Cheap Homes for Rent in Franklin, IN from $900 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in Franklin.

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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property at 1921 Acorn Road

1921 Acorn Road

FranklinIN46131

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 1449 Natalie Ct

1449 Natalie Ct

FranklinIN46131
Showing Results 1-16, Page 1 of 1

Franklin, IN Local Guide

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. Westminster Apartments and Townhomes in the Winchester Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Waterbury ApartmentsStudioStudio,1BA$750
Westminster Apartments and TownhomesBuckingham1BR,1BA$950
Courts of Valle Vista1Bed/1Ba-Dn (A)1BR,1BA$1,009
The Fairways at Valle Vista1 Bedroom 1 Bath A1BR,1BA$1,029
Auburn Place ApartmentsMahogany2BR,1BA$1,060

Best Value Apartments for Rent in Franklin, IN

As of June 19, 2025 the best value apartment in the Franklin area is the $1.02 price per square foot Palladium Model at Copper Chase at Stones Crossing in the in the Barton Lakes neighborhood starting from $1,403. The second greatest value Franklin apartment is the D1r Model at Brixin Franklin starting at $1,499 with a $1.13 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Copper Chase at Stones CrossingPalladium2BR,2BA$1.02
Brixin FranklinD1r3BR,2BA$1.13
Latitudes ApartmentsThe Voyager 3 BR 2 BA3BR,2BA$1.31
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.15
Emerald LakesWaterford2BR,2BA$1.36
Polo Run ApartmentsThe Shire 2 BR 2 BA2BR,2BA$1.40
Auburn Place ApartmentsMerlot2BR,1.5BA$1.24
Keeneland Crest ApartmentsHartford2BR,1BA$1.41
Summit PointeThe Tanzania1BR,1BA$1.35
The Row ApartmentsThe Picket2BR,1BA$1.35

Quick Rent Budget Calculator

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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.

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Frequently Asked Questions about Franklin

What type of rentals are currently available in Franklin?

There are currently 63 Apartments for Rent in Franklin, IN with pricing that ranges from $750 to $2,915. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $900 to $2,595.

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 $2,595 with an average monthly rent of $1,780.

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 $1,274 to $2,915, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,425 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,749 and Four Bedroom Apartments start at $1,650.

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.