Franklin, IN Rental Market Trends

What is the average rent in Franklin?

The average rent for an apartment in Franklin is $1,407. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Franklin, IN

Last updated February 2025
Average Rent Average Apartment Size
$1,407 989 sq. ft.

What is the average apartment size in Franklin?

The average size for a Franklin, IN apartment is 989 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.

Franklin, IN apartment rent ranges

Franklin, IN Occupied Housing Units

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

Franklin, IN rent trends

Access comprehensive real estate data and information on Yardi Matrix

How Franklin Compares to Other Cities

State Average Rent
Indianapolis $1,248
New Albany $1,090
Fort Wayne $1,153
South Bend $1,272
Bloomington $1,630
Greenwood $1,333
Jeffersonville $1,215
Lafayette $1,122
Carmel $1,620
Fishers $1,577
Lawrence $1,194
Plainfield $1,530
Avon $1,525
Camby $1,454
Greenfield $1,311
Brownsburg $1,500
Franklin $1,407
McCordsville $1,699
Danville $1,571
Martinsville $1,048
Southport $899

What is the average price for a storage unit in Franklin?

The average rent for a non-climate-controlled 10'x10' storage unit in Franklin is $88.33. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.

Most Popular Apartments in Franklin

1600 Traditions Court, Franklin, IN 46131
2 BEDS $1,250
3 BEDS $1,595
4 BEDS $1,795

820 Hospital Rd, Franklin, IN 46131
STUDIO $849
1 BED $929
2 BEDS N/A

722 In-144, Franklin, IN 46131
1 BED N/A
2 BEDS $1,399
3 BEDS N/A
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