Zumper
modified
Updated 5 Hours Ago

Highlights

  • Pet Friendly
  • Black appliances
  • Washer/dryer hookups
  • Spacious living room
  • Renovated unit
  • Newer countertops
  • 2 large bedrooms

Location

278 Walnut St #4, Franklin, IN 46131, USA

Tour 278 Walnut St #4

Contact

TMA Management

(463) 205-3747

Property Overview

Renovated interiors with newer countertops, black appliances, and washer/dryer hookups add convenience and a fresh feel. A spacious living room and two large bedrooms create a comfortable layout with room to spread out.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • Middle school nearby
  • Elementary school nearby
  • Images available

Great for

  • Pet owners

Amenities for 278 Walnut St #4

Features

Ceiling FanForced Air
Hardwood FloorOff Street

Appliances

Garbage DisposalIn-Unit Laundry
Range/OvenRefrigerator

Community

Cats OKDogs OK
Laundry HookupsOnsite Laundry
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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Lease terms12+ months
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About 278 Walnut St #4

HomeHouses in Franklin 278 Walnut St #4, Franklin, IN 46131, USA

RENOVATED unit with 2 bedroom, 1 bathroom in sought after downtown Franklin! This contemporary unit offers newer countertops, black appliances, washer/dryer hookups, central air, and more. The highly desirable floor plan consists of 2 large bedrooms, a spacious living room, and newer shower/tub! Combined that with all the updates and the great location makes this the perfect place for you! Located at the corner of Walnut and Adams makes it easy for residents to enjoy all the activities downtown Franklin offers! Section 8 accepted.


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 278 Walnut St, Franklin, IN 46131, USA compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.3 mile away
Elementary school nearby
There is an elementary school 1 mile away
Images available
There are at least 10 photos of this address

Address details

Zip code46131
TypeHouse for rent

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Rent trends in Franklin

2-bedroom apartments at 278 Walnut St #4 cost about 8% more than the average rent price for 2-bedroom apartments in Franklin.

Median rents as of Aug 8 2026.
Franklin
A table of 2-bedroom apartment rental data trends in Franklin
MonthMedian Rent
August 2024$1,412
September 2024$1,356
October 2024$1,269
November 2024$1,309
December 2024$1,500
January 2025$1,362
February 2025$1,293
March 2025$1,136
April 2025$1,050
May 2025$1,050
June 2025$1,056
July 2025$1,210
August 2025$1,221
September 2025$1,250
October 2025$1,256
November 2025$1,277
December 2025$1,296
January 2026$1,212
February 2026$1,157
March 2026$1,228
April 2026$1,278
May 2026$1,253
June 2026$1,306
July 2026$1,316
August 2026$1,219

Affordability calculator

Can I afford to live at 278 Walnut St #4?

Bedrooms

2 bedrooms

Rent-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

$52,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $52,000 annually to afford this 2-bedrooms monthly rent price of $1,300.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 278 Walnut St, Franklin, IN.
2 months ago$1,3002 bed1 bath
3 months ago$1,3002 bed1 bath
4 months ago$1,3002 bed1 bath
5 months ago$1,3002 bed1 bath
2 years ago$1,3503 bed1 bath
2 years ago$1,1453 bed0 bath
2 years ago$1,1453 bed1 bath

Schools near 278 Walnut St #4

Northwood Elementary School

965 grizzly cub dr

franklin, IN, 46131

PK, K-4Public
B+

Ray Crowe Elementary

1300 ray crowe way

greenwood, IN, 46143

K-5Public
B

Walnut Grove Elementary School

4079 north morgantown rd

bargersville, IN, 46106

K-5Public
A

Family Development Services - Southeast Head Start

4024 south madison ave

indianapolis, IN, 46227

PKPublic

Rise Learning Center

5391 s shelby st

indianapolis, IN, 46227

PK, K-12Public
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Internet available near 278 Walnut St #4

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Franklin near 278 Walnut St #4

Walking

5/10
Some shops and stores are within a few minutes.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

4/10
More spots are within biking distance and some roads are cyclist-friendly.

Points of interest for 278 Walnut St #4, Franklin

Groceries

7/10
Wide variety of groceries within a short drive, including some within walking distance

Shopping

6/10
Variety of shops within a short drive

Cafes

6/10
Variety of cafés within a short drive

Restaurants

7/10
Wide variety of restaurants within a short drive, including some within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

7/10
Wide variety of bars within a short drive, including some within walking distance

Other units at this address

278 Walnut St Franklin, IN

Occupied

3

2 Beds

1 Bath

$1,300

Days on market: 174
RENOVATED unit with 2 bedroom, 1 bathroom in sought after downtown Franklin! This contemporary unit offers newer countertops, black appliances, washer/dryer hookups, central air, and more. The highly desirable floor plan consists of 2 large bedrooms, a spacious living room, and newer shower/tub! Combined that with all the updates and the great location makes this the perfect place for you! Located at the corner of Walnut and Adams makes it easy for residents to enjoy all the activities downtown Franklin offers!

Occupied

5

2 Beds

1 Bath

$1,300

Days on market: 145
RENOVATED unit with 2 bedroom, 1 bathroom in sought after downtown Franklin! This contemporary unit offers newer countertops, black appliances, washer/dryer hookups, central air, and more. The highly desirable floor plan consists of 2 large bedrooms, a spacious living room, and newer shower/tub! Combined that with all the updates and the great location makes this the perfect place for you! Located at the corner of Walnut and Adams makes it easy for residents to enjoy all the activities downtown Franklin offers!

Occupied

6

2 Beds

1 Bath

$1,300

Days on market: 115
RENOVATED unit with 2 bedroom, 1 bathroom in sought after downtown Franklin! This contemporary unit offers newer countertops, black appliances, washer/dryer hookups, central air, and more. The highly desirable floor plan consists of 2 large bedrooms, a spacious living room, and newer shower/tub! Combined that with all the updates and the great location makes this the perfect place for you! Located at the corner of Walnut and Adams makes it easy for residents to enjoy all the activities downtown Franklin offers! Section 8 accepted.

Occupied

7

2 Beds

1 Bath

$1,300

Days on market: 56
RENOVATED unit with 2 bedroom, 1 bathroom in sought after downtown Franklin! This contemporary unit offers newer countertops, black appliances, washer/dryer hookups, central air, and more. The highly desirable floor plan consists of 2 large bedrooms, a spacious living room, and newer shower/tub! Combined that with all the updates and the great location makes this the perfect place for you! Located at the corner of Walnut and Adams makes it easy for residents to enjoy all the activities downtown Franklin offers! Section 8 accepted.

Occupied

3 Beds, – Baths

3 Beds

– Baths

$1,145

Listed by PMI Midwest
Days on market: 912
Escape into the charming comfort of this 3-bedroom, 1-bathroom rental home located at 278 Walnut St in Franklin, IN. With 1080 sq ft of living space, this property offers a cozy and inviting atmosphere for you and your loved ones to enjoy. The spacious bedrooms provide ample room for relaxation and rest, while the well-appointed bathroom offers modern amenities for your convenience. The open floor plan creates a seamless flow between the living room, dining area, and kitchen, making it perfect for entertaining guests or simply relaxing with family. The large windows flood the interior with natural light, creating a warm and welcoming ambiance. The well-maintained backyard provides a private outdoor space for enjoying the fresh air and sunshine. Conveniently located near schools, parks, and dining options, this rental property offers the perfect blend of comfort and convenience for your everyday lifestyle. Don't miss the opportunity to make this lovely house your new home sweet home! By applying for eligible properties, Resident understands and agrees to auto-enrollment in the Utility & Maintenance Reduction Program at a cost of $10.95 per month without demand, payable with rent as outlined in the lease agreement. PMI Midwest is proud to offer deposit-free living to qualified renters through Obligo! We understand that moving costs can add up, so we want to extend financial flexibility to our residents. When you move in with us, you can skip paying a security deposit and keep the cash for activities you care about. Learn more about the benefits of deposit-free living with Obligo's brochure or on their website.

Occupied

3 Beds, 1 Bath

3 Beds

1 Bath

$1,350

Listed by 278 Walnut St
Days on market: 616

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