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Franklin, IN Condos for Rent

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  • 447 E Jefferson St Unit 3, Franklin, IN 46131
    447 E Jefferson St Unit 3, Franklin, IN 46131
    447 E Jefferson St Unit 3, Franklin, IN 46131
    /20

    $1,289 Per Month

    • 3 Beds
    • 1 Bath
    • 850 Sq Ft
    • Condo for Rent

    447 E Jefferson St Unit 3, Franklin, IN 46131

    This spacious and inviting 3-bedroom, 1-bath Victorian apartment offers an abundance of natural light and timeless architectural charm. The formal dining room and well-appointed kitchen provide ample counter space, plentiful cabinetry, a large pantry, and brand-new appliances—perfect for cooking and entertaining.Enjoy a bright and comfortable living area in this split floor plan,

    447 E Jefferson St Unit 3, Franklin, IN 46131
  • 1092 Cobra Dr, Franklin, IN 46131
    1092 Cobra Dr, Franklin, IN 46131
    1092 Cobra Dr, Franklin, IN 46131
    /32

    $1,800 Per Month

    • 3 Beds
    • 3 Baths
    • 2,441 Sq Ft
    • Condo for Rent

    1092 Cobra Dr, Franklin, IN 46131

    Stunning 3 bed, 3 bath duplex home in the desirable Deer Run neighborhood of Franklin, Indiana. Open concept living space seamlessly blends kitchen, dining, and living room. 2 main floor bedrooms each with own full bath, and a luxurious master suite. Loft area with full bath provides versatile space. Charming patio area for relaxing or hosting summer barbecues. Perfect combination of comfort and

    Mark Jones PMI Midwest

    1092 Cobra Dr, Franklin, IN 46131
  • 120 E King St, Franklin, IN 46131
    120 E King St, Franklin, IN 46131
    120 E King St, Franklin, IN 46131
    /24

    $1,199 Per Month

    • 2 Beds
    • 2 Baths
    • 1,464 Sq Ft
    • Condo for Rent

    120 E King St, Franklin, IN 46131

    Looking for the perfect Franklin home! Look no further then this adorable 2 bedroom 2 bath home, located in the heart of Franklin, IN. This amazing apartment has spacious living room and kitchen. Updated flooring throughout. Lots of natural light and surrounded by mature trees perfect home for a nature lover! Washer and dryer hook up in unit. Schedule a showing for this amazing home today.

    Mark Jones PMI Midwest

    120 E King St, Franklin, IN 46131
Indiana Johnson County

Condos for Rent in Franklin, IN

Frequently Asked Questions

How much does it cost to rent a condo in Franklin, IN?
The median rent for a condo in Franklin, IN is $1,289 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Franklin, IN?
To comfortably afford the median rent in Franklin, IN, a household needs to earn roughly $72,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,800 per month in Franklin, IN, renters typically need to show $5,400 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Franklin, IN?
In Franklin, IN, the price-to-rent ratio is 15.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Franklin, IN are best for renting a condo?
The best neighborhood for renting in Franklin, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Near Eastside, Saint Joseph Historic Neighborhood, Garfield Park, Near Southeast and Bates-Hendricks, each with its own character and price range.

Condo Rental Trends in Franklin, IN

There are currently 3 condos available for rent in Franklin, IN. The median rent is $1,289 per month, with 1-bedroom condos renting at $900, 2-bedroom condos at $1,113 and 3-bedroom condos at $1,749.

Rental Home Trends

Number of Condos for Rent
3
Median Condo Rent
$1,289
Median 1 Bedroom Condo Rent
$900
Median 2 Bedroom Condo Rent
$1,113
Median 3 Bedroom Condo Rent
$1,749
How to Rent a Home

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