What is the average apartment size in Franklin?

The average size for a Franklin, IN apartment is 984 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Franklin?

As of Oct / 2025, the average rent in Franklin is $1,381 per month, a 0.38% decrease from last year’s average of $1,386.

What is the average apartment size in Franklin?

The typical apartment in Franklin offers about 984 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Franklin, IN Rental Market Trends

Q: What's the typical rent budget in Franklin?

The typical rent budget in Franklin ranges from $1,001 to $1,500 per month, with 75% of rentals in this range.

Q: Do most people rent or own in Franklin?

In Franklin, 34% of households rent while 66% own their homes, based on the latest U.S. Census data.

Last updated: November 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Franklin is $1,381, a 0.38% decrease compared to the previous year, when the average rent was $1,386.

One-bedroom apartments provide 712 square feet for $1,158, balancing privacy and affordability.

Two-beedroom units at $1,272 offer 942 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,250 sq ft) for $1,751, suitable for larger households.

Average rent in Franklin, IN

Last updated: November 19, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,381	984 sq. ft.
Studio	n/a	n/a
1 Bed	$1,158	712 sq. ft.
2 Beds	$1,272	942 sq. ft.
3 Beds	$1,751	1,250 sq. ft.

Franklin, IN rent trends

Rental prices in Franklin, IN have decreased by 0.38% over the past year. The average rent moved from $1,386 to $1,381.

What's the typical rent budget in Franklin, IN?

The largest share of rentals in Franklin, IN (75%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Franklin, IN?

3,121 or 34% of the households in Franklin, IN are renter-occupied while 6,165 or 66% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Franklin Compares to Other Cities

City	Average Rent
Franklin	$1,381
Indianapolis	$1,250
Evansville	$1,024
Bloomington	$1,595
New Albany	$1,114
Fort Wayne	$1,126
Lafayette	$1,168
Jeffersonville	$1,223
Hammond	$1,224
South Bend	$1,343
Greenwood	$1,372
Carmel	$1,662
Fishers	$1,653
Plainfield, IN	$1,564
Columbus, IN	$1,296
Lawrence, IN	$1,219
Brownsburg, IN	$1,654
Avon, IN	$1,517
Greenfield, IN	$1,359
Camby, IN	$1,499
McCordsville, IN	$1,739

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Franklin apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.