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Apartments for Rent in Franklin, IN under $1000 – 12 Rentals available

  • Apartment
    1600 Traditions Court, Franklin, IN 46131
    $875 - $2,010
    • 2-4 Beds
    • 2 Baths
    Eenhoorn
    Available Today!
    (317) 868-1263
  • Apartment
    820 Hospital Rd - Office, Franklin, IN 46131
    $749 - $859
    • Studio-2 Beds
    • 1-2 Baths
    Available Today!
    (844) 701-3234
  • Apartment
    401 North Main Street, Franklin, IN 46131
    $749 - $869
    • 1-2 Beds
    • 1 Bath
    3D Management Group, LLC.
    Available Today!
    (317) 560-4021

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Franklin, IN Demographics

  • Total Population24,489
  • Female 11,914
    Male 12,575
  • Median Age38

Average Rent in Franklin, IN

  • Franklin, IN Average Rental Price, May 2019$769/mo

Franklin, IN Apartment Rent Ranges

  • $501-$70032%
  • $701-$1,00058%
  • $1,001-$1,50010%

Franklin, IN Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 May / 2019
Franklin, IN $708 $704 $722 $731 $723 $721 $729 $729 $769
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
/

Average rent is projected to grow by 3% in 2018 compared to 2017.

Please note that projected rent growth is calculated at city level.

Average rent values on this page are aggregated from data from zip code 46131

Check out the average rent prices in Franklin by neighborhood.

Franklin, IN Households

  • Total Number of Households9,202
  • Family 6,122
    Non-family 3,080
  • Children 3,066
    No Children 6,136
  • Average People Per Household2.53
  • Median Household Income$56,367
  • Median Housing Costs Per Month$898

Franklin, IN Education Statistics

  • No High School3%
  • Some High School42%
  • Some College26%
  • Associate Degree8%
  • Bachelor Degree14%
  • Graduate Degree8%

Apartments in Franklin, IN under $1,000

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $1,000?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 12 apartments for rent in Franklin, IN on which you’ll spend less than $1,000. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $1,000

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $1,000. The average rental size in Franklin, IN is 920 Sqft, but the $1,000 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

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