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Enjoy a small-town atmosphere with suburban conveniences

  • Suburban
  • Rural
  • Historic
  • Modern
  • Growing
  • Charming
  • Quaint
  • Close-Knit
  • Welcoming
  • Convenient

Situated in the heart of Central Indiana, Franklin boasts an exciting blend of historic tradition and modern innovation. This blend is most evident in Franklin’s downtown area, where rows of specialty shops, coffeehouses, and restaurants occupy historic buildings, lending a modern flair to its vintage appeal. Franklin College is also located in Downtown Franklin, contributing an array of cultural and sporting events to the community.

The Franklin community gathers downtown for a bevy of year-round events, including Strawberries on the Square, Smoke on the Square, the Great Race, Hops and Vines, and the Holiday Lighting ceremony. Franklin is surrounded by farmland but just 20 minutes’ driving distance from Indianapolis. Residents enjoy the benefits of a historic small-town feel with all the conveniences of a suburban lifestyle. Getting around from Franklin is easy with access to I-65 and U.S. 31.

Rent Trends

As of August 2018, the average apartment rent in Franklin, IN is $584 for a studio, $697 for one bedroom, $717 for two bedrooms, and $887 for three bedrooms. Apartment rent in Franklin has increased by 7.6% in the past year.

Beds Avg Sq Ft Avg Rent
Studio 288 $584
1 BR 671 $697
2 BR 895 $717
3 BR 1,163 $887


32 Walk Score® Car-Dependent
25 Bike Score® Somewhat Bikeable


37 Apartments Available

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  • Traditions Townhomes
    1600 Traditions Ct, Franklin, IN 46131
    $835 - 1,260 2 Bed Available 08/31/18
  • 2 wks
    1800 Lakeside Dr, Franklin, IN 46131
    $635 - 825 1-3 Bed Not Available
  • 5 days
    Franklin Place Apartments
    1485 Franklin Place Ct, Franklin, IN 46131
    $496 - 819 1-3 Bed Available Soon
  • 2 wks
    Stonebrook Of Franklin
    806 Old Plank Rd, Franklin, IN 46131
    $600 - 825 1-3 Bed Available Soon
  • 5 days
    Green Acre Apartments
    1700 Preidt Cir, Franklin, IN 46131
    $715 - 765 2 Bed Available Soon
  • Meadowood
    820 Hospital Rd, Franklin, IN 46131
    $839 - 859 1-2 Bed Available 08/24/18
    2 wks
  • City View Farm
    1037 W Jefferson St, Franklin, IN 46131
    No Availability 2 wks

Apartments for Rent Under $900 in Franklin, IN

You searched for apartments in Franklin, IN. Let help you find the perfect rental near you. Click to view any of these 37 available rental units in Franklin to see photos, reviews, floor plans and verified information about schools, neighborhoods, unit availability and more. has the most extensive inventory of any apartment search site, with over 149 thousand currently available apartments for rent. You can trust to find your next Franklin rental under $900.

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