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$1,090 - $1,3101 to 3 Bedroom Apartments Available Now
Lakeview Apartments
1800 Lakeside DrFranklin, IN 46131
Cheap Apartments for Rent in Franklin, IN from $700 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.
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1 to 3 Bedroom Apartments
Franklin Place Apartments
1485 Franklin Place CtFranklin, IN 46131
1410 E Jefferson St
FranklinIN46131
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2 Bedroom Apartments
Green Acre Apartments
1700 Preidt CirFranklin, IN 46131
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1 to 3 Bedroom Apartments
Stonebrook of Franklin
806 Old Plank RdFranklin, IN 46131
778 Walnut St
FranklinIN46131
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$775 - $1,015Studio to 2 Bedroom Apartments Available Now
Waterbury Apartments
421 Waterbury StGreenwood, IN 46142
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$801 - $2,255Studio to 3 Bedroom Apartments Available Now
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
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$920 - $2,6261 to 3 Bedroom Apartments Available Now
Summit Pointe
2400 E Main StGreenwood, IN 46143
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$949 - $1,6391 to 3 Bedroom Apartments Available Now
Keeneland Crest Apartments
8401 Boggs Creek DrIndianapolis, IN 46237
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$964 - $1,3941 to 2 Bedroom Apartments Available Now
Courts of Valle Vista
714 Connors DrGreenwood, IN 46143
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$966 - $1,5551 to 3 Bedroom Apartments Available Now
Auburn Place
745 Wooddale TerGreenwood, IN 46142
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$975 - $1,7051 to 3 Bedroom Apartments Available Now
Yorktowne Farms Community
1570 Countryside DrGreenwood, IN 46143
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$995 - $1,5251 to 3 Bedroom Apartments Available Now
Westminster Apartments and Townhomes
921 Parliament PlGreenwood, IN 46142
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Rent Specials
$1,009 - $1,9991 to 2 Bedroom Apartments Available Now
The Fairways at Valle Vista
610 Paradise CtGreenwood, IN 46143
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$1,050 - $1,4501 to 2 Bedroom Apartments Available Now
St. Andrews
1201 Carson WayGreenwood, IN 46143
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$1,081 - $1,7371 to 3 Bedroom Apartments Available Now
Copper Chase at Stones Crossing
2345 Thorium DrGreenwood, IN 46143
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$1,089 - $1,3391 to 2 Bedroom Apartments Available Now
Stonehedge Apartments
1563 Stonehedge CtGreenwood, IN 46142
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$1,094 - $3,2331 to 3 Bedroom Apartments Available Now
Hartshire Lakes Apartments
3170 Hartshire South DrBargersville, IN 46106
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$1,099 - $1,5051 to 3 Bedroom Apartments Available Now
Autumn Chase
3717 Piermont DrIndianapolis, IN 46227
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Studio to 2 Bedroom Apartments
Pleasant Creek Apartments
2816 E County Line RdIndianapolis, IN 46227
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
Showing Results 1-21, Page 1 of 1
Franklin, IN Local Guide
Johnson County courthouse in Franklin by Mingusboodle is licensed under Public Domain
How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Franklin Studio Apartments | $1,164 | $775 | $1,381 |
| Cheap Franklin 1 Bedroom Apartments | $1,283 | $856 | $2,028 |
| Cheap Franklin 2 Bedroom Apartments | $1,545 | $920 | $2,517 |
| Cheap Franklin 3 Bedroom Apartments | $1,892 | $1,320 | $3,503 |
| Cheap Franklin 4 Bedroom Apartments | $1,725 | $1,725 | $1,725 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, IN Local Guide
- Franklin Neighborhoods
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Cheapest Available Franklin Apartments for Rent
The cheapest available apartment rental in Franklin, IN is a Studio unit found at Waterbury Apartments in the Tracy Commons neighborhood priced from $775. Polo Run Apartments in the Winchester Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $868. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterbury Apartments | Studio | Studio,1BA | $775 |
| Polo Run Apartments | The Morgan 1 BR 1 BA | 1BR,1BA | $868 |
| Summit Pointe | The Columbus | 1BR,1BA | $939 |
| Auburn Place | 2 Bedroom 1 Bath | 2BR,1BA | $946 |
| Courts of Valle Vista | 1Bd/1Ba-Up (DV) | 1BR,1BA | $964 |
Best Value Apartments for Rent in Franklin, IN
As of January 22, 2026 the best value apartment in the Franklin area is the $1.18 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,899. The second greatest value Franklin apartment is the Platinum Model at Copper Chase at Stones Crossing starting at $1,737 with a $1.21 price per square foot in the Barton Lakes neighborhood. Here is today’s list of the best values for Franklin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Links at Franklin | L3 | 3BR,2BA | $1.18 |
| Copper Chase at Stones Crossing | Platinum | 3BR,2BA | $1.21 |
| Summit Pointe | The Everest | 3BR,2BA | $1.14 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.17 |
| City View Farm Apartments | The Panorama | 3BR,2BA | $1.37 |
| Park Madison Apartments | 2x2 R-Prem | 2BR,2BA | $1.26 |
| Pinebrook Apartments | 2x2 | 2BR,2BA | $1.39 |
| Stonehedge Apartments | The Luna | 2BR,1BA | $1.24 |
| Keeneland Crest Apartments | Hartford | 2BR,1BA | $1.39 |
| Brixin Franklin | C1r | 2BR,2BA | $1.38 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
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Best Local Schools in Franklin, IN
Franklin Community High School
Franklin Community School Corp
Public School - Grades 9-12 (1610)
6 out of 10
Franklin Community Middle School
Franklin Community School Corp
Public School - Grades 7-8 (759)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, IN Rentals by Map
See the most popular apartments and homes in Franklin, IN
Frequently Asked Questions about Cheap Franklin Apartments
What is the Cheapest Studio apartment in Franklin?
Currently the most affordable Cheap Studio Apartment in Franklin is at Waterbury Apartments listed at $775.
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $873 at Polo Run Apartments.
What is the lowest price for a Cheap Two Bedroom Franklin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Franklin is starting from $965 at Polo Run Apartments.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Westminster Apartments and Townhomes and starts from $1,320.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Articles, How-To's, and Tips
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.