Franklin IN Apartments

20 rentals

Apartments For Rent Near Franklin, IN

We found 30 more apartments matching your filters just outside Franklin

Average Rent Trends in Franklin, IN

Rent in Franklin, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment stayed about the same in Nov 2026 compared to the previous month. Rent for apartments peaked in Jan 2025.
MonthAverage rent
Dec 2025$1,278
Jan 2026$1,232
Feb 2026$1,291
Mar 2026$1,216
Apr 2026$1,416
May 2026$1,399
Jun 2026$1,401
Jul 2026$1,280
Aug 2026$1,331
Sep 2026$1,340
Oct 2026$1,477
Nov 2026$1,466
View as a graph

Average Rent By Bedroom and Home Type

In November 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,350$1,295$1,746$1,943$1,740
Townhomes—$1,135$1,500—$1,135
Apartments and Condos$1,100$1,250$1,227—$900
Houses$1,350$1,300$1,795$1,943$1,845
See more information about local market trends in Franklin, IN

Frequently Asked Questions about Apartments and Condos for rent in Franklin, IN

  • What is the average rent of an apartment in Franklin, IN?
    The average rent of an apartment in Franklin, IN is $1,392 per month.
  • When is the average rent for an apartment cheapest in Franklin, IN?
    In 2025, the average rent for an apartment in Franklin, IN was lowest in August when it was $1,124 per month.
  • When is the average rent for an apartment most expensive in Franklin, IN?
    In 2025, the average rent for an apartment in Franklin, IN was highest in January when it was $1,492 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Franklin, IN?
    The average rent of a 1 bedroom apartment in Franklin, IN is $1,244 per month. That is about $444 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in Franklin, IN?
    There are 21 available apartments or condos to rent in Franklin, IN.
  • What are some neighborhoods in Franklin, IN?
    Some neighborhoods in Franklin, IN include: Amity.
  • What are some zip codes in Franklin, IN?
    Franklin, IN includes zip codes such as: 46131.
  • What are some cities near Franklin, IN?
    Some nearby cities include: Whiteland, New Whiteland, Needham, Princes Lakes, Trafalgar. These cities may have more rental options to explore.
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