Cheap Apartments for Rent in 46131
46 rentals
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Use arrow keys to navigatePET FRIENDLY$1,099 - $1,249/mo
1-2 Beds
1 BathStonebrook of Franklin | 722 State Highway 144 #774,
Franklin, IN 46131
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PET FRIENDLY$1,357 - $2,404/mo1-3 Beds1-2 BathsFounders Pointe Apartments | 7505 Founders Way #201,
Franklin, IN 46131
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SPECIAL OFFERPET FRIENDLY$1,439 - $2,095/mo2-3 Beds2 BathsCity View Farm Apartments | 1037 W Jefferson St #11,
Franklin, IN 46131
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PET FRIENDLY$1,899 - $2,200/mo3 Beds2 BathsThe Links at Franklin | 1902 Sawgrass Dr #fb18d2ad0,
Franklin, IN 46131
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Average Rent Trends in 46131
Rent in 46131 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,495 |
| Jul 2025 | $1,765 |
| Aug 2025 | $1,700 |
| Sep 2025 | $1,716 |
| Oct 2025 | $1,647 |
| Nov 2025 | $1,639 |
| Dec 2025 | $1,650 |
| Jan 2026 | $1,572 |
| Feb 2026 | $1,600 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,685 |
| May 2026 | $1,850 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,124 | $1,300 | $1,865 | $1,997 | $1,865 |
| Townhomes | — | $1,300 | — | — | $1,300 |
| Apartments and Condos | $800 | $1,177 | $1,299 | — | $1,177 |
| Houses | — | $1,350 | $1,870 | $1,997 | $1,943 |
Frequently Asked Questions about Rentals in 46131
- What is the average rent of an apartment in 46131?The average rent of an apartment in 46131 is $1,410 per month. This is about 27% lower than the national average.
- What is the average rent of a house in 46131?The average rent of a house in 46131 is $1,943 per month. This is about 1% higher than the national average.
- What is the average rent of a townhome in 46131?The average rent of a townhome in 46131 is $1,300 per month. This is about 33% lower than the national average.
- When is the average rent cheapest in 46131?In the last year, the average rent in 46131 was lowest in May 2025 when it was $1,299 per month.
- When is the average rent most expensive in 46131?In the last year, the average rent in 46131 was highest in Jul 2025 when it was $1,765 per month.
- How many available rental listings are in 46131?There are 49 available rental listings in 46131.
- What are some cities near 46131?Some nearby cities include: Franklin, Whiteland, Needham, New Whiteland, Princes Lakes, Edinburgh. These cities may have more rental options to explore.