How much is the average rent in Franklin, IN for 1-bedroom and 2-bedroom apartments?

Franklin's 2025 rental market shows one-bedroom apartments averaging around $980 per month, while two-bedroom units average around $1,200 per month. One-bedroom rents declined 10.3% from the previous year, and two-bedroom rents dropped 6.5% year over year.

When is the best time to look for an apartment in Franklin, IN?

April offers the lowest rental prices in Franklin, while July sees the highest rents of the year. The difference between peak and off-peak pricing is approximately 6%, making spring apartment hunting potentially more budget-friendly than summer searches.

Are there pet-friendly apartments in Franklin, IN?

Franklin offers excellent options for pet owners, with 75% of rental listings welcoming pets. This high percentage reflects the community's accommodating approach to four-legged residents, making it relatively easy to find suitable housing with your pets.

Are utilities usually included in rent in Franklin, IN?

Utilities are rarely included in Franklin rental properties, with essentially 0% of listings across all bedroom types including utilities as part of the rent. Renters should budget separately for electricity, water, gas, and other utility expenses when calculating their total housing costs.

Cheap Apartments for Rent in Franklin, IN

25 rentals available

5d+ ago

8.3

Very good

648 North Main Street

648 N Main St, Franklin, IN 46131

Affordable

Studio

1 bath

$800

Apartment for rent

3d ago

Cheap apartment for rent in Franklin

1410 E Jefferson St #12, Franklin, IN 46131

Affordable | In-unit laundry | On-site management

2 beds

1 bath

$950

Apartment for rent

Available Jul 3

Top amenities

In-Unit Laundry

On-Site Laundry

On-Site Management

3d ago

Cheap house for rent in Greenwood

123 Declaration Dr, Greenwood, IN 46143

Affordable

2 beds

1 bath

$1,275

House for rent

Highly rated

1d ago

8.4

Very good

Brixin Franklin

1600 Traditions Ct, Franklin, IN 46131

Affordable | In-unit laundry | Garage parking

2–4 beds

2 baths

$1,395–$1,795

Apartment for rent

Top amenities

Dishwasher

In-Unit Laundry

Microwave

On-Site Laundry

Residents Lounge

Swimming Pool

5d+ ago

Verified

1541 Brookfield Cir, Franklin, IN 46131

Affordable | Garage parking | Walk-in closets

2 beds

1.5 baths

$1,765

$1,595

Price drop

House for rent

Available May 21

Top amenities

Ceiling Fan

Garage Parking

2d ago

Verified

2640 Branigin Creek Blvd, Franklin, IN 46131

Affordable | On-site laundry | On-site management

3 beds

2 baths

$1,980

$1,690

Price drop

House for rent

Available Jun 23

Top amenities

On-Site Laundry

On-Site Management

Nearby rental good for eco-living

$900

Franklin

Nearby rental good for pet owners

$1,395–$1,795

1600 Traditions Ct

5d+ ago

Cheap house for rent in Greenwood

675 Pine Lake Dr, Greenwood, IN 46143

Affordable | On-site management | Outdoor space

3 beds

2.5 baths

$1,695

House for rent

Top amenities

On-Site Management

5d+ ago

Cheap house for rent in Whiteland

SINGLE_FAMILY - Ranch - Whiteland, IN

829 Jack Pine Dr, Whiteland, IN 46184

Affordable | Garage parking | Dishwasher

3 beds

2 baths

$1,695

House for rent

Top amenities

On-Site Management

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4d ago

Cheap house for rent in Franklin

2108 Bridlewood Dr

2108 Bridlewood Dr, Franklin, IN 46131

Affordable | Garage parking | Storage

3 beds

2 baths

$1,737

House for rent

Top amenities

Ceiling Fan

Storage

2d ago

Verified

2891 Fieldstone Ct, Franklin, IN 46131

Affordable | On-site laundry | On-site management

3 beds

2.5 baths

$1,950

$1,755

Price drop

House for rent

Available Jun 18

Top amenities

On-Site Laundry

On-Site Management

Find sweet deals near Franklin

These rentals are 10%-30% cheaper than the local average price for similar rentals.

$950

Franklin

$1,040

Franklin

$1,750

Franklin

$1,795

Franklin

104 Meadow Creek South Dr - Photo 1 of 1

2d ago

Verified

104 Meadow Creek South Dr, Whiteland, IN 46184

Affordable | On-site laundry | On-site management

3 beds

1.5 baths

$1,925

$1,775

Price drop

House for rent

Available Jul 9

Top amenities

On-Site Laundry

On-Site Management

5d+ ago

Verified

2371 Summerwood Ln

2371 Summerwood Ln, Greenwood, IN 46143

Affordable | On-site laundry | Garage parking

3 beds

2.5 baths

$2,090

$1,830

Price drop

House for rent

Available May 15

Top amenities

Garage Parking

On-Site Laundry

5d+ ago

Verified

2344 Summerwood Ln, Greenwood, IN 46143

Affordable | On-site laundry | Garage parking

3 beds

2 baths

$1,835

House for rent

Available Jun 29

Top amenities

Ceiling Fan

High Ceilings

On-Site Laundry

5d+ ago

Cheap house for rent in Franklin

*COMING SOON* 1442 Maria Ave. Franklin, IN 46131

1442 Maria Ave, Franklin, IN 46131

Affordable | In-unit laundry | Garage parking

3 beds

2 baths

$1,850

House for rent

Top amenities

Dishwasher

Hardwood Floor

In-Unit Laundry

Microwave

On-Site Management

Storage

2d ago

Verified

2287 Cedarmill Dr, Franklin, IN 46131

Affordable | In-unit laundry | On-site management

4 beds

2 baths

$2,115

$1,930

Price drop

House for rent

Available Jul 1

Top amenities

In-Unit Laundry

On-Site Laundry

On-Site Management

4d ago

Cheap house for rent in Franklin

2139 Bridlewood Dr, Franklin, IN 46131

Affordable | On-site laundry | Garage parking

3 beds

2 baths

$1,950

House for rent

Available Jun 24

Top amenities

Concierge Service

Garage Parking

On-Site Laundry

5d+ ago

Verified

1228 N Aberdeen Dr, Franklin, IN 46131

Affordable

4 beds

2.5 baths

$1,970

House for rent

Available Aug 17

5d+ ago

Verified

2349 Bridlewood Dr, Franklin, IN 46131

Affordable | On-site laundry | Garage parking

4 beds

2.5 baths

$1,980

House for rent

Available Jun 29

Top amenities

On-Site Laundry

Swimming Pool

2d ago

Verified

1356 Crabapple Rd, Franklin, IN 46131

Affordable | On-site laundry | On-site management

3 beds

2 baths

$2,135

$1,980

Price drop

House for rent

Available Jul 14

Top amenities

On-Site Laundry

On-Site Management

5d+ ago

Verified

2962 Limber Pine Dr

2962 Limber Pine Dr, Whiteland, IN 46184

Affordable | On-site laundry | Garage parking

3 beds

2.5 baths

$2,100

House for rent

Available Jul 24

Top amenities

Garage Parking

High Ceilings

On-Site Laundry

5d+ ago

Cheap house for rent in Franklin

1475 Sabra Way, Franklin, IN 46131

Affordable | Garage parking | On-site management

3 beds

2 baths

$2,100

House for rent

Available Jun 15

Top amenities

On-Site Management

5d+ ago

Verified

333 Sunburst Ln, Greenwood, IN 46143

Affordable | On-site laundry | Garage parking

3 beds

2.5 baths

$3,030

$2,235

Price drop

House for rent

Available Jun 29

Top amenities

On-Site Laundry

5d+ ago

Verified

1690 Alder Rd, Franklin, IN 46131

Affordable | Garage parking | Fireplace

4 beds

2.5 baths

$2,545

House for rent

Available Jul 28

5d+ ago

Cheap house for rent in Whiteland

SINGLE_FAMILY - Other - Whiteland, IN

910 Barmun Dr, Whiteland, IN 46184

Affordable | In-unit laundry | Dishwasher

5 beds

3 baths

$2,700

House for rent

Top amenities

Dishwasher

In-Unit Laundry

4d ago

Verified

2217 Hampton Dr, Franklin, IN 46131

Affordable | On-site laundry | On-site management

5 beds

2.5 baths

$2,870

House for rent

Available Jul 29

Top amenities

On-Site Laundry

On-Site Management

Showing 1 - 25 of 25 results

Home > Apartments in Franklin > Franklin Cheap Apartments For Rent

Updated: June 21, 2026

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💸Lowest price	$800
🔑Available apartment rentals	25
💰Best rent deal	648 N Main St
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