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3 Bedroom Apartments for Rent in Franklin, IN - 16 Rentals available

Franklin, IN Demographics

  • Total Population24,090
  • Female 11,536
    Male 12,554
  • Median Age37.4

Average Rent for 3 Bedroom apartments in Franklin, IN

  • The average rent for a 3 Bedroom apartment in Franklin, IN, July 2018$729/mo
  • 1 Bedroom$643
  • 2 Bedrooms$692
  • 3 Bedrooms$899

Franklin, IN 3 Bedroom Apartment Rent Ranges

  • $501-$70032%
  • $701-$1,00025%
  • $1,001-$1,50043%

Franklin, IN 3 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Jul / 2018 $729 $899
Sept / 2017 $721 $851
May / 2017 $723 $874
Jan / 2017 $731 $908
Sept / 2016 $722 $875
May / 2016 $704 $858
Jan / 2016 $708 $848
Sept / 2015 $692 $848
May / 2015 $699 $851
Jan / 2015 $695 $852
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Franklin, IN Households

  • Total Number of Households8,887
  • Children 3,133
    No Children 5,754
  • Average People Per Household2.57
  • Median Household Income$51,033
  • Median Housing Costs Per Month$906

Franklin, IN Education Statistics

  • No High School3%
  • Some High School43%
  • Some College24%
  • Associate Degree9%
  • Bachelor Degree14%
  • Graduate Degree7%

Renting a 3 bedroom apartment in Franklin, IN

Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,793 Sqft. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Franklin, IN, rents on 3 bedroom apartments go up to $1,760. 13 rental properties offer 3 bedroom units in Franklin, IN to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.

Tips on finding a cheap 3 bedroom apartment in Franklin, IN

For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $815 in Franklin, IN, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like Heritage or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.