Last updated on July 23, 2026

Average rent in
Franklin, IN

Median rent

Median rent in Franklin

$1,720/mo

increased by6%

vs previous year

The average rent in Franklin is $1,720 per month as of July 2026. This is 12% below the national average rent, or $225 less per month.

$1.16

average price per square foot

Total rentals

Available rentals in Franklin

31

for rent on Zumper.com as of July 2026

Rent price distribution

Share of Franklin rentals at each price point

65%49%33%16%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 decreased by 3% over the last month and have increased by 6% 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 $1,219, whereas a house costs $1,775. 1-bedroom apartments in Franklin run $1,000 on average, while 2-bedroom apartments are $1,240.

Listings

Studio

$800

No Change

No Change

1 bedroom

$1,099

8%

1%

2 bedroom

$1,300

2%

6%

3 bedroom

$1,777

4%

4%

4 bedroom

$1,910

2%

2%

Studio

Average rent

$800

1 bedroom

Average rent

$1,099

Last 30 days

8%

Last year

1%

2 bedroom

Average rent

$1,300

Last 30 days

2%

Last year

6%

3 bedroom

Average rent

$1,777

Last 30 days

4%

Last year

4%

4 bedroom

Average rent

$1,910

Last 30 days

2%

Last year

2%

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$1,720
decreased by12%

lower than the national median

Median rent price$2,105
increased by8%

higher than the national median

Takeaway

The median rent for all rentals in Franklin, IN is 18% lower than the median rent in Avon, IN.

Discover rentals in Franklin, IN

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–$1,240

Apartment for rent

1001 Wild Ivy Trl - Photo 1 of 1

3d ago

House for rent in Franklin

NICE twin home on cul-de-sac

1001 Wild Ivy Trl, Franklin, IN 46131

2 beds

2 baths

$1,195

House for rent

Available Aug 1

Los Ranchos - Photo 1 of 1

2d ago

8.8

Very good

Los Ranchos

160 Los Ranchos Dr, Franklin, IN 46131

2 beds

1 bath

$1,199

Apartment for rent

120 E King St - Photo 1 of 1

5d+ ago

Townhouse for rent in Franklin

2 beds

2 baths

$1,199

House for rent

Available Jul 14

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 $1,720 per month as of July 18, 2026.

Is rent up or down in Franklin?

Average rent prices in Franklin have decreased by 3% over the last month and have increased by 6% since last year.

How does Franklin rent compare to the national average?

Rent in Franklin is 12% below the national average, which means renters are paying approximately $225 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 $69,000/year, based on spending no more than 30% of your income on rent.

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

Based on Zumper's July 2026 data, one-bedroom apartments in Franklin average around $910/month and two-bedrooms approximately $1,260/month.

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