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Cheap Apartments for Rent in Franklin, IN from $700 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.
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from $750Studio to 2 Bedroom Apartments Available Now
Waterbury Apartments
421 Waterbury StGreenwood, IN 46142
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from $790Studio to 3 Bedroom Apartments Available Now
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
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from $9861 to 3 Bedroom Apartments Available Now
Auburn Place Apartments
745 Wooddale TerGreenwood, IN 46142
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from $9991 to 2 Bedroom Apartments Available Now
The Fairways at Valle Vista
610 Paradise CtGreenwood, IN 46143
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Rent Specials
from $1,0091 to 2 Bedroom Apartments Available Now
Courts of Valle Vista
714 Connors DrGreenwood, IN 46143
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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from $1,0241 to 2 Bedroom Apartments Available Now
Keeneland Crest Apartments
8401 Boggs Creek DrIndianapolis, IN 46237
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from $1,0701 to 3 Bedroom Apartments Available Now
Westminster Apartments and Townhomes
921 Parliament PlGreenwood, IN 46142
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from $1,0891 to 2 Bedroom Apartments Available Now
Stonehedge Apartments
1563 Stonehedge CtGreenwood, IN 46142
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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4241 W Whiteland Rd
BargersvilleIN46106
Showing Results 1-14, 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 | $1,208 | $750 | $1,374 |
| Cheap Franklin 1 Bedroom Apartments | $1,287 | $838 | $2,482 |
| Cheap Franklin 2 Bedroom Apartments | $1,606 | $920 | $2,691 |
| Cheap Franklin 3 Bedroom Apartments | $1,961 | $1,296 | $2,957 |
| Cheap Franklin 4 Bedroom Apartments | $2,137 | $1,540 | $2,780 |
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 $750. Polo Run Apartments in the Buffalo Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $845. 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 | $750 |
| Polo Run Apartments | The Palomino 1 BR 1 BA | 1BR,1BA | $845 |
| The Fairways at Valle Vista | 1 Bedroom 1 Bath C | 1BR,1BA | $999 |
| Courts of Valle Vista | 1Bed/1Ba-Dn (A) | 1BR,1BA | $1,009 |
| Westminster Apartments and Townhomes | Broderick | 1BR,1BA | $1,070 |
Best Value Apartments for Rent in Franklin, IN
As of June 10, 2025 the best value apartment in the Franklin area is the $1.02 price per square foot Palladium Model at Copper Chase at Stones Crossing in the in the Barton Lakes neighborhood starting from $1,403. The second greatest value Franklin apartment is the D1r Model at Brixin Franklin starting at $1,499 with a $1.13 price per square foot in the Cityview Farm 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. |
|---|---|---|---|
| Copper Chase at Stones Crossing | Palladium | 2BR,2BA | $1.02 |
| Brixin Franklin | D1r | 3BR,2BA | $1.13 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.15 |
| Summit Pointe | The Andes | 2BR,2BA | $1.08 |
| Hartshire Lakes Apartments | Hawthorn | 3BR,2BA | $1.27 |
| Keeneland Crest Apartments | Victorian | 2BR,2BA | $1.17 |
| Emerald Lakes | Waterford | 2BR,2BA | $1.36 |
| Latitudes Apartments | The Pendulum 2 BR 2 BA | 2BR,2BA | $1.56 |
| The Row Apartments | The Picket | 2BR,1BA | $1.35 |
| St. Andrews | 1Bd/1Ba Superior 2 Shwr | 1BR,1BA | $1.48 |
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Pet Friendly Lifestyle
Ranked #
Pet Friendliness Lifestyle Score
Best Local Schools in Franklin, IN
Franklin Community High School
Franklin Community School Corp
Public School - Grades 9-12 (1610)
4 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
Franklin, IN Apartments MapFranklin, IN Rental Homes MapGetting Around Franklin, IN
Walk Score®
35 / 100
Car-Dependent
Most errands require a car
Bike Score®
42 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $750.
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $845 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 $944 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 Hartshire Lakes Apartments and starts from $1,482.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.