Franklin IN Apartments

16 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 decreased in May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Jun 2025$1,260
Jul 2025$1,151
Aug 2025$1,124
Sep 2025$1,225
Oct 2025$1,208
Nov 2025$1,263
Dec 2025$1,278
Jan 2026$1,232
Feb 2026$1,291
Mar 2026$1,216
Apr 2026$1,414
May 2026$1,398
View as a graph

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 bed2 beds3 beds4 bedsAll
All home types$875$1,300$1,865$2,008$1,850
Townhomes—$1,300——$1,300
Apartments and Condos$800$1,177$1,299—$1,177
Houses—$1,350$1,865$1,991$1,949

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 $1,422 per month. This is about 26% lower than the national average.
  • When is the average rent cheapest in Franklin, IN?
    In the last year, the average rent in Franklin, IN was lowest in Aug 2025 when it was $1,124 per month.
  • When is the average rent most expensive in Franklin, IN?
    In the last year, the average rent in Franklin, IN was highest in Jan 2025 when it was $1,492 per month.
  • How many apartments or condos are available to rent in Franklin, IN?
    There are 15 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.