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Studio Apartments for Rent in Franklin, IN (5 Rentals)
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Rent Specials
from $1,179Studio Apartments Available Now
The Madison at Greenwood
523 S Madison AveGreenwood, IN 46142
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Franklin
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
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Franklin, IN Local Guide
Johnson County courthouse in Franklin by Mingusboodle is licensed under Public Domain
How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
Franklin Studio Apartments | $1,210 | $750 | $1,394 |
| Franklin 1 Bedroom Apartments | $1,301 | $849 | $2,308 |
| Franklin 2 Bedroom Apartments | $1,558 | $920 | $2,771 |
| Franklin 3 Bedroom Apartments | $2,044 | $1,330 | $3,765 |
| Franklin 4 Bedroom Apartments | $1,710 | $1,710 | $1,710 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, IN Local Guide
- Franklin Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Largest Available Franklin Studio Apartments
The largest available Studio apartment unit in Franklin, IN is found at ARLO Apartments in the Southeast Indianapolis neighborhood and is 641 square feet priced from $1,370. The Madison at Greenwood in the Tracy Commons neighborhood has the second largest Studio, which is sized at 602 square feet and currently listed start at $1,244. Here is today’s list of the largest available Studio units in Franklin:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| ARLO Apartments | Finn | 641 Sq Ft | $1,370 |
| The Madison at Greenwood | The McKinley | 602 Sq Ft | $1,244 |
| Waterbury Apartments | Studio | 288 Sq Ft | $750 |
Cheapest Available Franklin Studio Apartments
As of March 24, 2025 the lowest priced Studio apartment unit in Franklin, IN is the Studio Model starting from $750 at Waterbury Apartments in the Tracy Commons neighborhood. The second most affordable Franklin Studio is the The Brunswick Model at The Madison at Greenwood starting at $1,179 . The average price for all Studio apartments in Franklin is currently $1,210. Here is today’s list of the cheapest available Studio options in Franklin:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Waterbury Apartments | Studio | $750 |
| The Madison at Greenwood | The Brunswick | $1,179 |
| ARLO Apartments | Finn | $1,370 |
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Best Local Schools in Franklin, IN
Franklin Community High School
Franklin Community School Corp
Public School - Grades 9-12 (1610)
4 out of 10
Franklin Community Middle School
Franklin Community School Corp
Public School - Grades 7-8 (759)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, IN Rentals by Map
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Franklin, IN Apartments MapFranklin, IN Rental Homes MapGetting Around Franklin, IN
Walk Score®
35 / 100
Car-Dependent
Most errands require a car
Bike Score®
42 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Studio Franklin Apartments
What is the Cheapest apartment in Franklin with Studio?
Currently the most affordable Studio in Franklin is at Waterbury Apartments listed at $750.
How much is the average rent for a Studio Franklin Apartment?
The average rent for a Studio Apartment in Franklin is $1,210.
What is the largest available Studio Franklin Apartment for rent?
Today's apartment with the most square footage in Franklin is a 641 square feet unit starting from $1,370 at ARLO Apartments.
What is the average size for Franklin Studio Apartments for rent?
The average size for a Studio rental in Franklin is currently 539 sq ft.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.