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514 N Petway St 305, Franklin, TN 37064

514 N Petway St 305, Franklin, TN 37064, for rent, Active at $1,600/mo. 2 bd · 2 ba · 936 sqft.

For rent · Active · $1,600/mo

2 beds2 baths936 sq ft

MLS #3531059 · listed September 2, 2026 · 44 days on market · updated September 5, 2026

2-bed, 2-bath rental home at 514 N Petway St 305 in Warren Park Condominiums, Franklin, 936 sqft, $1,600/mo, by Onward Real Estate.

The quick read

514 N Petway St 305 is a 2-bedroom, 2-bath rental home in Franklin, TN 37064, offered for rent at $1,600/mo.

School zone: assigned to Franklin Elementary, Freedom Middle School, Centennial High School. Attendance zones can change; verify current assignment with the district.

Next step: ask Grant Hammond anything about 514 N Petway St 305 (availability, pet terms, tours) and he replies personally, usually same day.

Analysis by Grant Hammond, Compass RE. Figures as of September 5, 2026. Realtracs via IDX.

This is a standard residential home, not a permitted short-term rental.

Description of 514 N Petway St 305

Rare Availability, Best Location! Best Deal in Franklin! * Light & Bright, IMMACULATE Condo tucked in the back of a Quiet, Cozy residential neighborhood in Downtown Franklin, less than a mile from the business district. * WASHER, DRYER & WATER ARE INCLUDED...* Next to Jim Warren Park, full of amenities & walkable to Town for Wonderful Shopping, Dining & Vibrant Night Life. * Featuring a Large Living Room, separate Dining or office area, & Fully Equipped Kitchen with Microwave, Disposal, Range, Refrigerator, & Dishwasher. * Beautiful Wood Floors in the Living areas, NEW CARPET in the Bedrooms & a Walk-in Closet in the Primary Suite. 2 Separate Baths sharing a Tub/Shower. * One designated Parking Space right at the entry & plenty of other Guest Parking. Great opportunity to get into sought after Downtown Franklin (a Hallmark Movie Town) at the lowest price! Rent & Security Deposit. No Administrative Fees.

Listing remarks via the Realtracs Internet Data Exchange.

Highlights

Built 1984

Full property details

Complete reported fields for 514 N Petway St 305 (reference).

MLS #3531059
StatusActive
Monthly rent$1,600/mo
Bedrooms2
Bathrooms2
Living area936 sqft
Year built1984
Stories1
HeatingCentral
All 21 property fields
CoolingYes
ParkingAsphalt, Assigned
AppliancesDishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
Interior featuresCeiling Fan(s), Walk-In Closet(s)
Water sourcePublic
SewerPublic Sewer
UtilitiesWater Available
SubdivisionWarren Park Condominiums
CountyWilliamson
ListedSeptember 2, 2026
Days on market44
UpdatedSeptember 5, 2026

Listing activity

DateEventPriceChange
Listed$1,600

Listed September 2, 2026, this listing has been on the market 44 days as of October 16, 2026. The asking price has not changed since it was listed.

  • County assessment: $187,000 total appraised value (land $50,000 + improvements $137,000).

County assessment from Williamson County public records; listing-cycle history tracked by the GH Market Engine.

Monthly rent

514 N Petway St 305 is offered for rent at $1,600 per month. This is a rental listing: there is no purchase price, mortgage payment or property-tax estimate on this page. Rent, lease term, deposit, fees and move-in date are set by the listing office and confirmed at application.

Monthly rent$1,600/mo

Asking rent per Realtracs, as of September 5, 2026; not a lease offer. Broker fees are not set by law and are fully negotiable.

How this rent compares

514 N Petway St 305 is offered at $1,600/mo, about 27% below the median asking rent for two-bedroom rentals in Franklin ($2,200/mo across 23 listings, October 2026).

For comparison, the median sale price for homes of all property types in Franklin was $1,050,000 (37 closings, October 2026). Owning at that price would run about $6,746/mo with 20% down at a 7.56% 30-year rate, including estimated property tax and insurance and before maintenance: about $5,146/mo more than this rent.

This listing$1,600/mo
Median asking rent, two-bedroom rentals in Franklin$2,200/mo (23 listings, October 2026)
Difference27% below the median
Rentals listed in Franklin112 (October 2026)
Median asking rent, ZIP 37064$3,613/mo (74 listings, October 2026)
Owning a median-priced home in Franklinabout $6,746/mo ($1,050,000 median sale, 37 closings, October 2026; 20% down at 7.56%, est. tax and insurance)

Asking rents, not achieved rents, from Realtracs listings via the GH Market Engine; medians abstain below five listings. Ownership estimate uses the same model as the sale pages and excludes maintenance and any owner association dues. Analysis by Grant Hammond, Compass RE; not an appraisal or a lease offer.

Location & neighborhood

514 N Petway St 305 sits in Warren Park Condominiums, Franklin, Williamson County.

Approximately 18 miles from downtown Nashville (straight-line distance).

Assigned schools

514 N Petway St 305 is zoned for Franklin Elementary, Freedom Middle School, Centennial High School. Attendance zones and enrollment change, confirm current zoning with the Williamson County Schools district before relying on it.

Elementary
Franklin Elementary
Middle
Freedom Middle School

Ask Grant about 514 N Petway St 305

Get the full details, recent comparable sales, and any off-market options for 514 N Petway St 305 - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.

Preferred tour time (optional)

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Similar & nearby

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Active rental listings near 514 N Petway St 305, by rent and size.

Listed by Gail Howie, Onward Real Estate. Properties marked with the MTRMLS logo are provided courtesy of the Realtracs Internet Data Exchange Program. Information believed accurate but not guaranteed. IDX by Diverse Solutions.

Nashville real estate insights

Read: Franklin, TN Home Prices by School Zone (2026)
Franklin, TN Home Prices by School Zone (2026)

What Franklin, TN homes cost per square foot in each Williamson County Schools zone: median price and $/sq ft for all seven high-school zones.

Read: Franklin TN Home Prices: The Williamson County Market Pulse
Franklin TN Home Prices: The Williamson County Market Pulse

Franklin TN home prices over the trailing six months: 978 closings, a $949,995 median, and the new-construction supply that keeps Williamson County near double the Davidson County median. A broker's data read, with live market stats, current MLS listings, and how Franklin compares to Brentwood.

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Frequently asked questions about 514 N Petway St 305

Is 514 N Petway St 305, Franklin still available for rent?

As of the latest update (September 5, 2026), 514 N Petway St 305, Franklin is active and available to lease, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.

How long has 514 N Petway St 305 been on the market?

514 N Petway St 305 was listed on September 2, 2026 and has been on the market 44 days as of October 16, 2026, per Realtracs.

Has the price of 514 N Petway St 305 changed?

No. The asking price has been $1,600 since it was listed on September 2, 2026.

How much is the rent for 514 N Petway St 305, Franklin?

514 N Petway St 305, Franklin is offered for rent at $1,600 per month. Lease term, deposit and move-in date are set by the listing office.

How many bedrooms and bathrooms does 514 N Petway St 305, Franklin have?

2 bedrooms and 2 bathrooms.

How does the rent at 514 N Petway St 305, Franklin compare to other rentals in Franklin?

514 N Petway St 305 is offered at $1,600/mo, about 27% below the median asking rent for two-bedroom rentals in Franklin ($2,200/mo across 23 listings, October 2026). Asking rents, not achieved rents, per Realtracs listings.

Would it cost less to buy a similar home in Franklin?

At the Franklin median sale price of $1,050,000 (37 closings, October 2026), owning would run about $6,746/mo with 20% down at 7.56%, estimated tax and insurance included: about $5,146/mo more than this rent, before maintenance.

Are pets permitted at 514 N Petway St 305, Franklin?

Pet policy is not reported for this listing; ask the listing office. Assistance animals are not pets under the Fair Housing Act.

When was 514 N Petway St 305, Franklin built?

514 N Petway St 305, Franklin was built in 1984.

Does 514 N Petway St 305, Franklin have a garage?

No garage is reported in the listing.

What subdivision is 514 N Petway St 305, Franklin in?

514 N Petway St 305, Franklin is in the Warren Park Condominiums subdivision of Franklin.

What schools is 514 N Petway St 305, Franklin zoned for?

514 N Petway St 305, Franklin is zoned for Franklin Elementary, Freedom Middle School, Centennial High School. Attendance zones and enrollment change, verify current zoning with the Williamson County Schools district.

How do I schedule a tour of 514 N Petway St 305, Franklin?

Request a time using the tour form on this page (in-person or a live video walkthrough), or call or text Grant Hammond, Compass RE, at (615) 945-7123. Most showings are confirmed within 24 to 48 hours.

How do I apply to rent 514 N Petway St 305, Franklin?

Applications, screening criteria, deposits and lease terms are set by the listing office. Grant Hammond, Compass RE, can arrange a showing and put you in touch with the listing office; start with the form on this page or call (615) 945-7123.

Are more photos and details available for 514 N Petway St 305, Franklin?

Yes. This page shows the full photo set and reported MLS fields; contact Grant Hammond, Compass RE, to arrange a showing or ask about the listing.

Who can tell me more about 514 N Petway St 305, Franklin?

Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.

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