Founders Pointe Apartments
7505 Founders Way,
Franklin, IN 46131
$1,349 - $1,895
1-3 Beds
Franklin
Franklin, IN Area Guide
Enjoy a small-town atmosphere with suburban conveniences
Suburban
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Rural
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Historic
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Modern
•
Growing
•
Charming
•
Quaint
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Close-Knit
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Welcoming
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Convenient
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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 March 2026, the average apartment rent in Franklin, IN is $849 for a studio, $1,203 for one bedroom, $1,295 for two bedrooms, and $1,720 for three bedrooms. Apartment rent in Franklin has increased by 6.1% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,203/month
712 Sq Ft
House
$1,749/month
1,405 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Franklin, IN is for everyday living.
Car-Dependent
35
/ 100
This area is considered a car-dependent area and most errands will require a car.
Somewhat Bikeable
42
/ 100
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Scores provided by Walk Score
Schools
Public
Grades PK-5
Custer Baker Intermediate School
Public
Grades K-5
Public
Grades PK-5
Public
Grades PK-5
Public
Grades K-5
Franklin Community Middle School
Public
Grades 6-8
Franklin Community High School
Public
Grades 9-12
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Blue Heron Park
- Summerfield Park
- Craig Park
- Children's Garden Park
- Westside Park
Commuter Rail
Airports
- Indianapolis International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.