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99 Apartments for rent in Franklin, IN

Read Guide >
Last updated December 10 at 10:55am UTC
1572 Cottonwood Drive
Franklin
Franklin, IN
Updated December 10 at 10:55am UTC
3 Bedrooms
$1,145
2329 Bridlewood Drive
Franklin
Franklin, IN
Updated December 10 at 10:55am UTC
3 Bedrooms
$1,350
4002 Tamara Way
Franklin
Franklin, IN
Updated December 10 at 10:54am UTC
3 Bedrooms
$1,275
79 14th Street
Franklin
Franklin, IN
Updated December 10 at 10:54am UTC
3 Bedrooms
$895
940 Harbon Drive
Franklin
Franklin, IN
Updated December 9 at 10:24am UTC
3 Bedrooms
$1,150
2789 BRANIFIELD Drive
Franklin
Franklin, IN
Updated December 10 at 9:27am UTC
3 Bedrooms
$1,250
100 East Jefferson Street
Franklin
Franklin, IN
Updated December 10 at 9:27am UTC
Studio
$2,000
114 East Jefferson Street
Franklin
Franklin, IN
Updated December 10 at 9:27am UTC
Studio
$1,300
2185 Galaxy Drive
Franklin
Franklin, IN
Updated December 10 at 9:27am UTC
2 Bedrooms
$850
2183 Galaxy Drive
Franklin
Franklin, IN
Updated December 10 at 9:27am UTC
2 Bedrooms
$850
2375 Bristol Dr.
Franklin
Franklin, IN
Updated November 30 at 11:08am UTC
4 Bedrooms
$1,275
451 Meadowlark Drive
Whiteland
Whiteland, IN
Updated December 10 at 10:55am UTC
3 Bedrooms
$1,245
359 Parkway Street
Whiteland
Whiteland, IN
Updated December 10 at 10:55am UTC
3 Bedrooms
$1,150
1111 W Jefferson
Johnson County
Johnson County, IN
Updated December 10 at 9:22am UTC
3 Bedrooms
$3,000
Results within 1 miles of Franklin, IN
Hartshire Lakes Apartments
3170 Hartshire South Dr
Bargersville, IN
Updated December 10 at 4:13am UTC
1 Bedroom
$795
2 Bedrooms
$945
3 Bedrooms
$1,020
Results within 5 miles of Franklin, IN
Clearview Apartments
715 Clearview D
Greenwood, IN
Updated December 10 at 4:13am UTC
Studio
Ask
1 Bedroom
$644
2 Bedrooms
Ask
990 Bull Run West Drive
Greenwood
Greenwood, IN
Updated December 10 at 10:55am UTC
3 Bedrooms
$1,350
2375 Bristol Dr.
Franklin
Franklin, IN
Updated December 10 at 7:49am UTC
4 Bedrooms
$1,275
4225 Fairoaks Drive
Franklin
Franklin, IN
Updated December 9 at 10:17am UTC
3 Bedrooms
$1,075
1051 Taurus Court
Franklin
Franklin, IN
Updated December 8 at 2:08am UTC
4 Bedrooms
$1,075
2014 Falcon Court
Franklin
Franklin, IN
Updated December 8 at 2:08am UTC
4 Bedrooms
$1,050
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

Rent Report
Franklin

December 2018 Franklin Rent Report

Welcome to the December 2018 Franklin Rent Report. Franklin rents increased 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 increased slightly over the past month

Franklin rents have increased 0.2% over the past month, and are up marginally by 0.9% 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. This is the second straight month that the city has seen rent increases after a decline in September. Franklin's year-over-year rent growth lags the state average of 1.0%, as well as the national average of 1.3%.

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 1.0% 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 $1,200; of the 10 largest cities in Indiana metro that we have data for, Muncie and Evansville, where two-bedrooms go for $720 and $860, are the only two major cities in the metro to see rents fall year-over-year (-0.8% and -0.4%).
  • Noblesville, Carmel, and Fort Wayne have all experienced year-over-year growth above the state average (7.1%, 1.6%, and 1.2%, respectively).

Franklin rents more affordable than many large cities nationwide

As rents have increased marginally in Franklin, a few 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 1.3% over the past year compared to the 0.9% rise in Franklin.
  • While Franklin's rents rose marginally over the past year, the city of Seattle saw a decrease of 0.4%.
  • Renters will find more reasonable prices in Franklin than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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.