Cheap Apartments for Rent in 46131
72 rentals
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APPLY INSTANTLY
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NEW - 2 DAYS AGOPET FRIENDLYTotal price$1,434 - $1,949/mo
2-4 Beds
2 BathsBrixin Franklin | 1600 Traditions Ct,
Franklin, IN 46131
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SPECIAL OFFERPET FRIENDLY$1,487 - $2,088/mo1-3 Beds1-2 BathsFounders Pointe Apartments | 7505 Founders Way,
Franklin, IN 46131
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SPECIAL OFFERPET FRIENDLY$1,749 - $2,303/mo2-3 Beds2 BathsCity View Farm Apartments | 1037 W Jefferson St,
Franklin, IN 46131
NEW - 1 DAY AGOPET FRIENDLY
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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 decreased in Sep 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $1,875 |
| Jul 2026 | $1,775 |
| Aug 2026 | $1,780 |
| Sep 2026 | $1,750 |
Average Rent By Bedroom and Home Type
In October 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $900 | $1,325 | $1,795 | $2,025 | $1,750 |
| Townhomes | — | $1,150 | — | — | $1,150 |
| Apartments and Condos | $1,175 | $1,200 | $1,289 | — | $1,200 |
| Houses | $900 | $1,400 | $1,795 | $2,050 | $1,868 |
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 $1,344 per month. This is about 31% lower than the national average.
- What are the cheapest months to find an apartment to rent in 46131?Last year, the cheapest month to find an apartment to rent was May 2025 when it was $1,299 per month.
- How many cheap apartments are available in 46131?There are 35 apartments to rent that are cheaper than the city’s average rent of $1,750.
- 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.
- 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.
View this page in Spanish: Apartamentos baratos en renta en 46131 - 98 Rentas | Trulia