Pictured is an aerial view of Franklin's downtown area.
This beautiful bridge is located at Franklin's Province Park.
A breathtaking view of Franklin's county courthouse.
In downtown Franklin there is no lack of shopping or things to do.
Province Park in Franklin is a 50-acre park with shelters, playgrounds and trails along a creek

Franklin, IN Area Guide

Avg Rent

$1,224

Population

27,502

Renter Mix

33% Rent

Enjoy a small-town atmosphere with suburban conveniences

Suburban Rural Historic

Franklin, Indiana carries the kind of small-town character that's hard to manufacture and even harder to leave. As the county seat of Johnson County, the city draws energy from Franklin College, a liberal arts institution woven into the fabric of downtown life, bringing arts performances, athletic events, and an academic pulse to the area. The historic downtown square anchors the city's identity, where 19th-century architecture frames a lively calendar that includes beloved annual gatherings like Strawberries on the Square and the Holiday Lighting ceremony. Situated about 20 minutes south of Indianapolis, Franklin offers a quieter pace without disconnecting residents from the broader metro area.

The housing landscape here reflects the city's character: a mix of craftsman-style homes converted into rental units, townhomes, and well-maintained apartment communities that range from cozy one-bedroom layouts to more spacious multi-bedroom options. Renters can choose between the walkable energy of the downtown corridor and quieter residential pockets on the city's outer edges. Whether you're drawn to the college-town atmosphere, the historic streets, or the straightforward access to Indianapolis, Franklin delivers an approachable, grounded lifestyle with genuine small-city soul.

Explore the City

A breathtaking view of Franklin's county courthouse.

In downtown Franklin there is no lack of shopping or things to do.

Province Park in Franklin is a 50-acre park with shelters, playgrounds and trails along a creek

Find historic homes throughout Franklin.

Franklin College is a private liberal arts college with a rich history.

The Willard, is a local favorite in Franklin, IN.

Demographics

Median Household Income

$70,633

Average: $82,494

Education

4,824

Residents Have a Degree

Job Market

13,570

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

38 Years

Largest Age Group

15-24 Years

Approximately 14% of Residents

Under 20

25%

Over 65

18%

Housing Distribution

Franklin has more homeowners than renters.

Renters
33%
Non-Renters
67%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
14%
Other Education
86%

Rent Trends

As of July 2026, the average apartment rent in Franklin, IN is $832 for a studio, $1,229 for one bedroom, $1,287 for two bedrooms, and $1,813 for three bedrooms. Apartment rent in Franklin has increased by 5.0% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,229/month
712 Sq Ft
House
$1,900/month
1,764 Sq Ft
See Rental Market Trends in Franklin, IN

Learn More About Franklin

Getting Around

Somewhat Walkable

Walkability

30 / 100

Very Drivable

Drivability

80 / 100

Fairly Bikeable

Bikeability

40 / 100

Schools

Webb Elementary School

Public

Grades PK-5

319 Students

Custer Baker Intermediate School

Public

Grades K-5

734 Students

Needham Elementary School

Public

Grades PK-5

347 Students

Northwood Elementary School

Public

Grades PK-5

561 Students

Creekside Elementary School

Public

Grades PK-5

517 Students

Franklin Community Middle School

Public

Grades 6-8

759 Students

Franklin Community High School

Public

Grades 9-12

1,610 Students

Points of Interest

Parks and Recreation

  • Blue Heron Park
  • Summerfield Park
  • Craig Park
  • Children's Garden Park
  • Westside Park

Commuter Rail

Airports

  • Indianapolis International

Top Apartments in Franklin

Houses for Rent in Franklin

Living in Franklin

History

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Franklin's downtown historic district reflects the city's 19th-century origins, with preserved brick storefronts and courthouse square architecture that anchors the community. The Johnson County Courthouse, built in the late 1800s, remains a working landmark at the heart of the city. Many original commercial buildings have found new life as local businesses, restaurants, and shops while maintaining their historic character. Franklin College, established in 1834, adds institutional history to the landscape with its traditional collegiate architecture and tree-lined campus.

The city celebrates its heritage through seasonal events on the historic square and maintains several museums that showcase local history. Victorian-era homes line residential streets near downtown, offering visible connections to Franklin's development as a county seat and college town. Walking through the historic core reveals layers of architectural styles from different eras, all within a compact, walkable area that invites exploration.

Transportation

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Franklin is a small city in Johnson County where most residents rely on personal vehicles for their daily commutes. U.S. Route 31 runs through town and serves as the main north-south corridor, connecting Franklin to Indianapolis about 25 miles to the north. Interstate 65 runs nearby to the west, offering quick access to the broader region. Public transit options are limited, and the city has a walkable downtown area with sidewalks but lacks a comprehensive bike lane network. Indianapolis International Airport is roughly 30 miles away and serves as the primary air travel option for residents.

Parks

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Franklin has several parks and green spaces for outdoor enjoyment. Province Park, near downtown, offers walking trails, fishing along two creeks, a rose garden, and a dog park. Blue Heron Park and Wetland features open play areas, a boardwalk through protected wetlands, and access to the Historic Franklin Greenway. The Historic Franklin Greenway Trail ties many of these parks together, offering a scenic corridor for walking, jogging, and cycling through the city. Residents can also explore the broader Johnson County park system, which includes additional recreational facilities and natural spaces.

Highlights

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Franklin, Indiana, is a charming small city south of Indianapolis that serves as the Johnson County seat and home to Franklin College, a private liberal arts institution founded in 1834. With a welcoming downtown, local parks, and easy access to Indianapolis, Franklin offers a relaxed yet connected lifestyle.

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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 June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.