Cheap Homes for Rent in Franklin, IN from $900 (6 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

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Showing Results 1-6, 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. 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 ListingModel NameBed/BathPriced From
Waterbury ApartmentsStudioStudio,1BA$750
The Fairways at Valle VistaAce1BR,1BA$959
Keeneland Crest ApartmentsTuscan1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Links at FranklinL3-SUN3BR,2BA$1.16
Brixin FranklinE1r4BR,2BA$1.22
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.16
Hartshire Lakes ApartmentsHawthorn3BR,2BA$1.36
Emerald LakesWaterford2BR,2BA$1.36
Yorktowne Farms Community2 Bed 2.5 Bath Townhome2BR,2.5BA$1.25
50 W Madison St, Unit D50 W Madison St2BR,1BA$1.28
Copper Chase at Stones CrossingBismuth1BR,1BA$1.37
Pinebrook Apartments1x11BR,1BA$1.36
Summit PointeThe Columbus1BR,1BA$1.30

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Pet Friendly Lifestyle
Franklin, IN

Ranked #178

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Franklin, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

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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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.