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Cheap Apartments for Rent in Franklin, IN
9 Rentals Available

Apartments Under $700

  • 820 Hospital Rd - Office, Franklin, IN 46131
    • Studio-2 Beds
    • 1-2 Baths
    Elon Management
    Contact for availability Today
    (844) 701-3234

Apartments Under $1,000

  • (3)
    20 Village Crossing Drive South, Greenwood, IN 46143
    $925 - $1,200
    • 2-4 Beds
    • 2 Baths
    Crestline Communities
    7 Units available Today
    (317) 881-8811
  • (4)
    1180 Emerald Lakes Drive, Greenwood, IN 46143

    Contact for Pricing

    • 1-2 Beds
    • 1-2 Baths
    Hills Developers, Inc.
    Contact for availability Today

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What are the advantages of renting a cheap apartment in Franklin, IN?

Cheap apartments in Franklin, IN are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Franklin, IN?

A cheap apartment in Franklin, IN offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Franklin, IN.

Franklin, IN Demographics

  • Total Population25,106
  • Female 12,249
    Male 12,857
  • Median Age37.9

Average Rent in Franklin, IN

  • Franklin, IN Average Rental Price, September 2021 $894 /mo

Franklin, IN Apartment Rent Ranges

Franklin, IN Rent Trends

Average Rent Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Sep / 2021
Franklin, IN $729 $769 $780 $798 $810 $822 $846 $840 $860 $894
National $1,347 $1,356 $1,361 $1,393 $1,400 $1,402 $1,393 $1,397 $1,485 $1,510

Franklin, IN Households

  • Total Number of Households9,295
  • Family 6,232
    Non-family 3,063
  • Children 3,230
    No Children 6,065
  • Average People Per Household2.57
  • Median Household Income$59,930
  • Median Housing Costs Per Month$918

Franklin, IN Education Statistics

Looking for a cheap apartment for rent in Franklin, IN? With RENTCafé, finding an affordable apartment in Franklin, IN has never been easier. We feature 9 low-priced rentals directly from property managers, with rents lower than the Franklin, IN average. What is a cheap rent in Franklin, IN? The average apartment rent in Franklin is $894 per month so any rental south of $715 would be considered cheap here. On RENTCafé, Franklin, IN rents go as low as $699/mo.

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