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Studio Apartments for Rent in Franklin, IN (6 Rentals)
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$1,266 - $1,466Studio Apartments Available Now
The Madison at Greenwood
523 S Madison AveGreenwood, IN 46142
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$788 - $1,182Studio Apartments Available Nov 28
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
Cash 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.
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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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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 |
|---|---|---|---|
| Franklin Studio Apartments | $1,268 | $750 | $1,466 |
| Franklin 1 Bedroom Apartments | $1,245 | $840 | $2,065 |
| Franklin 2 Bedroom Apartments | $1,543 | $920 | $2,599 |
| Franklin 3 Bedroom Apartments | $1,827 | $1,324 | $2,972 |
| 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
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- Local Counties
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Largest Available Franklin and Nearby Studio Apartments
The largest available Studio apartment unit in Franklin, IN is found at ARLO Apartments in the Southeast Indianapolis neighborhood and is 641 square feet priced from $1,340. The Madison at Greenwood in the Tracy Commons neighborhood has the second largest Studio, which is sized at 515 square feet and currently listed start at $1,381. Here is today’s list of the largest available Studio units in Franklin:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| ARLO Apartments | Finn | 641 Sq Ft | $1,340 |
| The Madison at Greenwood | The Beechview | 515 Sq Ft | $1,381 |
| Waterbury Apartments | Studio | 288 Sq Ft | $750 |
Cheapest Available Franklin and Nearby Studio Apartments
As of October 25, 2025 the lowest priced Studio apartment unit in Franklin, IN is the Studio Model starting from $750 at Waterbury Apartments in the Tracy Commons neighborhood. The second most affordable Franklin Studio is the The Euclid Model at The Madison at Greenwood starting at $1,274 . The average price for all Studio apartments in Franklin is currently $1,268. Here is today’s list of the cheapest available Studio options in Franklin:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Waterbury Apartments | Studio | $750 |
| The Madison at Greenwood | The Euclid | $1,274 |
| ARLO Apartments | Finn | $1,340 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe 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 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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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 Studio Franklin Apartments
What is the Cheapest apartment in Franklin with Studio?
Currently the most affordable Studio in Franklin is at Waterbury Apartments listed at $750.
How much is the average rent for a Studio Franklin Apartment?
The average rent for a Studio Apartment in Franklin is $1,268.
What is the largest available Studio Franklin Apartment for rent?
Today's apartment with the most square footage in Franklin is a 641 square feet unit starting from $1,340 at ARLO Apartments.
What is the average size for Franklin Studio Apartments for rent?
The average size for a Studio rental in Franklin is currently 538 sq ft.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.