Franklin, IN Rental Market Trends
What is the average rent in Franklin?
The average rent for an apartment in Franklin is $894, a 6% increase compared to the previous year, when the average rent was $846.
Average Rent in Franklin, IN
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$894||6%||905 sq. ft.|
What is the average apartment size in Franklin?
The average size for a Franklin, IN apartment is 905 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
3,063 or 32% of the households in Franklin, IN are renter-occupied while 6,232 or 67% are owner-occupied.
Franklin, IN Rent Trends
|Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Sep / 2021|
How Franklin Compares to Other Cities
|Average Rent||Y-o-Y Change|