Cheap Apartments for Rent in Franklin, IN
45 rentals
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PET FRIENDLY$1,350 - $1,998/mo
1-3 Beds
1-2 BathsFounders Pointe Apartments | 7505 Founders Way #304,
Franklin, IN 46131
NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$1,389 - $1,633/mo2-3 Beds2 BathsCity View Farm Apartments | 1037 W Jefferson St #11,
Franklin, IN 46131
PET FRIENDLYTotal price$1,434 - $1,949/mo2-4 Beds2 BathsBrixin Franklin | 1600 Traditions Ct #2-2911,
Franklin, IN 46131
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PET FRIENDLY$1,899 - $2,200/mo3 Beds2 BathsThe Links at Franklin | 1902 Sawgrass Dr #fb18d2ad0,
Franklin, IN 46131
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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 Jun 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $1,765 |
| Aug 2025 | $1,700 |
| Sep 2025 | $1,716 |
| 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 |
Average Rent By Bedroom and Home Type
In June 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,099 | $1,300 | $1,850 | $2,017 | $1,799 |
| Townhomes | — | $1,663 | — | — | $1,663 |
| Apartments and Condos | $842 | $1,175 | $1,500 | — | $1,175 |
| Houses | — | $1,325 | $1,850 | $2,017 | $1,985 |
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 $1,238 per month. This is about 37% lower than the national average.
- What is the average rent of a house in Franklin, IN?The average rent of a house in Franklin, IN is $1,985 per month. This is about 2% higher than the national average.
- What is the average rent of a townhome in Franklin, IN?The average rent of a townhome in Franklin, IN is $1,663 per month. This is about 15% 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 May 2025 when it was $1,299 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 Jul 2025 when it was $1,765 per month.
- How many available rental listings are in Franklin, IN?There are 42 available rental listings 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.