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Cheap Apartments for Rent in Franklin, IN from $700 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.
251 E Madison St
FranklinIN46131
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.
1420 E Jefferson St
FranklinIN46131
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801 Hurricane St
FranklinIN46131
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$750 - $1,015Studio to 2 Bedroom Apartments Available Now
Waterbury Apartments
421 Waterbury StGreenwood, 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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$815 - $2,405Studio to 3 Bedroom Apartments Available Sep 22
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
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Rent Specials
$917 - $1,5801 to 3 Bedroom Apartments Available Now
Auburn Place Apartments
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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$1,014 - $1,3741 to 2 Bedroom Apartments Available Now
Courts of Valle Vista
714 Connors DrGreenwood, IN 46143
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$999 - $1,5141 to 2 Bedroom Apartments Available Now
Keeneland Crest Apartments
8401 Boggs Creek DrIndianapolis, IN 46237
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$1,079 - $1,5131 to 3 Bedroom Apartments Available Now
Summit Pointe
2400 E Main StGreenwood, IN 46143
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$1,089 - $1,3391 to 2 Bedroom Apartments Available Now
Stonehedge Apartments
1563 Stonehedge CtGreenwood, IN 46142
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.
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$1,092 - $2,3681 to 3 Bedroom Apartments Available Now
Ashmore Trace
902 Wallington CirGreenwood, IN 46143
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Showing Results 1-16, 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 | $1,244 | $750 | $1,386 |
| Cheap Franklin 1 Bedroom Apartments | $1,262 | $850 | $2,263 |
| Cheap Franklin 2 Bedroom Apartments | $1,555 | $920 | $2,549 |
| Cheap Franklin 3 Bedroom Apartments | $1,889 | $1,296 | $2,978 |
| 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Auburn Place Apartments in the Winchester Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $927. 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 |
| Auburn Place Apartments | Bronze | 1BR,1BA | $927 |
| The Fairways at Valle Vista | Wedge | 1BR,1BA | $999 |
| Westminster Apartments and Townhomes | Stafford | 1BR,1BA | $999 |
| Courts of Valle Vista | 1Bed/1Ba-Dn (A) | 1BR,1BA | $1,019 |
Best Value Apartments for Rent in Franklin, IN
As of September 08, 2025 the best value apartment in the Franklin area is the $1.05 price per square foot L3-SUN Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $2,000. The second greatest value Franklin apartment is the E1r Model at Brixin Franklin starting at $1,924 with a $1.31 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. |
|---|---|---|---|
| The Links at Franklin | L3-SUN | 3BR,2BA | $1.05 |
| Brixin Franklin | E1r | 4BR,2BA | $1.31 |
| The Village at Sandstone Apartments | Spire | 2BR,2BA | $1.31 |
| Yorktowne Farms Community | 2 Bed 2.5 Bath Townhome | 2BR,2.5BA | $1.25 |
| Stonehedge Apartments | The Luna | 2BR,1BA | $1.29 |
| 50 W Madison St, Unit D | 50 W Madison St | 2BR,1BA | $1.28 |
| St. Andrews | 2Bd/2Ba T | 2BR,2BA | $1.35 |
| Copper Chase at Stones Crossing | Bismuth | 1BR,1BA | $1.33 |
| Pinebrook Apartments | 1x1 | 1BR,1BA | $1.36 |
| Summit Pointe | The Columbus | 1BR,1BA | $1.30 |
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Pet Friendly LifestyleFranklin, IN
Ranked #178
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
Getting 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 $927 at Auburn Place 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 $1,050 at Yorktowne Farms Community.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Summit Pointe and starts from $1,323.
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 Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.