Cheap Apartments for Rent in Franklin, IN
49 rentals
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Use arrow keys to navigatePET FRIENDLY$1,099 - $1,449/mo
1-3 Beds
1 BathStonebrook of Franklin | 722 State Highway 144 #5715399,
Franklin, IN 46131
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Use arrow keys to navigatePET FRIENDLY$1,184 - $2,497/mo1-3 Beds1-2 BathsFounders Pointe Apartments | 7505 Founders Way #201,
Franklin, IN 46131
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SPECIAL OFFERPET FRIENDLY$1,450 - $2,123/mo2-3 Beds2 BathsCity View Farm Apartments | 1037 W Jefferson St #11,
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 increased in Apr 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| May 2025 | $1,299 |
| Jun 2025 | $1,400 |
| 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 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $900 | $1,300 | $1,872 | $1,900 | $1,790 |
| Townhomes | — | $1,300 | — | — | $1,300 |
| Apartments and Condos | $875 | $1,210 | $1,299 | — | $950 |
| Houses | — | $1,350 | $1,885 | $1,925 | $1,900 |
Frequently Asked Questions about Rentals in Franklin, IN
- What is the average rent in Franklin, IN?The average rent in Franklin, IN is $1,850. Rent prices range from $800 to as much as $3,000, depending on the type of rental.
- How does the rent in Franklin, IN compare to the national average?Average rent in Franklin, IN is about 3% lower than the national average rent of $1,910. That means it is less expensive to rent in Franklin compared to the U.S. average.
- What is the average rent in Franklin, IN, by number of bedrooms?The average rent in Franklin, IN is $ for a studio, $875 for a 1 bedroom, $1,300 for a 2 bedroom, $1,865 for a 3 bedroom, and $2,008 for a 4 bedroom.
- How have rent prices in Franklin, IN changed compared to last year?In the past year, the average rent price in Franklin, IN has increased by $551. That means the average rent is 30% higher than last year.
- How many available rental listings are in Franklin, IN?There are 48 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.