What's the average rent in Franklin, IN?

Rental Market Trends in Franklin, IN

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Franklin, IN is $1,799 per month, which is 8% lower than the national average rent of $1,951 per month.

AVERAGE RENT

$1,799

-1.6%-$30 decrease month-over-month

-2.0%-$36 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,238

HOUSES

$1,985

TOWNHOUSES

$1,663

As of June 2026, apartments are the most affordable rental option in Franklin, IN at $1,238 per month, while houses are the most expensive at $1,985 per month. Townhomes average $1,663 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,099
2 Bedrooms	$1,300
3 Bedrooms	$1,850
4 Bedrooms	$2,017
All	$1,799

As of June 2026, the average rent for a 1 bedroom rental in Franklin, IN is $1,099 per month, followed by $1,300 for a 2 bedroom rental, $1,850 for a 3 bedroom rental, and $2,017 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$803
2 Bedrooms	$1,175
3 Bedrooms	$1,500
4 Bedrooms	—
All	$1,175

As of June 2026, the average rent for a 1 bedroom apartment in Franklin, IN is $803 per month, followed by $1,175 for a 2 bedroom apartment, and $1,500 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,325
3 Bedrooms	$1,850
4 Bedrooms	$2,017
All	$1,985

As of June 2026, the average rent for a 2 bedroom house in Franklin, IN is $1,325 per month, followed by $1,850 for a 3 bedroom house, and $2,017 for a 4 bedroom house.