4241 W Whiteland Rd
BargersvilleIN46106
Cheap Homes for Rent in Franklin, IN from $900 (6 Rentals)
Cheap Homes in Franklin.
648 N Main St
FranklinIN46131
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.
1410 E Jefferson St
FranklinIN46131
1199 Hospital Rd
FranklinIN46131
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
702 Delbrook Dr
WhitelandIN46184
1975 Crescent St
FranklinIN46131
Franklin - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
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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 a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,050 | $1,050 | $1,050 |
| Franklin 3 Bedroom Homes for Rent | $1,738 | $1,299 | $2,320 |
| Franklin 4 Bedroom Homes for Rent | $2,262 | $2,000 | $2,590 |
| Franklin 5 Bedroom Homes for Rent | $2,650 | $2,450 | $2,800 |
Browse Top Homes for Rent in Franklin
Explore Franklin
Franklin, IN Local Guide
- Franklin Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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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. Polo Run Apartments in the Buffalo Creek neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $802. 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 |
| Polo Run Apartments | The Shetland Studio | Studio,1BA | $802 |
| The Fairways at Valle Vista | 1 Bedroom 1 Bath C | 1BR,1BA | $999 |
Best Value Apartments for Rent in Franklin, IN
As of May 03, 2025 the best value apartment in the Franklin area is the $1.46 price per square foot Breezewood Model at Redwood Greenwood in the in the Barton Lakes neighborhood starting from $1,919. The second greatest value Franklin apartment is the Hawthorn Model at Hartshire Lakes Apartments starting at $1,633 with a $1.40 price per square foot in the Barton Lakes 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. |
|---|---|---|---|
| Redwood Greenwood | Breezewood | 2BR,2BA | $1.46 |
| Hartshire Lakes Apartments | Hawthorn | 3BR,2BA | $1.40 |
| Emerald Lakes | Waterford | 2BR,2BA | $1.36 |
| Latitudes Apartments | The Capricorn 2 BR 1 BA | 2BR,1BA | $1.30 |
| Keeneland Crest Apartments | Camden | 2BR,1BA | $1.36 |
| St. Andrews | 2Bd/2Ba T | 2BR,2BA | $1.40 |
| Copper Chase at Stones Crossing | Bismuth | 1BR,1BA | $1.21 |
| The Row Apartments | The Picket | 2BR,1BA | $1.53 |
| Summit Pointe | The Columbus | 1BR,1BA | $1.40 |
| Lakeview Apartments | A3 | 1BR,1BA | $1.54 |
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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 $3,074. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $900 to $2,800.
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 $2,800 with an average monthly rent of $1,775.
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 $1,271 to $3,074, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,299 to $2,320. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,710.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.