1410 E Jefferson St
FranklinIN46131
Cheap Homes for Rent in Franklin, IN from $900 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
801 Hurricane St
FranklinIN46131
1581 Roberts Rd
FranklinIN46131
1199 Hospital Rd
FranklinIN46131
2099 Galaxy Dr
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.
2091 Galaxy Dr
FranklinIN46131
2091 Galaxy Dr
FranklinIN46131
2099 Galaxy Dr
FranklinIN46131
1541 Younce St
FranklinIN46131
2119 Galaxy Dr
FranklinIN46131
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.
Showing Results 1-10, 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 a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,374 | $950 | $1,695 |
| Franklin 3 Bedroom Homes for Rent | $1,689 | $1,295 | $2,160 |
| Franklin 4 Bedroom Homes for Rent | $2,029 | $1,600 | $2,500 |
| Franklin 5 Bedroom Homes for Rent | $2,155 | $2,155 | $2,155 |
Browse Top Homes for Rent in Franklin
Explore 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 $775. Polo Run Apartments in the Winchester Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $848. 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 Palomino 1 BR 1 BA | 1BR,1BA | $848 |
| The Fairways at Valle Vista | Ace | 1BR,1BA | $899 |
Best Value Apartments for Rent in Franklin, IN
As of November 30, 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 Jefferson Model at Founders Pointe Apartments starting at $1,799 with a $1.37 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 |
| Founders Pointe Apartments | Jefferson | 3BR,2BA | $1.37 |
| Park Madison Apartments | 2x2 R-Prem | 2BR,2BA | $1.26 |
| Yorktowne Farms Community | 2 Bed 2.5 Bath Townhome | 2BR,2.5BA | $1.25 |
| Auburn Place Apartments | Merlot | 2BR,1.5BA | $1.19 |
| Keeneland Crest Apartments | Camden | 2BR,1BA | $1.36 |
| Brixin Franklin | C1r | 2BR,2BA | $1.37 |
| Copper Chase at Stones Crossing | Tungsten | 1BR,1BA | $1.49 |
| Summit Pointe | The Tanzania | 1BR,1BA | $1.23 |
| St. Andrews | 1Bd/1Ba Superior 2 Shwr | 1BR,1BA | $1.48 |
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 Article
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 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 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.
Let everyone know!
Do you know the Franklin area?
If you’re an expert on all things Franklin, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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
Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 71 Apartments for Rent in Franklin, IN with pricing that ranges from $775 to $3,017. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $950 to $2,500.
What is the current price range for Rental Homes in Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $950 to $2,500 with an average monthly rent of $1,659.
How much are larger Three and Four Bedroom Rentals in Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $1,375 to $3,017, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $2,160. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,725.
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.