113(a)
| Size | Fair rent per month | Hourly wage | Income needed per year |
|---|---|---|---|
| Studio | $874 | $16.81 | $34,960 |
| 1 bedroom | $897 | $17.25 | $35,880 |
| 2 bedrooms | $1,032 | $19.85 | $41,280 |
| 3 bedrooms | $1,392 | $26.77 | $55,680 |
| 4 bedrooms | $1,725 | $33.17 | $69,000 |
HUD area: Southampton County-Franklin city, VA HUD Nonmetro FMR Area. Source: HUD, Fiscal year 2027
Rent burden
How many households spend too much
HUD counts rent as a burden when it reaches 30% of income or more. In the City of Franklin, 54% of renter households are in that position; in Virginia, 49%, and nationwide, 51% (Average 2020–2024, Census).
Paying too much rent leaves little for food, transportation and savings. If that is you, the agencies below can guide you for free.
54%
of renter households spend 30% or more of their income on rent.
1,593 households rent in the City of Franklin
- Spend half or more of their income 30%
- Spend 30% or more, but less than half 24%
- Spend less than 30% 46%
Compared with the state and the country
- Franklin 54%
- Virginia 49%
- United States 51%
Low-income apartments
Low-income apartments in the City of Franklin
HUD lists 11 properties with homes for low-income households in the City of Franklin: tax-credit apartments (LIHTC), HUD-assisted buildings and public housing. They run from the most low-income homes to the fewest.
- with tax credits (LIHTC)
- 6
- HUD-assisted
- 3
- public housing
- 3
632 homes in all; 557 of them low-income, according to HUD.
- Dorchester Square Tax credit (LIHTC) · HUD-assisted 1698 Dorchester St, Franklin 23851 125 low-income homes · 1 bd: 20 · 2 bd: 50 · 3 bd: 30 · 4 bd: 25 · In service since 2003 · For families · (757) 562-4778
- Pretlow-Old Towne Apartments HUD-assisted 315 Bruce St, Franklin 23851 150 homes, 75 low-income · For families · (757) 562-0384
- Berkley Court Tax credit (LIHTC) 601 Campbell Ave, Franklin 23851 75 low-income homes · 1 bd: 14 · 2 bd: 20 · 3 bd: 28 · 4 bd: 13 · In service since 2017 · For families
- Berkley Court Apartments HUD-assisted Cameron Street, Franklin 23851 75 low-income homes · For families · (757) 569-8244
- Pretlow-Old Town Tax credit (LIHTC) 925 Pretlow St, Franklin 23851 75 low-income homes · 1 bd: 20 · 2 bd: 20 · 3 bd: 35 · In service since 2017 · For families
- Holland Trace Tax credit (LIHTC) 1903 South St, Franklin 23851 48 low-income homes · 1 bd: 42 · 2 bd: 6 · In service since 2002 · For older adults
- Newport Village Tax credit (LIHTC) 108 Morton St, Franklin 23851 48 low-income homes · In service since 2009 · For families
- Franklin South Tax credit (LIHTC) 1205 South St, Franklin 23851 32 low-income homes · 1 bd: 8 · 2 bd: 24 · In service since 2006 · For families
- Scattered Sites Public housing 1600 South St, Franklin 23851 2 low-income homes · Run by Franklin Redevelopment and Housing Authority · Homes at several sites · (757) 562-0384
- Scattered Site I Public housing 309 Roosevelt St, Franklin 23851 1 low-income home · Run by Franklin Redevelopment and Housing Authority · Homes at several sites · (757) 562-0384
- Scattered Sites 4 Public housing 401 Bracey St, Franklin 23851 1 low-income home · Run by Franklin Redevelopment and Housing Authority · Homes at several sites · (757) 562-0384
One property has two programs at the same address and appears once. Search HUD's map
Source: HUD, retrieved November 6, 2026. LIHTC database, updated May 14, 2025; Assisted multifamily properties, updated October 23, 2026; Public housing developments, updated October 23, 2026.
Section 8
The Section 8 voucher in the City of Franklin
The Housing Choice Voucher (Section 8) pays part of your rent on a home you choose. Your public housing agency runs it. 1 agency serves in the City of Franklin. Here is what the rules say:
The rules, with their source
-
You apply at the public housing agency. If you qualify, your name usually goes on a waiting list. Applicants must be U.S. citizens or noncitizens with eligible status as HUD defines it. Source: HUD
-
Generally, your family must have very low income: no more than 50% of the area median income, by family size (the middle column of the table). Source: 24 CFR §5.603, §982.201(b)
-
Each year, at least 75% of the families an agency admits from its list must have extremely low income (the 30% column). Source: 24 CFR §982.201(b)(2)
-
If the rent is below the payment standard, the family generally pays 30% of its adjusted monthly income. If it is above, the family pays more. Source: 24 CFR §982.1(a)(3)
-
When you move in, if the rent is above the payment standard, your share cannot go over 40% of your adjusted monthly income. Source: 24 CFR §982.508
-
Each agency sets a payment standard for each size. Without asking HUD, it can go from 90% to 110% of the fair market rent. Source: 24 CFR §982.503(b), (c)
| People | Extremely low (30%) | Very low (50%) | Low |
|---|---|---|---|
| 1 person | $20,200 | $33,600 | $53,800 |
| 2 people | $23,050 | $38,400 | $61,450 |
| 3 people | $27,320 | $43,200 | $69,150 |
| 4 people | $33,000 | $48,000 | $76,800 |
| 5 people | $38,680 | $51,850 | $82,950 |
| 6 people | $44,360 | $55,700 | $89,100 |
| 7 people | $50,040 | $59,550 | $95,250 |
| 8 people | $55,720 | $63,400 | $101,400 |
Area median income: $96,000. HUD income limits by family size, Fiscal year 2026. Area: Southampton County-Franklin city, VA HUD Nonmetro FMR Area. Source: HUD, Fiscal year 2026
Possible payment standard
- Studio $787 – $961
- 1 bedroom $807 – $987
- 2 bedrooms $929 – $1,135
- 3 bedrooms $1,253 – $1,531
- 4 bedrooms $1,553 – $1,898
The range the rule allows: 90% to 110% of the county's fair market rent. Your agency publishes its own.
Housing agencies that serve this place
- Franklin Redevelopment and Housing Authority Public housing and Section 8 vouchers · 366 vouchers · 4 public housing units (757) 562-0384 Franklin Redevelopment and Housing Authority: gblue@franklinva.org
Housing agencies in Virginia Source: HUD, Retrieved November 6, 2026
Your rights as a tenant in Virginia
What Virginia law says about deposits, notices and eviction, with the citation for each rule.
See your rights, rule by ruleCompare these rules with other states →
A summary of state law, not legal advice. Cities may have additional rules.
- How much can they charge for a deposit?
- Up to 2 months of rent
- Va. Code §55.1-1226(A)
- When must they return my deposit?
- 45 days
- Va. Code §55.1-1226(A)
- If I fall behind on rent, what notice must I get?
- 14 days
- Va. Code §55.1-1245(F)
- How much notice ends a month-to-month rental?
- 30 days
- Va. Code §55.1-1253(A)
- Only a court order can remove youVa. Code §55.1-1252
- Protection from retaliationVa. Code §55.1-1258(A)
- Repair and deduct from the rentVa. Code §55.1-1244.1(C)
Help
Where to get help with rent in the City of Franklin
These are the nearest HUD-approved agencies. They counsel for free or at low cost.
-
Hampton Roads Community Action Program, Inc.
2410 Wickham Ave, Newport News · 36 miles away
- Mortgage delinquency workshops
- Budget and financial counseling
- and 8 more
-
Virginia Housing and Community Development Corp
719 High St, Portsmouth · 37 miles away
- Pre-purchase counseling
- Homebuyer education workshops
- and 2 more
-
HOMENET (Norfolk RHA)
555 E Main St, Norfolk · 38 miles away
- Mortgage delinquency and default
- Budget and financial counseling
- and 8 more
Tool
How much cash do you need to move in?
It starts with the 2-bedroom fair market rent in the City of Franklin. Change the rent, the deposit and the fees to yours: the numbers stay in your browser.
Count power on top of the rent: in Virginia, the average home bill was $149 a month in 2024 (EIA). See electricity and gas costs
Your move
We use the place's fair market rent and the state's deposit rule.
Adjust advanced details
Let's do the math
Cash to move in
$2,064
What you need before you get the keys.
What adds up
- First month
- $1,032
- Security deposit
- $1,032
- Total
- $2,064
When you'll have it
Enter what you can set aside each month to see how long it takes.
What helps
- Ask for a receipt for every payment and keep a copy of the lease.
- On move-in day, walk through the home and take dated photos.
- Never send money for a home you haven't seen or a lease you haven't read.
This is a planning estimate, not a price. What you are asked for depends on the landlord, your lease and your state's and city's rules. It is not legal advice.
Frequently asked questions
What is the fair market rent in the City of Franklin?
According to HUD (Fiscal year 2027): Studio: $874; 1 bedroom: $897; 2 bedrooms: $1,032; 3 bedrooms: $1,392; 4 bedrooms: $1,725. It covers rent plus basic utilities, except the phone.
How much do you need to earn to rent in the City of Franklin?
Paying the 2-bedroom fair market rent ($1,032) without spending more than 30% of income takes $19.85 an hour full time, or $41,280 a year.
Who qualifies for Section 8 in the City of Franklin?
Generally, families with very low income: no more than 50% of the area median income. For 4 people, HUD's limit here is $48,000 a year (Fiscal year 2026). The family usually pays 30% of its adjusted monthly income. You apply at the housing agency.
How much does Section 8 pay in the City of Franklin?
The voucher pays up to your housing agency's payment standard, minus your share. The rule lets the agency set it between 90% and 110% of the fair market rent: for 2 bedrooms here, between $929 and $1,135 a month. Your agency publishes its figure.
How many low-income apartments are there in the City of Franklin?
HUD lists 11 properties with homes for low-income households in the City of Franklin: tax-credit apartments (LIHTC), HUD-assisted buildings and public housing. They run from the most low-income homes to the fewest. For tax-credit apartments and HUD-assisted buildings, you apply directly at the building's management office. They tell you whether units are open and how to apply; HUD does not have that information.
How many households spend too much on rent in the City of Franklin?
HUD counts rent as a burden when it reaches 30% of income or more. In the City of Franklin, 54% of renter households are in that position; in Virginia, 49%, and nationwide, 51% (Average 2020–2024, Census).