Cheap Apartments for Rent in 46131
58 rentals
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SPECIAL OFFERPET FRIENDLYTotal price$1,534 - $1,949/mo
3-4 Beds
2 BathsBrixin Franklin | 1600 Traditions Ct,
Franklin, IN 46131
PET FRIENDLY$1,548 - $1,679/mo1-3 Beds1-2 BathsFounders Pointe Apartments | 7505 Founders Way,
Franklin, IN 46131
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SPECIAL OFFERPET FRIENDLY$1,716 - $1,961/mo2-3 Beds2 BathsCity View Farm Apartments | 1037 W Jefferson St,
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 stayed about the same in Aug 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $1,875 |
| Jul 2026 | $1,775 |
| Aug 2026 | $1,780 |
Average Rent By Bedroom and Home Type
In August 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 | $1,099 | $1,289 | $1,802 | $1,950 | $1,708 |
| Townhomes | — | $1,199 | — | — | $1,199 |
| Apartments and Condos | $850 | $1,199 | $1,289 | — | $1,199 |
| Houses | — | $1,600 | $1,895 | $1,950 | $1,901 |
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 $1,338 per month. This is about 32% 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 51 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.
View this page in Spanish: Apartamentos baratos en renta en 46131 - 79 Rentas | Trulia