What's the average rent in Franklin, IN?

Rental Market Trends in Franklin, IN

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Franklin, IN is $1,805 per month, which is 7% lower than the national average rent of $1,948 per month.

AVERAGE RENT

$1,805

7.3%$123 increase month-over-month

9.4%$155 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,360

HOUSES

$1,893

TOWNHOUSES

$1,150

As of September 2026, townhomes are the most affordable rental option in Franklin, IN at $1,150 per month, while houses are the most expensive at $1,893 per month. Apartments average $1,360 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,318
2 Bedrooms	$1,300
3 Bedrooms	$1,840
4 Bedrooms	$2,055
All	$1,805

As of September 2026, the average rent for a 1 bedroom rental in Franklin, IN is $1,318 per month, followed by $1,300 for a 2 bedroom rental, $1,840 for a 3 bedroom rental, and $2,055 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,200
3 Bedrooms	$1,289
4 Bedrooms	—
All	$1,289

As of September 2026, the average rent for a 2 bedroom apartment in Franklin, IN is $1,200 per month, followed by $1,289 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,300
3 Bedrooms	$1,840
4 Bedrooms	$2,055
All	$1,893

As of September 2026, the average rent for a 2 bedroom house in Franklin, IN is $1,300 per month, followed by $1,840 for a 3 bedroom house, and $2,055 for a 4 bedroom house.