selected.
of neighborhoods selected. We’ll search anywhere in .
Start your Franklin apartment search!
Select how many bedrooms you want.
S
Studio
1
Bed
2
Beds
3+
Beds
What are you looking to pay?
Where are you looking to move?
Please enter a location.
Where do you work or go to school?
We'll show you how far the commute is
to the places you go to the most.
Please enter a location or skip.
I want to live within
How do you get there?
I drive (without traffic)
I drive (in traffic)
I ride public transit
I bike
What do you prefer?
On-site laundry
In-unit laundry
Washer/dryer connections
What about parking?
Garage
Parking
What other features do you want?
Hardwood Floors
Dishwasher
Air Conditioning
Patio/Balcony
Pool
Gym
What pets do you have?
Dog
Cat
I care most about
Getting all my features
Staying in the location I want
Having the cheapest price
Don’t worry, this won’t remove any matches
About when would you like to move in?
1
I’m just looking
2
I want to move, but I’m not in a hurry
3
I need to move, but can be a little flexible
4
I’ve gotta move!
What lease length are you looking to sign?
Are you signing a lease with anyone else?
A cosigner
Roommates, partner, etc.
Me, myself, and I
What's your monthly household income, before taxes?
Be sure to include the total income from all adults.
(We use this to save you time & help you find rents you will qualify for.)
Great! Your income qualifies you for the rent you chose.
So you know, apartments typically require your monthly income to be 2-3x the rent. Exact income requirements may vary, so always double-check with the apartment.
Apartments require 2-3x the rent in monthly income
Your monthly income only qualifies for a max rent of . Do you want to change your max rent?
Yes
Yes. Set my max rent to
No
No, I'll stick with
Did you know apartments require 2-3x the rent in monthly income?
Depending on your exact income you may not qualify for all apartments up to $500.
Have you been evicted?
No
I've never been evicted
Yes
I've been evicted
How did you hear about Apartment List?
Please select all that apply.
Billboard
Friend or Family
Postcard / Snail Mail
Google
Facebook
TV / Streaming Video
Radio / Streaming Audio
Other
Let’s find that perfect home
We’ll get started finding you the best out there. But first, let’s learn a little more about you.
Renters love us!
We’re rated 4.5 out of 5 because renters have so much success finding places they love.
Oops! Please enter an email.
Welcome to Apartment List
Looks like you've been here before. Welcome back.
Please log in to use this email.
Invalid email or password.
We've sent a password reset email with instructions to
You can close this window
Make your results better
Personalize your results by telling us what you think of your first three matches.
Get pre-qualified for top apartments
Apartments typically require your monthly income to be 2-3x the rent. Based on what you’d like to pay, you should make around or more.
Yes
I make about per month
No
I want to adjust my rent

12 Studio Apartments for rent in Franklin, IN

Last updated November 14 at 9:53pm UTC
114 East Jefferson Street
Franklin
Franklin, IN
Updated November 5 at 2:33pm UTC
Studio
$1,300
701 West Madison Street
Franklin
Franklin, IN
Updated October 30 at 8:35pm UTC
Studio
Ask
100 East Jefferson Street
Franklin
Franklin, IN
Updated October 17 at 12:39am UTC
Studio
$2,000
Results within 5 miles of Franklin, IN
2650 Fairview Place
Greenwood
Greenwood, IN
Updated November 14 at 9:53pm UTC
Studio
$1,700
Results within 10 miles of Franklin, IN
8511 Madison
South Perry
Indianapolis, IN
Updated November 14 at 9:53pm UTC
Studio
$3,500
8523 Madison Avenue
South Perry
Indianapolis, IN
Updated November 7 at 9:34pm UTC
Studio
$3,438
916 East Main Street
Greenwood
Greenwood, IN
Updated November 5 at 10:22pm UTC
Studio
$4,850
8915 South Keystone Avenue
South Perry
Indianapolis, IN
Updated October 30 at 11:52pm UTC
Studio
Ask
2801 Fairview Place
Greenwood
Greenwood, IN
Updated October 19 at 2:50am UTC
Studio
$1,400
1709 South State Road 135
Greenwood
Greenwood, IN
Updated October 4 at 11:08pm UTC
Studio
$14,000
7502 MADISON Avenue
South Perry
Indianapolis, IN
Updated August 17 at 2:15pm UTC
Studio
$1,000
1001 COMMERCE PARKWAY SOUTH Drive
Greenwood
Greenwood, IN
Updated September 26 at 12:31am UTC
Studio
$2,250

November 2018 Franklin Rent Report

Welcome to the November 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.

View full Franklin Rent Report
Rent Report
Franklin

November 2018 Franklin Rent Report

Welcome to the November 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 moderately over the past month

Franklin rents have increased 0.3% over the past month, and are up marginally by 0.7% 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 lags the state average of 1.0%, as well as the national average of 1.1%.

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, 9 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 $1,210; of the 10 largest cities in the metro that we have data for, Muncie, where a two-bedroom goes for $720, is the only major city to see rents fall year-over-year (-1.4%).
  • Noblesville, Carmel, and Bloomington have all experienced year-over-year growth above the state average (5.8%, 2.4%, 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 1.1% over the past year compared to the 0.7% rise in Franklin.
  • While Franklin's rents rose marginally over the past year, the city of Seattle saw a decrease of 1.3%.
  • 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.