What's the average rent in Franklin, IN?

Rental Market Trends in Franklin, IN

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SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Franklin, IN is $1,790 per month, which is 6% lower than the national average rent of $1,910 per month.

AVERAGE RENT

$1,790

6.2%$105 increase month-over-month

3.8%$65 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,422

HOUSES

$1,949

TOWNHOUSES

$1,300

As of May 2026, townhomes are the most affordable rental option in Franklin, IN at $1,300 per month, while houses are the most expensive at $1,949 per month. Apartments average $1,422 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$875
2 Bedrooms	$1,300
3 Bedrooms	$1,865
4 Bedrooms	$2,008
All	$1,850

As of May 2026, the average rent for a 1 bedroom rental in Franklin, IN is $875 per month, followed by $1,300 for a 2 bedroom rental, $1,865 for a 3 bedroom rental, and $2,008 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$800
2 Bedrooms	$1,177
3 Bedrooms	$1,299
4 Bedrooms	—
All	$1,177

As of May 2026, the average rent for a 1 bedroom apartment in Franklin, IN is $800 per month, followed by $1,177 for a 2 bedroom apartment, and $1,299 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,350
3 Bedrooms	$1,865
4 Bedrooms	$1,991
All	$1,949

As of May 2026, the average rent for a 2 bedroom house in Franklin, IN is $1,350 per month, followed by $1,865 for a 3 bedroom house, and $1,991 for a 4 bedroom house.