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Studio Apartments for Rent in Franklin, IN
8 Rentals Available

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    820 Hospital Rd, Franklin, IN 46131
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  • Top Rated for Location
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    800 Kings Mill Road, Greenwood, IN 46142
    2 Units available
    • Studio
    • $769+
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    8026 Mcfarland Court, Indianapolis, IN 46227
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    • Studio
    • $689+
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    2760 Cherry Glen Way, Indianapolis, IN 46227
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    3714 Bartlett Ave, Indianapolis, IN 46227
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    2230 Applegate Dr., Columbus, IN 47203
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    • $799+
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    7980 Dunston Drive, Indianapolis, IN 46239
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1-6-city

Popular searches Average rent Renters guide Demographics

Average rent in Franklin, IN

$979/mo Franklin, IN average rental price, September 2022
Image Average Rent

Apartments in Franklin, IN rent for $979 per month, on average.

Franklin, IN apartment rent ranges

Franklin, IN rent trends

Franklin, IN demographics

The total population of Franklin, IN is 25,276, of which 11,988 are men and 13,288 are women, according to the most recent U.S. Census Bureau estimates. The residents of Franklin have a median age of 35.7.

Franklin, IN households

  • 6,115 Family
    3,045 Non-family
  • 3,200 Children
    5,960 No Children
  • 9,160Total Number of Households
  • 2.63Average People Per Household
  • $60,500Median Household Income

A total of 9,160 households live in Franklin, IN, of which 6,115 are family households and 3,045 are non-family households, per U.S. Census estimates. Of these, approximately 3,200 households have children and 5,960 households do not have children. The average size of a household in Franklin, IN is 2.63. The median household income in Franklin is $60,500 annually, with $931 per month going towards housing.

Franklin, IN education statistics

According to Census data, 2% of the population in Franklin, IN have no high school education, 45% went to high school, 26% have some college education, 9% earned an Associate Degree, 12% earned a Bachelor Degree, and 6% earned a Graduate Degree.

Look for studio apartments near me

Are you looking to land a small but cool studio apartment near you? Is an unbeatable location more important to you than lots of space? You can now browse through all available RentCafe listings, to find the perfect studio apartment near you, in your favorite neighborhood, ZIP code, or in another city or state in the U.S. wherever life takes you. Check the ratings and reviews of properties with studio apartments, filter them based on your criteria, and find the one that suits your needs.

Compare the size, price and location, as well as amenities, both inside and outside the apartment. Whether you are looking for a more modern studio near you, or one in a charming old building, or maybe you want to be close to a certain park, the downtown area of your city, or near family or friends, RentCafe allows you to find the best fit for you - so, let's find your new home!

Renting a studio apartment in Franklin, IN

The bad news is that the hip neighborhoods are typically not the places to look for truly affordable homes for rent, and Franklin, IN is no exception. That is unless you are willing to give up the (real or imagined) benefits of multiple rooms and experience the minimalist simplicity of a small apartment located smack dab in the middle of the action. Leaf through 7 listings with a total of 8 units, and you’ll be sure to find at least a couple of cheap studios that will make you wonder whether having one or two extra rooms is really worth the difference in price and commute time.

They are called efficiency apartments for a reason

In case you’re still wondering, the time and effort put into finding an efficiency apartment does pay off. Literally, and pretty fast too. The Franklin, IN average rent is currently at $850, but a single-bedroom apartment in Franklin, IN can be yours for as low as $679 per month. While the cheapest bachelor units normally have a small bath and one bigger, multifunctional space (meaning that the hall and the kitchen in the main room, basically), you don’t need to have that if it’s not your thing. You can find plenty of one-room apartments in Franklin, IN with a separate kitchen. These are still well under the price of an apartment with multiple rooms, but slightly more expensive than your average studio, so it’s a good idea to aim for the higher end of the price range. The currently the most expensive studio apartment in Franklin, IN costs a monthly $1,060.

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