What's the average rent in Franklin, IN?

Rental Market Trends in Franklin, IN

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Franklin, IN is $1,740 per month, which is 10% lower than the national average rent of $1,932 per month.

AVERAGE RENT

$1,740

-2.8%-$50 decrease month-over-month

5.5%$90 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,490

HOUSES

$1,795

TOWNHOUSES

$1,140

As of November 2026, townhomes are the most affordable rental option in Franklin, IN at $1,140 per month, while houses are the most expensive at $1,795 per month. Apartments average $1,490 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,529
2 Bedrooms	$1,300
3 Bedrooms	$1,771
4 Bedrooms	$1,966
All	$1,740

As of November 2026, the average rent for a 1 bedroom rental in Franklin, IN is $1,529 per month, followed by $1,300 for a 2 bedroom rental, $1,771 for a 3 bedroom rental, and $1,966 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,140
3 Bedrooms	$1,500
4 Bedrooms	—
All	$1,140

As of November 2026, the average rent for a 2 bedroom townhome in Franklin, IN is $1,140 per month, followed by $1,500 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,100
2 Bedrooms	$1,295
3 Bedrooms	$1,249
4 Bedrooms	—
All	$1,199

As of November 2026, the average rent for a 1 bedroom apartment in Franklin, IN is $1,100 per month, followed by $1,295 for a 2 bedroom apartment, and $1,249 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,350
2 Bedrooms	$1,350
3 Bedrooms	$1,771
4 Bedrooms	$1,966
All	$1,795

As of November 2026, the average rent for a 1 bedroom house in Franklin, IN is $1,350 per month, followed by $1,350 for a 2 bedroom house, $1,771 for a 3 bedroom house, and $1,966 for a 4 bedroom house.