Cheap Houses for Rent in Franklin, IN

31 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 increased in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
Jun 2025$1,925
Jul 2025$1,815
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
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
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 $1,949. Rent prices range from $1,299 to as much as $3,000, depending on the type of house.
  • How does the rent of a house in Franklin, IN compare to the national average?
    Average rent of a house in Franklin, IN is about 2% higher than the national average rent of $1,910 for a house. That means it is more expensive to rent a house in Franklin compared to the U.S. average.
  • What is the average rent of a house in Franklin, IN, by number of bedrooms?
    The average rent of a house in Franklin, IN is $ for a 1 bedroom, $1,350 for a 2 bedroom, $1,865 for a 3 bedroom, and $1,991 for a 4 bedroom.
  • How have rent prices of a house in Franklin, IN changed compared to last year?
    In the past year, the average rent price of a house in Franklin, IN has increased by $84. That means the average rent of a house is 4% higher than last year.
  • How many houses are available to rent in Franklin, IN?
    There are 33 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.