Cheap Apartments for Rent in Franklin, IN
60 rentals
Use arrow keys to navigateAPPLY INSTANTLYFURNISHEDROOM FOR RENT
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigateNEW - 2 DAYS AGOAPPLY INSTANTLYPET FRIENDLY
Use arrow keys to navigate
Use arrow keys to navigate
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
APPLY INSTANTLYPET FRIENDLY
APPLY INSTANTLY
PET FRIENDLYTotal price$1,434 - $1,949/mo
2-4 Beds
2 BathsBrixin Franklin | 1600 Traditions Ct,
Franklin, IN 46131
PET FRIENDLY
APPLY INSTANTLY
SPECIAL OFFERPET FRIENDLY$1,524 - $2,088/mo1-3 Beds1-2 BathsFounders Pointe Apartments | 7505 Founders Way,
Franklin, IN 46131
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
SPECIAL OFFERPET FRIENDLY$1,632 - $2,303/mo2-3 Beds2 BathsCity View Farm Apartments | 1037 W Jefferson St,
Franklin, IN 46131
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
Save Search in Franklin, IN
FranklinGet emails when new homes match this search
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 stayed about the same 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 | $1,635 |
| Jan 2026 | $1,572 |
| Feb 2026 | $1,600 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,685 |
| May 2026 | $1,865 |
| Jun 2026 | $1,875 |
| Jul 2026 | $1,757 |
| Aug 2026 | $1,715 |
| Sep 2026 | $1,712 |
Average Rent By Bedroom and Home Type
In September 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 | $1,318 | $1,300 | $1,840 | $2,055 | $1,805 |
| Townhomes | — | $1,150 | — | — | $1,150 |
| Apartments and Condos | — | $1,200 | $1,289 | — | $1,289 |
| Houses | — | $1,300 | $1,840 | $2,055 | $1,893 |
Frequently Asked Questions about Rentals in Franklin, IN
- What is the average rent of an apartment in Franklin, IN?The average rent of an apartment in Franklin, IN is $1,360 per month. This is about 30% lower than the national average.
- What are the cheapest months to find an apartment to rent in Franklin, IN?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 Franklin, IN?There are 31 apartments to rent that are cheaper than the city’s average rent of $1,805.
- When is the average rent most expensive in Franklin, IN?In the last year, the average rent in Franklin, IN was highest in Jul 2025 when it was $1,765 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 $1,318 per month. That is about $468 more than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en Franklin, IN - 90 Rentas | Trulia