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Cheap Apartments for Rent in Franklin IN - 86 Rentals

Franklin, IN Cheap Apartments for Rent

Whether you're on a budget or just looking to save, there are plenty of ways to find cheap apartments and affordable rent in Franklin. Start by defining your list of apartment “must-haves.” What features can you not live without? If you want to live within walking distance to your favorite downtown locations, you may find that apartment size and upscale amenities are not as important to you. On the other hand, if you value space, access to community amenities, or high-end appliances, you may be willing to move farther out from Franklin hot spots where you can afford more apartment for less.

How to Find a Cheap Apartment in Franklin, IN

Rent in the city center tends to be more expensive. Try looking for budget-friendly apartments in neighborhoods farther from downtown. These areas offer mid-range prices and can still be close enough to everything you need. Try looking for areas of Franklin that might have more available rental units than others. In places with higher vacancy rates, landlords may be more likely to offer cheaper rent to fill the space.

When Are Apartments in Franklin, IN Cheapest?

If you want to find cheap rent in Franklin, timing can make a big difference. Apartments are usually cheaper during the off-season, typically December through March. During this time, fewer people are looking to move, so landlords are often more willing to offer lower rent to fill empty units. Another good time to search is at the end of the month when leases are up, and landlords want to fill vacancies quickly.

Cheap apartments in Franklin tend to go fast. Keep an eye on timing, neighborhood options, and special deals to score the best rental price.

Franklin, IN Rental Insights

Average Rent Rates

What is the average rent in Franklin, IN?

The average rent in Franklin is $1,092. When you rent an apartment in Franklin, you can expect to pay as little as $849 or as much as $1,688, depending on the location and the size of the apartment.

What is the average rent of a Studio apartment in Franklin, IN?

The average rent for a studio apartment in Franklin, IN is $849 per month.

What is the average rent of a 1 bedroom apartment in Franklin, IN?

The average rent for a one bedroom apartment in Franklin, IN is $1,092 per month.

What is the average rent of a 2 bedroom apartment in Franklin, IN?

The average rent for a two bedroom apartment in Franklin, IN is $1,252 per month.

What is the average rent of a 3 bedroom apartment in Franklin, IN?

The average rent for a three bedroom apartment in Franklin, IN is $1,688 per month.

Transportation

How transit friendly is Franklin, IN?

Transit options in Franklin vary, but overall, it has a transit score of 0.

Education

What are the top Elementary schools in Franklin, IN?

In Franklin, you’ll find top-ranking elementary schools like Webb Elementary School, Custer Baker Intermediate School, and Needham Elementary School.

What is the top middle school in Franklin, IN?

Franklin is home to some top-ranking middle schools, including Franklin Community Middle School.

What is the top high school in Franklin, IN?

Moving is tough for high school students! Look for Franklin apartments near top-ranking high schools like Franklin Community High School.

What colleges and universities are in Franklin, IN?

If you’re a student moving to an apartment in Franklin, you’ll have access to University of Indianapolis, Purdue Indianapolis, and Ivy Tech Community College.

Helpful Rental Guides for Franklin, IN

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How to Have a Staycation in Your Apartment
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How to Rent an Apartment with Bad Credit
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How to Set Up Utilities in Your New Apartment
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How to Set Up a Budget with Roommates
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