
Cheap Homes for Rent in Franklin, IN from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.


1420 E Jefferson St

801 Hurricane St
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1199 Hospital Rd

1199 Hospital Rd

1199 Hospital Rd
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Franklin, IN Local Guide

How much does it cost to rent a home in Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin 2 Bedroom Homes for Rent | $1,239 | $950 | $1,400 |
Franklin 3 Bedroom Homes for Rent | $1,731 | $1,299 | $2,200 |
Franklin 4 Bedroom Homes for Rent | $2,052 | $1,425 | $3,000 |
Browse Top Homes for Rent in Franklin
Explore 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. The Fairways at Valle Vista in the Tracy Commons neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $959. 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 |
The Fairways at Valle Vista | Ace | 1BR,1BA | $959 |
Keeneland Crest Apartments | Tuscan | 1BR,1BA | $999 |
Best Value Apartments for Rent in Franklin, IN
As of August 29, 2025 the best value apartment in the Franklin area is the $1.16 price per square foot L3-SUN Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $2,200. The second greatest value Franklin apartment is the E1r Model at Brixin Franklin starting at $1,795 with a $1.22 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 | $1.16 |
Brixin Franklin | E1r | 4BR,2BA | $1.22 |
Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.16 |
Hartshire Lakes Apartments | Hawthorn | 3BR,2BA | $1.36 |
Emerald Lakes | Waterford | 2BR,2BA | $1.36 |
Yorktowne Farms Community | 2 Bed 2.5 Bath Townhome | 2BR,2.5BA | $1.25 |
50 W Madison St, Unit D | 50 W Madison St | 2BR,1BA | $1.28 |
Copper Chase at Stones Crossing | Bismuth | 1BR,1BA | $1.37 |
Pinebrook Apartments | 1x1 | 1BR,1BA | $1.36 |
Summit Pointe | The Columbus | 1BR,1BA | $1.30 |
Quick Rent Budget Calculator
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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 Middle 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
What type of rentals are currently available in Franklin?
There are currently 67 Apartments for Rent in Franklin, IN with pricing that ranges from $750 to $2,930. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $900 to $3,000.
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 $900 to $3,000 with an average monthly rent of $1,499.
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 $1,296 to $2,930, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,299 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,425 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
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Written by: Cheryl Bowman
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