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66 Apartments for rent in Franklin, IN

Read Guide >
Last updated August 16 at 12:47pm UTC
2713 Branigin Creek Boulevard
Franklin
Franklin, IN
Updated August 10 at 9:29am UTC
3 Bedrooms
$1,000
Clearview Apartments
715 Clearview D
Greenwood, IN
Updated August 16 at 12:27pm UTC
Studio
$499
1 Bedroom
$634
2 Bedrooms
Ask
710 Executive Park Drive
Greenwood
Greenwood, IN
Updated August 16 at 10:35am UTC
Studio
$1,642
Results within 5 miles of Franklin, IN
210 Frostwood Ln.
Greenwood
Greenwood, IN
Updated August 3 at 10:13am UTC
3 Bedrooms
$995
730 Executive Park Drive
Greenwood
Greenwood, IN
Updated June 27 at 9:58pm UTC
Studio
$1,400
975 Curlew Lane
Greenwood
Greenwood, IN
Updated April 5 at 5:32pm UTC
4 Bedrooms
$1,550
Honey Creek Apartments
1786 Honey Ln
Greenwood, IN
Updated August 16 at 6:04am UTC
2 Bedrooms
$803
3 Bedrooms
$1,077
110 LANCELOT Drive
Franklin
Franklin, IN
Updated August 13 at 10:44pm UTC
3 Bedrooms
$1,095
1199N ABERDEEN DR
Franklin
Franklin, IN
Updated August 11 at 10:03am UTC
4 Bedrooms
$1,325
701 West Madison Street
Franklin
Franklin, IN
Updated January 17 at 9:40am UTC
Studio
Ask
1900 Fountain Circle
Greenwood
Greenwood, IN
Updated August 16 at 10:17am UTC
3 Bedrooms
$1,400
2927 Hearthside Dr.
Greenwood
Greenwood, IN
Updated August 16 at 10:11am UTC
4 Bedrooms
$1,450
1278 Kenwood Drive
Greenwood
Greenwood, IN
Updated August 16 at 3:08am UTC
4 Bedrooms
$1,320
1457 Green Spring Way
Greenwood
Greenwood, IN
Updated August 14 at 2:24pm UTC
3 Bedrooms
$1,395
72 Winterwood Drive
Greenwood
Greenwood, IN
Updated August 11 at 7:03am UTC
3 Bedrooms
$1,300
668 Mountain Pine Dr
Greenwood
Greenwood, IN
Updated July 18 at 10:14am UTC
3 Bedrooms
$1,150
1112 Cobra Dr
Franklin
Franklin, IN
Updated August 9 at 5:12pm UTC
4 Bedrooms
$1,050
1200 N Aberdeen Dr
Franklin
Franklin, IN
Updated August 1 at 5:13pm UTC
4 Bedrooms
$1,150
Results within 10 miles of Franklin, IN
0
Whiteland
Whiteland, IN
Updated August 8 at 5:21pm UTC
3 Bedrooms
$1,050
623 Rocky Meadow Dr
Greenwood
Greenwood, IN
Updated August 3 at 5:20pm UTC
4 Bedrooms
$1,150
City Guide
Franklin

If you're the kind of person loves renting in a walkable city, then you are in luck. With plenty of connecting creek-side greenways and parks, as well as a quaint walker-friendly downtown, your feet can take you anywhere your heart desires and your surroundings will never fall short of beautiful. In downtown, you will find plenty of shops, eats, and entertainment among the historic buildings, including the Artcraft Theatre, a community center for film, art, and special events.

The cost of housing in Franklin ranges from cheap apartments to costly luxury townhomes. Cheap apartments are becoming harder to come by, with rentals that cost less are in high demand and low supply. However, there are some beautiful townhomes and nice, big apartments to choose from, there are also some charming 2-story townhomes with huge loft-style layouts that feature hardwood floors, cathedral ceilings, grand rooms, and attached garages.

While in-unit amenities often include convenient and tempting extras, such as a yard, washer and dryer hookups, garage, and a porch, community amenities usually feature just the most basic of amenities, such as parking. However, one of the more affordable apartment communities in town, the Traditions on Eastview Drive, does include a swimming pool, gym, and laundry facilities, plus some great lake views!

Looking for a pet-friendly apartment rental? Well, that may be a tough one. Though you can surely find a cat friendly apartment, dog friendly apartments are much harder to come by. For all you dog owners out there, a little legwork may be in order. Look for smaller apartment buildings, duplexes, and rental homes in the local classifieds to find a dog-friendly landlord.

Franklin is a sweet city, so we'll keep this guide sweet and simple... and short. Have fun and best of luck on the home hunt!

-By Katy Comal

August 2018 Franklin Rent Report

Welcome to the August 2018 Franklin Rent Report. Franklin rents declined over the past month. In this report, we'll evaluate trends in the Franklin rental market, including comparisons to cities throughout the state and nation.

View full Franklin Rent Report
Rent Report
Franklin

August 2018 Franklin Rent Report

Welcome to the August 2018 Franklin Rent Report. Franklin rents declined over the past month. In this report, we'll evaluate trends in the Franklin rental market, including comparisons to cities throughout the state and nation.

Franklin rents declined significantly over the past month

Franklin rents have declined 0.5% over the past month, but have increased slightly by 1.2% in comparison to the same time last year. Currently, median rents in Franklin stand at $730 for a one-bedroom apartment and $910 for a two-bedroom. Franklin's year-over-year rent growth leads the state average of 1.1%, but is in line with the national average of 1.2%.

Rents rising across cities in the Louisville Metro

Throughout the past year, rent increases have been occurring not just in the city of Franklin, but across the entire metro. Of the largest 10 cities that we have data for in the Franklin metro, 8 of them have seen prices rise. Indiana as a whole logged rent growth of 1.1% over the past year. Here's a look at how rents compare across some of the largest cities in the metro.

  • Looking throughout the metro, Carmel is the most expensive of all Franklin metro's major cities, with a median two-bedroom rent of $1,210; of the 10 largest cities in Indiana metro that we have data for, Louisville and Fishers, where two-bedrooms go for $840 and $1,190, are the only two major cities in the metro to see rents fall year-over-year (-1.7% and -0.6%).
  • Noblesville, Carmel, and Indianapolis have all experienced year-over-year growth above the state average (5.7%, 1.7%, and 1.5%, respectively).

Franklin rents more affordable than many large cities nationwide

As rents have increased slightly in Franklin, large cities nationwide have seen rents grow more quickly. Franklin is still more affordable than most large cities across the country.

  • Franklin's median two-bedroom rent of $910 is below the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year, which matches the increase in Franklin.
  • While Franklin's rents rose slightly over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.4%).
  • Renters will find more reasonable prices in Franklin than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is nearly three-and-a-half times the price in Franklin.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.