Last updated on September 7, 2026

Average rent in
Franklin, IN

Median rent

Median rent in Franklin

$1,584/mo

decreased by4%

vs previous year

The average rent in Franklin is $1,584 per month as of September 2026. This is 17% below the national average rent, or $315 less per month.

$1.16

average price per square foot

Total rentals

Available rentals in Franklin

35

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Franklin rentals at each price point

50%38%25%13%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Franklin, IN

Average rent prices in Franklin have increased by 5% over the last month and have decreased by 4% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Franklin, IN

Rent prices in Franklin vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Franklin is $1,199, whereas a house costs $1,817. 1-bedroom apartments in Franklin run $900 on average, while 2-bedroom apartments are $1,150.

Listings

Studio

$800

No Change

No Change

1 bedroom

$1,086

10%

4%

2 bedroom

$1,199

1%

4%

3 bedroom

$1,722

1%

11%

4 bedroom

$2,020

5%

4%

Studio

Average rent

$800

1 bedroom

Average rent

$1,086

Last 30 days

10%

Last year

4%

2 bedroom

Average rent

$1,199

Last 30 days

1%

Last year

4%

3 bedroom

Average rent

$1,722

Last 30 days

1%

Last year

11%

4 bedroom

Average rent

$2,020

Last 30 days

5%

Last year

4%

The table above reflects average rent prices in Franklin, IN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Franklin, IN compare to other cities?

Compare median rent prices in Franklin and Avon by all bedroom counts and property types.

Franklin

Median rent price$1,584
decreased by17%

lower than the national median

Median rent price$2,075
increased by9%

higher than the national median

Takeaway

The median rent for all rentals in Franklin, IN is 24% lower than the median rent in Avon, IN.

Discover rentals in Franklin, IN

133 Pratt St Unit 1 - Photo 1 of 1

3d ago

Apartment for rent in Franklin

2 beds

1 bath

$1,099

$1,029

Price drop

Apartment for rent

Available Jan 7

133 Pratt St #1 - Photo 1 of 1

3d ago

Apartment for rent in Franklin

2 beds

1 bath

$1,099

$1,029

Price drop

Apartment for rent

Available Jan 7

Parkside Apartments - Photo 1 of 1

3d ago

8.3

Very good

Parkside Apartments

180 E South St, Franklin, IN 46131

2 beds

1 bath

$1,055–$1,240

Apartment for rent

1420 E Jefferson St #6 - Photo 1 of 1

5d+ ago

Apartment for rent in Franklin

Jefferson Street Apartments

1420 E Jefferson St #6, Franklin, IN 46131

2 beds

1 bath

$1,150

Apartment for rent

Available Aug 28

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Franklin, IN

Quick answers to common questions about the Franklin rental market.

How much is rent in Franklin?

The average rent in Franklin is $1,584 per month as of September 5, 2026.

Is rent up or down in Franklin?

Average rent prices in Franklin have increased by 5% over the last month and have decreased by 4% since last year.

How does Franklin rent compare to the national average?

Rent in Franklin is 17% below the national average, which means renters are paying approximately $315 less per month.

What salary do I need to afford rent in Franklin?

To comfortably afford rent in Franklin, you'd need to earn approximately $63,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Franklin?

April offers the best rental deals in Franklin, with rents running about 6% lower than peak summer months. July sees the highest rents, so timing your search for spring can save you money.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Avon