
Apartments for Rent in Franklin, IN Under $1,200 (33 Rentals)


751 E Jefferson St

1420 E Jefferson St

100 E King St

120 E King St

120 E King St

100 E King St

133 Pratt St, Unit 1
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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133 Pratt St

992 Cass Dr

The Row Apartments

Stonebrook of Franklin

Green Acre Apartments

Franklin Place Apartments

401 N Main St

Community Place
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Autumn Chase

Hartshire Lakes Apartments

The Timbers Apartments

Total Monthly Price
Summit Pointe

Keeneland Crest Apartments

Ashmore Trace

St. Andrews

Westminster Apartments and Townhomes
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.

Mission Hills

Yorktowne Farms Community

Auburn Place

Courts of Valle Vista

The Fairways at Valle Vista

Polo Run Apartments

Waterbury Apartments

Stonehedge Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Pleasant Creek Apartments
Franklin, IN Local Guide

How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments Under $1200 | $1,276 | $775 | $1,516 |
| Franklin 1 Bedroom Apartments Under $1200 | $1,321 | $873 | $2,336 |
| Franklin 2 Bedroom Apartments Under $1200 | $1,593 | $920 | $2,544 |
| Franklin 3 Bedroom Apartments Under $1200 | $1,870 | $1,289 | $4,056 |
| Franklin 4 Bedroom Apartments Under $1200 | $1,760 | $1,760 | $1,760 |
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Franklin, IN Local Guide
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Franklin, IN
Northwood Elementary School
Franklin Community High School
Custer Baker Intermediate School
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 Franklin
How much are Studio apartments in Franklin?
There are currently 5 Studio Apartments in Franklin with rent ranges from $775 to $1,516 with an average price of $1,276.
What is the current price range for One Bedroom Franklin Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Franklin ranges from $873 to $2,336 with an average monthly rent of $1,321.
What does renting a Two Bedroom Apartment in Franklin cost?
The monthly rent prices of Two Bedroom Apartments currently available in Franklin range from $920 to $2,544. Today's average rental price for Two Bedrooms here is $1,593.
How expensive are Franklin Three Bedroom Apartments?
There are currently 37 Three Bedroom Apartments listings available in Franklin on ApartmentHomeLiving.com. The pricing ranges from $1,289 to $4,056 - averaging $1,870 for the location.
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

Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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.

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.
Articles, How-To's, and Tips

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Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.