Apartments for Rent in Franklin, IN

Prices and availability in Franklin, IN were last updated on 20 May 2026.

The best apartments in Franklin, IN are: 1301 Greenbriar Way Franklin, IN 46131, 978 Brookstone Dr Franklin, IN 46131, 2640 Branigan Creek Boulevard Franklin, IN 46131, 2891 Fieldstone Court Franklin, IN 46131 and Brixin Franklin.

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

The price range for a 2-bedroom apartment in Franklin, IN is between $1,249 and $1,495.

The price range for a 3-bedroom apartment in Franklin, IN is between $1,249 and $2,235.

In Franklin 34% of the housing is rented out compared to 66% of homes are owned, according to the most recent Census Bureau estimates. 6% of Franklin's apartments are found in large buildings of 50 units or more, 48% are located in smaller apartment complexes with less than 50 units, and 42% are single-family rentals.

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 26 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.

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.