Franklin, IN rental market

What is the average rent in Franklin, IN?

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Last updated October 4, 2026

Rental market summary

The average rent for all bedrooms and all property types in Franklin, IN is $1,718.

Average rent

$1,718

Month-over-month change

-$57

Year-over-year change

+$69

Available rentals

74

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $600 to $2,450.

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Rent frequencies
Rent priceNumber of rental properties
$5001
$6002
$7003
$8004
$9001
$1,0001
$1,1007
$1,2006
$1,3009
$1,4007
$1,5002
$1,6004
$1,70011
$1,8009
$1,9007
$2,00010
$2,1004
$2,3001
$2,400+1

Average rent price over time

In the last year, rent has increased by $69 compared to the previous year.

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Average rent price over time
Last year (2025)This year (2026)
Jan$1,659$1,572
Feb$1,675$1,600
Mar$1,715$1,600
Apr$1,688$1,685
May$1,299$1,865
Jun$1,400$1,875
Jul$1,765$1,757
Aug$1,700$1,715
Sep$1,716$1,712
Oct$1,647$1,762
Nov$1,639No data
Dec$1,635No data

Market temperature

The Franklin, IN rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

cool

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in Franklin, IN is 14% lower than the national average.

Franklin, INvs.
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$1,718

$2,000

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Frequently asked questions

1. What is the average rent in Franklin, IN?

The average rent in Franklin, IN is $1,718.

2. What is the average rent for a studio apartment in Franklin, IN?

The average rent for a studio apartment in Franklin, IN is $800 per month.

3. What is the average rent for a one-bedroom apartment in Franklin, IN?

The average rent for a one-bedroom apartment in Franklin, IN is $825 per month.

4. What is the average rent for a two-bedroom apartment in Franklin, IN?

The average rent for a two-bedroom apartment in Franklin, IN is $1,325 per month.

5. What is the average rent for a three-bedroom apartment in Franklin, IN?

The average rent for a three-bedroom apartment in Franklin, IN is $1,795 per month.

6. What is the average rent for a four-bedroom apartment in Franklin, IN?

The average rent for a four-bedroom apartment in Franklin, IN is $2,024 per month.

7. How much does it cost to rent a house in Franklin, IN?

Houses in Franklin, IN rent between $600 - $2,450 with an average rent of $1,718.

8. How has the rent in Franklin, IN changed in the last year?

In the last year, the rent in Franklin, IN increased by $69

9. How much has the rent in Franklin, IN increased/decreased in the last month?

In the last month, the rent in Franklin, IN decreased by $57

10. How many available rentals are there in Franklin, IN?

There are currently 74 rentals available in Franklin, IN.

11. How do rent prices in Franklin, IN compare with the national average?

The average rent in Franklin, IN is $1,718 — 14.1% lower the national average of $2,000.

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