Cheap Houses for Rent in Franklin, IN

34 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 house decreased in Jul 2026 compared to the previous month. Rent for houses peaked in Jun 2025.
MonthAverage rent
Aug 2025$1,776
Sep 2025$1,750
Oct 2025$1,750
Nov 2025$1,700
Dec 2025$1,700
Jan 2026$1,650
Feb 2026$1,705
Mar 2026$1,835
Apr 2026$1,885
May 2026$1,943
Jun 2026$1,970
Jul 2026$1,883
View as a graph

Average Rent By Bedroom and Home Type

In July 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$1,099$1,325$1,790$2,270$1,702
Townhomes—$1,400——$1,400
Apartments and Condos$1,000$1,275$1,289—$1,289
Houses—$1,325$1,876$2,270$1,895
See more information about local market trends in Franklin, IN

Frequently Asked Questions about Houses for rent in Franklin, IN

  • What is the average rent of a house in Franklin, IN?
    The average rent of a house in Franklin, IN is $1,895 per month. This is about 4% lower than the national average.
  • When is the average rent for a house cheapest in Franklin, IN?
    In the last year, the average rent in Franklin, IN was lowest in Nov 2025 when it was $1,700 per month.
  • When is the average rent for a house most expensive in Franklin, IN?
    In the last year, the average rent in Franklin, IN was highest in Jun 2025 when it was $1,925 per month.
  • How does the rent of a 3 bedroom house compare to a 2 bedroom house in Franklin, IN?
    The average rent of a 3 bedroom house in Franklin, IN is $1,876 per month. That is about $551 more than the cost of a 2 bedroom house.
  • How many houses are available to rent in Franklin, IN?
    There are 36 available houses 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.
View this page in Spanish: Casas baratas en renta en Franklin, IN - 171 Rentas | Trulia