What’s the average rent in Franklin, IN?

The average rent in Franklin, IN is $1,390. Start your search for apartments in Franklin, IN now.

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Apartments in Cumberland Trails $1,390
Apartments in Harmony Hill $1,390
Apartments in Heritage $1,390
Apartments in Hillview Village $1,390
Apartments in Knollwood Farms $1,390
Apartments in Lochry $1,390
Apartments in Los Ranchos $1,390
Apartments in Meadows at Simon Farms $1,390

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Average rent in Franklin, IN

$1,390/mo Franklin, IN average rental price, November 2024

The average monthly rent of apartments in Franklin, IN is $1,390.

Franklin, IN apartment rent ranges

About 27% of apartment rents in Franklin, IN range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 2% of apartments. Around 59% of Franklin’s apartments are in the $1,001-$1,500 price range. 11% of apartments are priced between $701-$1,000.

Franklin, IN rent trends

Check out the average rent prices in Franklin by neighborhood.

Compared to the national average rent of $1,748, the average rent in Franklin, IN is $1,390.

Getting around in Franklin, IN

24 /100

Car-Dependent

33 /100

Somewhat Bikeable

Walk Score®: 24, Bike Score®: 33

Frequently asked questions

When were prices and availability in Franklin, IN last updated?

Prices and availability in Franklin, IN were last updated on 17 Jan 2025.

What are the best apartments in Franklin, IN?

The best apartments in Franklin, IN are: Meadowood, Stonebrook of Franklin, 2329 Bridlewood Dr, Brixin Franklin and 3895 Tamara Way Franklin, IN 46131.

What is the average rent in Franklin, IN?

The average rent in Franklin, IN is $1,390.

What is the price range for a studio apartment in Franklin, IN?

The price range for a studio apartment in Franklin, IN is between $979 and $1,014.

What is the price range for a 1-bedroom apartment in Franklin, IN?

The price range for a 1-bedroom apartment in Franklin, IN is between $979 and $1,014.

What is the price range for a 2-bedroom apartment in Franklin, IN?

The price range for a 2-bedroom apartment in Franklin, IN is between $979 and $1,875.

What is the price range for a 3-bedroom apartment in Franklin, IN?

The price range for a 3-bedroom apartment in Franklin, IN is between $1,535 and $1,875.

What type of rental buildings are in Franklin, IN?

In Franklin, 32% of the residents are renting compared to 68% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 9% of Franklin’s rentals, 48% are small-scale complexes with under 50 units, and 40% are single-family rentals.

What do typical apartment communities look like in Franklin, IN?

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city.  In this case, the apartment buildings in Franklin are about 24 years old, on average. Of these, 49% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

What apartment floorplans are common in Franklin, IN?

Rental apartments in Franklin come in a range of sizes and floorplans. Studio apartments represent 0.4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 26% of the total apartments in the city, while 2-bedroom floorplans represent around 56% of all rentals in Franklin. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.

Living in Franklin, IN

Franklin, a city in Johnson County, Indiana, is conveniently located about 20 miles south of Indianapolis. This proximity allows residents easy access to the larger city's amenities while enjoying a quieter, suburban lifestyle. Franklin is a hub for the manufacturing sector, hosting several large companies that bolster the local economy. For outdoor enthusiasts, Franklin offers picturesque spaces like the 110-acre Franklin Community Park, which provides ample opportunities for recreation including walking trails, sports fields, and a large playground. Franklin's arts scene is thriving with the presence of the Artcraft Theatre, a historic 1922 movie house that now hosts film series, concerts, and other cultural events. The city's rich history is also preserved at sites like the Johnson County Museum of History. Diverse neighborhoods cater to various lifestyles, whether one is seeking a bustling community atmosphere or a quieter suburban feel. Culinary offerings in Franklin are varied, with local dining favorites serving everything from classic American to authentic Asian cuisines. The Franklin Community School Corporation serves the area, ensuring educational opportunities for families residing in the city.

Renting in Franklin, IN

Franklin provides a variety of rental options across its different neighborhoods. Architectural styles range from modern apartment complexes to charming single-family homes. Historic downtown Franklin is a desirable area for those who appreciate older, character-rich homes close to cultural institutions like the Franklin College and local cafes. On the other hand, newer developments near Interstate 65 offer more contemporary housing options with convenient access to both Franklin and Indianapolis. Typical rental properties include spacious apartments, townhomes, and detached houses, catering to everyone from young professionals to larger families.

Shopping in Franklin, IN

Franklin boasts several shopping centers including Franklin Place and Canary Creek Shopping Center, offering a mix of national retailers and local shops. The downtown area is known for its specialty stores and antique shops, providing a unique shopping experience that contrasts with the more standard offerings of larger malls. Common grocery chains like Kroger and Walmart are present, along with local markets such as Courtney's Kitchen & Grocery which offers homemade goods and local produce.

Transportation in Franklin, IN

Public transportation in Franklin includes a local bus service that connects residents to key areas within the city and nearby Indianapolis. The Franklin Double Map App aids users in navigating these routes effectively. Major highways such as U.S. 31 and I-65 are easily accessible, facilitating straightforward travel both within and outside the city. Although Franklin does not have its own airport, the Indianapolis International Airport is less than an hour's drive away, supporting regional and international travel needs.

Look for apartments near me

Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!

RentCafe is your one-stop shop for finding a great new apartment in Franklin, IN. Easily search through a wide selection of apartments for rent in Franklin, IN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Franklin, IN apartments with rents starting from $887 and submit your rental application today!

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!

STUDIO	Ask for Pricing
1 BED	$979+
2 BEDS	Ask for Pricing

1 BED	Ask for Pricing
2 BEDS	Ask for Pricing
3 BEDS	Ask for Pricing

2 BEDS	Ask for Pricing
3 BEDS	Ask for Pricing
4 BEDS	$1,875

1 BED	Ask for Pricing
2 BEDS	Ask for Pricing

1 BED	$1,153+
2 BEDS	$1,335+

Apartments for Rent in Franklin, IN 27 Rentals Available

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