1410 E Jefferson St
FranklinIN46131
Cheap Homes for Rent in Franklin, IN from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
835 S Old US Hwy 31
FranklinIN46131
1199 Hospital Rd
FranklinIN46131
1199 Hospital Rd
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.
278 Walnut St
FranklinIN46131
47 Meadow Ct W
WhitelandIN46184
126 Brookside Dr
WhitelandIN46184
1082 Fairlane Ct
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.
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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 | $1,181 | $950 | $1,300 |
| Franklin 3 Bedroom Homes for Rent | $1,734 | $1,299 | $2,025 |
| Franklin 4 Bedroom Homes for Rent | $2,165 | $1,820 | $2,395 |
| Franklin 5 Bedroom Homes for Rent | $2,203 | $1,950 | $2,365 |
| Franklin 6 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Franklin
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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 $775. Polo Run Apartments in the Winchester Village neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $807. 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 Shetland Studio | Studio,1BA | $807 |
| Summit Pointe | The Columbus | 1BR,1BA | $912 |
Best Value Apartments for Rent in Franklin, IN
As of March 01, 2026 the best value apartment in the Franklin area is the $1.11 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,799. The second greatest value Franklin apartment is the E1r Model at Brixin Franklin starting at $1,699 with a $1.16 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 | 3BR,2BA | $1.11 |
| Brixin Franklin | E1r | 4BR,2BA | $1.16 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.09 |
| Park Madison Apartments | 2x2 R-Prem | 2BR,2BA | $1.13 |
| Devonshire Apartments | The Wellington Renovated | 2BR,2BA | $1.37 |
| Pinebrook Apartments | 2x2 | 2BR,2BA | $1.39 |
| Keeneland Crest Apartments | Hartford | 2BR,1BA | $1.39 |
| Copper Chase at Stones Crossing | Bismuth | 1BR,1BA | $1.34 |
| Stonebrook of Franklin | 2 Bed, 1 Bath Renovated | 2BR,1BA | $1.40 |
| Summit Pointe | The Tanzania | 1BR,1BA | $1.27 |
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 ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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
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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 $3,838. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $950 to $2,395.
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 $2,395 with an average monthly rent of $1,797.
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 $3,838, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,299 to $2,025. Four Bedroom Single-Family rentals are also available starting from $1,820 and Four Bedroom Apartments start at $1,725.
Expert Rental Resources
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.
Helpful Local Expert Guides
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.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.