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Rent in Franklin, IN: Prices & Apartments for Rent

As of October 17, 2026, the median asking rent for a 3+ bedroom in Franklin, IN is $1,866/month, based on 47 active listings on Redfin, Zillow and ApartmentHomeLiving.

That is 4% above the Indiana 3+ bedroom median of about $1,795. Nearby, the 3+ bedroom median ranges from $1,795 in Indianapolis to $2,704 in Carmel.

Updated · 100 listings. Prices are advertised asking rents; check availability on the original listing. How we calculate

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Median rent in Franklin

From listings with a single price and a single bedroom count. Fewer than 20 such listings and we leave the figure out.

Studio
—
2 listings
1 bedroom
—
0 listings
2 bedrooms
—
19 listings
3+ bedrooms
$1,866
47 listings

Rentals in Franklin

See all 100 on the map →

Renting in Franklin: common questions

How many rentals are available in Franklin, IN?
100 rentals are listed in Franklin, IN on Redfin, Zillow and ApartmentHomeLiving as of October 17, 2026, after removing listings that appear on more than one site.
How are these rent prices calculated?
We collect active listings from Redfin, Zillow and ApartmentHomeLiving, remove duplicates across sites, and take the median of asking rents for listings with one price and one bedroom count. If fewer than 20 listings qualify for a bedroom size, we leave that figure out. Read the full methodology
How much income do I need to rent in Franklin, IN?
Many landlords ask for gross income of at least 3 times the monthly rent. For a median 3+ bedroom at $1,866/month, that is about $5,598 a month, or $67,176 a year.
What is the cheapest city near Franklin, IN to rent in?
Among nearby cities we track, Indianapolis, IN has the lowest median 3+ bedroom rent at $1,795/month, $71 less than Franklin.

Rent in cities near Franklin

All cities in Indiana · Cheapest places to rent in Indiana · Embed this data