Find Rentals in Franklin

Explore Listings

Browse Apartments

Property Managers

List Your Rentals

Listings Quality Policy

Renter Resources

Avoid Scams & Fraud

Rent vs. Buy Calculator

Rent Affordability Calculator

Help & Support

Filters Save Search Homes For You

Apartments for Rent in Franklin, IN

1-11 of 11 rentals

Apartment for rent at 1037 W Jefferson St, Franklin, IN 46131

Updated - today

Managed by City View Apartments

$1,261 - $1,618

Apartment1-3 Beds1-2 Baths788-1,206 ft²

1037 W Jefferson St

Franklin, IN 46131

Welcome to City View Farm Apartments. Our charming community offers modern, up-to-date apartment homes to Franklin, Indiana, one of the top south Indianapolis cities. City View Farm Apartments offers a place where you can take advantage of city sophistication in a quaint, country setting. With just a quick 30 min drive to Indianapolis our residents can experience rustic and urban living has to offer. Our beautiful apartment homes offer open kitchens and large living areas where you'll enjoy an abundant gathering space for your family and guests.

Featured

Managed by TMA Management

$1,210

Apartment2 Beds1 Bath900 ft²

401 N Main St #4B

Franklin, IN 46131

Fully Renovated unit with 2 bedroom, 1 bathroom in sought after downtown Franklin. This contemporary unit offers new countertops, stainless steel appliances, large bowl sink, washer/dryer hookups, central air and more. The highly desirable floor plan consists of 2 large bedrooms, a spacious living room, new shower/tub and a private deck. Combined that with all the updates and the great location makes this the perfect place for you. Located on the coveted Main Street mile from the courthouse allows residents to enjoy all the activities downtown Franklin offers.

Updated - today

Managed by Founder's Pointe Apartments

$1,250 - $1,300

Apartment1 Bed1 Bath776-856 ft²

7505 Founders Way

Franklin, IN 46131

Welcome to Founders Pointe Apartments, presented by Founder's Pointe Apartments. We have several units available for lease. For more information and to schedule a showing, please contact us. Luxurious Swimming Pool; Large Clubhouse; 24 Hour State-of-the-Art Fitness Center; 24 hr Online Leasing, High Speed Internet, Pet Friendly, Coming soon-Playground and Dog Park, Range, Dishwasher, Refrigerator & Microwave. Pet Friendly.

Featured

Managed by TMA Management

$1,025

Apartment1 Bed1 Bath900 ft²

401 N Main St #1C

Franklin, IN 46131

Huge 1 bedroom, 1 bathroom with an office/den in sought after downtown Franklin. This contemporary unit offers newer countertops, large bowl sink, washer/dryer hookups, central air and more. The highly desirable floor plan consists of a large bedroom, similarly sized office/den, a spacious living room and new shower/tub. Combined with the great location, makes this the perfect place for you. Located on the coveted Main Street mile from the courthouse allows residents to enjoy all the activities downtown Franklin offers.

Updated - yesterday

Managed by Granite Management - Indianapolis

$1,250

Apartment2 Beds1 Bath800 ft²

301 W Adams St

Franklin, IN 46131

Welcome to 301 W Adams St, presented by Granite Management - Indianapolis. We have several units available for lease. For more information and to schedule a showing, please contact us.

Updated - 2 days ago

Managed by WILMOTH Group

$1,025

Apartment2 Beds1 Bath700 ft²

1420 E Jefferson St #3

Franklin, IN 46131

Welcome to this charming 2-bedroom, 1-bathroom apartment located in the heart of Franklin, Indiana. As you step inside, you'll be greeted by a bright and airy living room with plenty of natural light. Adjacent to the living room is a cozy dining area, perfect for meals and gatherings. The open layout flows seamlessly into the kitchen, which is equipped with a stove/oven range, refrigerator and ample cabinet space for all your storage needs. Both bedrooms are nicely sized and feature closet space for your convenience. The entire apartment boasts easy-to-maintain vinyl flooring, making upkeep simple.

Featured

Managed by WILMOTH Group

$1,025

Apartment2 Beds1 Bath653 ft²

1410 E Jefferson St #11

Franklin, IN 46131

Charming 2-bedroom, 1-bathroom unit in Franklin, Indiana. This apartment offers a cozy atmosphere with a smart layout connecting living and dining areas. Large windows provide ample natural light and each bedroom offers a comfortable retreat. The modern bathroom features stylish fixtures. Located in a vibrant neighborhood close to local amenities, parks and cultural attractions, this property blends comfort, style and convenience. Tenants will be charged their portion of water/sewer each month.

Managed by Key Management

$1,445

Apartment2 Beds2 Baths1,056 ft²

1037 W Jefferson St #A32

Franklin, IN 46131

2 bedroom 2 bathroom property conveniently situated in Franklin 46131. Affordably priced at only $1445 per month and offered with excellent features. Settle into a fantastic way of life that you owe to yourself. Pet Friendly, Air conditioning, Private balcony/deck, Dishwasher, Garbage Disposal & Patio.

Managed by Key Management

$1,725

Apartment3 Beds2 Baths1,261 ft²

7505 Founders Way #C13

Franklin, IN 46131

Gorgeous 3 Bd 2BA decked out with a wonderful selection of rental amenities. Conveniently situated in Franklin and reasonably priced at just $1725 per mo. Unwind in a remarkable lifestyle that you've been searching for. Pet Friendly, Air conditioning, Private balcony/deck, Dishwasher, Garbage Disposal, Microwave, Patio, Full Size Refrigerator, City View, Granite countertops & Sun Deck.

Managed by Key Management

$1,399

Apartment1 Bed1 Bath856 ft²

7505 Founders Way #C21

Franklin, IN 46131

1 bed 1 bath unit centrally located in Franklin In 46131. Priced to go quick at just $1399/month and decked out with awesome rental features. Step into an exceptional lifestyle that you will love. Contact us today to get more info. Pet Friendly, Air conditioning, Private balcony/deck, Dishwasher, Garbage Disposal, Microwave, Patio, Full Size Refrigerator, City View, Granite countertops & Sun Deck.

Managed by Key Management

$1,899

Apartment3 Beds2 Baths1,216 ft²

1902 Sawgrass Dr #A13

Franklin, IN 46131

3 Bd 2BA unit centrally situated in Franklin In 46131. Reasonably priced at $1899 per mo and packed with a great cumulation of amenities. Experience a charming way of life that you've been searching for. Pet Friendly, Air conditioning, Dishwasher, Garbage Disposal, Microwave, Patio & Full Size Refrigerator.

Viewing 1-11 of 11 rentals in Franklin

What to Know About

Life in Franklin & Beyond

Franklin shares many of the great qualities that make Indiana a desirable place to live.

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Franklin, IN

As of July 2025, Franklin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Franklin's average rent is 5.9% ($75) higher than the Indiana average of $1,263 and 24.6% ($437) lower than the U.S. average of $1,775.

Average Rent

$1,338

Monthly ChangeMonth Over Month Change

5.8% ($82)

Yearly ChangeYear Over Year Change

17.7% ($287)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,185	11.5% ($122)	2.2% ($25)
2 Beds	$1,411	10.8% ($137)	4.7% ($70)
3 Beds	$1,713	3.9% ($64)	0.5% ($8)

Nearby Cities	Average Rent	Avg. Rent vs. FranklinAverage Rent vs. Franklin	Avg. Days on MarketAverage Days on Market
Whiteland	$1,419	6.1% ($81)	27 days
Bargersville	$1,357	1.4% ($19)	24 days
Greenwood	$1,176	12.1% ($162)	28 days
Trafalgar	$1,273	4.9% ($65)	29 days
Shelbyville	$866	35.3% ($472)	29 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Franklin Rental Market FAQs

Explore rental prices, market trends, and availability in Franklin, IN.

What is the average rent in Franklin, IN?

The average rent in Franklin, IN is $1,338 per month.

What is the rental price range for apartments in Franklin, IN?

Apartments in Franklin typically rent for between $830 and $2,227 per month, with an average of $1,338 per month.

What is the average rent for different bedroom sizes in Franklin, IN?

In Franklin, the average rent for a 1-bedroom apartment is $1,185 per month, for a 2-bedroom apartment, $1,411 per month, and a 3-bedroom apartment is $1,713 per month.

How do rent prices in Franklin, IN compare with the national average?

The average rent in Franklin is 24.6% ($437) lower than the national average of $1,775 per month.

How have rent prices in Franklin, IN changed recently?

The average rent in Franklin has decreased by 5.8% ($82) in the last month and decreased by 17.7% ($287) over the past year.

How competitive is the rental market in Franklin, IN?

The rental market in Franklin, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Franklin, IN?

In Franklin, IN, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Franklin, IN?

There are currently 15 rental properties available in Franklin, IN.

Can I afford to rent an apartment in Franklin, IN?

Based on the current averages, a household would need an annual income of $56,440 to comfortably afford a 2-bedroom apartment in Franklin.