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Franklin, IN Condos for Rent

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  • 133 Pratt St Unit 1, Franklin, IN 46131
    133 Pratt St Unit 1, Franklin, IN 46131
    133 Pratt St Unit 1, Franklin, IN 46131
    /20

    $1,029 Per Month

    • 2 Beds
    • 1 Bath
    • 832 Sq Ft
    • Condo for Rent

    133 Pratt St Unit 1, Franklin, IN 46131

    "Section 8 Accepted" Welcome to 133 Pratt St Unit 1 in Franklin, IN This charming 832 sq ft apartment offers 2 bedrooms, 1 full bath, and a bright, open layout that feels instantly like home. Natural light fills the space, while the easy-flow floor plan makes relaxing or hosting a breeze. Located close to shopping, dining, and local recreation, you’ll have everything you need right

    133 Pratt St Unit 1, Franklin, IN 46131
  • 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, featuring

    447 E Jefferson St Unit 3, Franklin, IN 46131
  • 1420 E Jefferson St Unit 8, Franklin, IN 46131
    1420 E Jefferson St Unit 8, Franklin, IN 46131
    1420 E Jefferson St Unit 8, Franklin, IN 46131
    /14

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    1420 E Jefferson St Unit 8, Franklin, IN 46131

    Comfortable living at an affordable price in this spacious 2-bedroom, 1-bathroom apartment located in one of Franklin's most desirable areas, just off Jefferson Street. Nestled in a quiet, well-maintained community, this home is under new ownership and professional management committed to enhancing the property while providing residents with quality housing and exceptional service. Inside, you'll

    1420 E Jefferson St Unit 8, 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 $1,245 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses 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 $75,000 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 $1,875 per month in Franklin, IN, renters typically need to show $5,625 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 14.7, 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, West Indianapolis, Saint Joseph Historic Neighborhood, South Perry and Garfield Park, 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 $1,245 per month, with 1-bedroom condos renting at $900, 2-bedroom condos at $1,200 and 3-bedroom condos at $1,549.

Rental Home Trends

Number of Condos for Rent
3
Median Condo Rent
$1,245
Median 1 Bedroom Condo Rent
$900
Median 2 Bedroom Condo Rent
$1,200
Median 3 Bedroom Condo Rent
$1,549
How to Rent a Home

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