5+ Days Ago
Highlights
- Prime location
- Covered front porch
Location
251 E Madison St #1, Franklin, IN 46131, USA
Tour 251 E Madison St #1
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Amenities for 251 E Madison St #1
Apartment Amenities
| Central Air |
Building
| Basement | Exterior Type: Brick |
Other
| Exterior Type: Wood Siding | Three Rooms |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
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About 251 E Madison St #1
Property Status: Active Ground-floor 1BR/1BA just blocks from downtown Franklin. Covered front porch for morning coffee and evening relaxation. Comfortable layout and unbeatable proximity to restaurants, shops, and community events. Enjoy convenient first-floor living in a prime location! Office Phone: (317) 794-2827 Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 251 E Madison St #1 compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- More space
- The 1-bedroom is 3528 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 1 mile away
Address details
| Zip code | 46131 |
|---|---|
| Type | Condo for rent |
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Rent trends in Franklin
1-bedroom apartments at 251 E Madison St #1 cost about 16% less than the average rent price for 1-bedroom apartments in Franklin.
Median rents as of Oct 18 2025.
Franklin
| Month | Median Rent |
|---|---|
| November 2023 | $1,233 |
| December 2023 | $1,250 |
| January 2024 | $1,250 |
| February 2024 | $1,250 |
| March 2024 | $1,250 |
| April 2024 | $1,124 |
| May 2024 | $888 |
| June 2024 | $965 |
| July 2024 | $956 |
| August 2024 | $939 |
| September 2024 | $987 |
| October 2024 | $1,264 |
| November 2024 | $1,172 |
| December 2024 | $1,579 |
| January 2025 | $1,497 |
| February 2025 | $1,376 |
| March 2025 | $931 |
| April 2025 | $939 |
| May 2025 | $900 |
| June 2025 | $893 |
| July 2025 | $1,020 |
| August 2025 | $900 |
| September 2025 | $1,056 |
| October 2025 | $1,075 |
Affordability calculator
Can I afford to live at 251 E Madison St #1?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$36,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $36,000 annually to afford this 1-bedroom monthly rent price of $900.
For more information on rent affordability, visit our rent calculator.
Schools near 251 E Madison St #1
Webb Elementary School
1400 webb ct
franklin, IN, 46131
PK, K-4Public
B
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Internet available near 251 E Madison St #1
Getting around Franklin near 251 E Madison St #1
Walking
4/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 251 E Madison St #1, Franklin
Groceries
3/10
At least one supermarket within a 30-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
4/10
At least one elementary school within a 20-minute walk
High schools
4/10
At least one high school within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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