1199 Hospital Rd
FranklinIN46131
Cheap Homes for Rent in Franklin, IN from $900 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
1410 E Jefferson St
FranklinIN46131
1420 E Jefferson St
FranklinIN46131
1975 Crescent St
FranklinIN46131
599 W King St
FranklinIN46131
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
130 N Jackson St
FranklinIN46131
1057 Torino Ct
FranklinIN46131
322 Deville Pl
WhitelandIN46184
732 N Forsythe St
FranklinIN46131
1541 Younce St
FranklinIN46131
Franklin - One of the Best Affordable Neighborhoods in Indianapolis
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 a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,050 | $1,050 | $1,050 |
| Franklin 3 Bedroom Homes for Rent | $1,797 | $949 | $2,295 |
| Franklin 4 Bedroom Homes for Rent | $1,983 | $1,750 | $2,385 |
| Franklin 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Top Homes for Rent in Franklin
Explore Franklin
Franklin, IN Local Guide
- Franklin Neighborhoods
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Cheapest Available Franklin Apartments for Rent
The cheapest available apartment rental in Franklin, IN is a Studio unit found at Waterbury Apartments in the Tracy Commons neighborhood priced from $750. Polo Run Apartments in the Buffalo Creek neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $805. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterbury Apartments | Studio | Studio,1BA | $750 |
| Polo Run Apartments | The Shetland Studio | Studio,1BA | $805 |
| Courts of Valle Vista | 1Bd/1Ba-Dn (BV) | 1BR,1BA | $1,014 |
Best Value Apartments for Rent in Franklin, IN
As of April 18, 2025 the best value apartment in the Franklin area is the $1.16 price per square foot L3-SUN Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $2,200. The second greatest value Franklin apartment is the 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks starting at $1,469 with a $1.14 price per square foot in the Tracy Commons neighborhood. Here is today’s list of the best values for Franklin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Links at Franklin | L3-SUN | 3BR,2BA | $1.16 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.14 |
| Summit Pointe | The Andes | 2BR,2BA | $1.14 |
| Founders Pointe Apartments | The Jay ADA | 3BR,2BA | $1.37 |
| Devonshire Apartments | The Windsor | 3BR,2BA | $1.30 |
| Park Madison Apartments | 2x2 R-Prem | 2BR,2BA | $1.07 |
| Auburn Place Apartments | Merlot | 2BR,1.5BA | $1.28 |
| Keeneland Crest Apartments | Camden | 2BR,1BA | $1.11 |
| Copper Chase at Stones Crossing | Bismuth | 1BR,1BA | $1.19 |
| Brixin Franklin | C1r | 2BR,2BA | $1.37 |
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Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 64 Apartments for Rent in Franklin, IN with pricing that ranges from $750 to $3,394. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $949 to $2,800.
What is the current price range for Rental Homes in Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $949 to $2,800 with an average monthly rent of $1,816.
How much are larger Three and Four Bedroom Rentals in Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $1,330 to $3,394, while Three Bedroom Homes, Condos, and Townhomes for rent range from $949 to $2,295. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,710.
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.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.