What's the average rent in Franklin, IN?

Rental Market Trends in Franklin, IN

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Franklin, IN is $1,702 per month, which is 13% lower than the national average rent of $1,965 per month.

AVERAGE RENT

$1,702

-2.7%-$48 decrease month-over-month

1.0%$17 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,318

HOUSES

$1,895

TOWNHOUSES

$1,199

As of August 2026, townhomes are the most affordable rental option in Franklin, IN at $1,199 per month, while houses are the most expensive at $1,895 per month. Apartments average $1,318 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	$1,325
3 Bedrooms	$1,790
4 Bedrooms	$2,270
All	$1,702

As of August 2026, the average rent for a 1 bedroom rental in Franklin, IN is $1,099 per month, followed by $1,325 for a 2 bedroom rental, $1,790 for a 3 bedroom rental, and $2,270 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,000
2 Bedrooms	$1,275
3 Bedrooms	$1,289
4 Bedrooms	—
All	$1,289

As of August 2026, the average rent for a 1 bedroom apartment in Franklin, IN is $1,000 per month, followed by $1,275 for a 2 bedroom apartment, and $1,289 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,325
3 Bedrooms	$1,876
4 Bedrooms	$2,270
All	$1,895

As of August 2026, the average rent for a 2 bedroom house in Franklin, IN is $1,325 per month, followed by $1,876 for a 3 bedroom house, and $2,270 for a 4 bedroom house.