Last updated on June 8, 2026

Average rent in
Franklin, IN

Median rent

Median rent in Franklin

$1,792/mo

increased by16%

vs previous year

The average rent in Franklin is $1,792 per month as of June 2026. This is 8% below the national average rent, or $157 less per month.

$1.17

average price per square foot

Total rentals

Available rentals in Franklin

27

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Franklin rentals at each price point

70%53%35%18%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 2% over the last month and have increased by 16% 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 $1,545, whereas a house costs $1,850. 1-bedroom apartments in Franklin run $900 on average, while 2-bedroom apartments are $1,040.

Listings

Studio

$875

No Change

9%

1 bedroom

$1,275

14%

23%

2 bedroom

$1,429

7%

32%

3 bedroom

$1,825

1%

3%

4 bedroom

$2,200

1%

1%

Studio

Average rent

$875

Last year

9%

1 bedroom

Average rent

$1,275

Last 30 days

14%

Last year

23%

2 bedroom

Average rent

$1,429

Last 30 days

7%

Last year

32%

3 bedroom

Average rent

$1,825

Last 30 days

1%

Last year

3%

4 bedroom

Average rent

$2,200

Last 30 days

1%

Last year

1%

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$1,792
decreased by8%

lower than the national median

Median rent price$1,925
decreased by1%

lower than the national median

Takeaway

The median rent for all rentals in Franklin, IN is 7% lower than the median rent in Avon, IN.

Discover rentals in Franklin, IN

401 N Main St #6A - Photo 1 of 1

5d+ ago

Apartment for rent in Franklin

401 N Main St #6A, Franklin, IN 46131

2 beds

1 bath

$650

Apartment for rent

Available Apr 20

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

$1,040

Apartment for rent

399 N Main St #2 - Photo 1 of 1

5d+ ago

House for rent in Franklin

399 N Main St #2, Franklin, IN 46131

2 beds

2 baths

$1,150

House for rent

Brixin Franklin - Photo 1 of 1

2d ago

8.4

Very good

Brixin Franklin

1600 Traditions Ct, Franklin, IN 46131

2–4 beds

2 baths

$1,395–$1,795

Apartment for rent

Stay up to date with rental market insights

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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 $1,792 per month as of June 6, 2026.

Is rent up or down in Franklin?

Average rent prices in Franklin have increased by 2% over the last month and have increased by 16% since last year.

How does Franklin rent compare to the national average?

Rent in Franklin is 8% below the national average, which means renters are paying approximately $157 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 $72,000/year, based on spending no more than 30% of your income on rent.

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

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.

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).

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