Franklin, IN Condos for Rent

/13
$1,275

Total Monthly Price
- 2 Beds
- 1 Bath
- 808 Sq Ft
- Condo for Rent
50 W Madison St Unit C, Franklin, IN 46131

**SHOWINGS PROVIDED FOR APPROVED APPLICATIONS ONLY - contact for more details**Located in the heart of downtown Franklin, 50 West Madison is in an unbeatable location with walkable access to shops, restaurants, parks, and entertainment options. The apartment is just half a mile away from Franklin College, making it a great spot to live as a student! This apartment features: -

50 W Madison St Unit C, Franklin, IN 46131
Explore Franklin
/8
$1,175

Total Monthly Price
- 2 Beds
- 1 Bath
- 800 Sq Ft
- Condo for Rent
452 W Adams St Unit 1, Franklin, IN 46131

$1175/month. 2 bedroom 1 bath historic home with modern amenities and a cozy wrap around front porch. Completely remodeled lower-level apartment just a few short steps from charming downtown Franklin. Everything is totally new. New cabinets, new bathroom, new light fixtures, new doors, new paint and blinds, with new flooring throughout, plus a dedicated laundry room with washer and dryer hookups.

452 W Adams St Unit 1, Franklin, IN 46131

Indiana Johnson County Franklin

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 $925 per month, though prices vary by neighborhood, size, and property type. As of June 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 $75,960 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 $1,899 per month in Franklin, IN, renters typically need to show $5,697 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 14.0, 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 South Perry, Irvington, Near Eastside, Saint Joseph Historic Neighborhood and Edgewood, each with its own character and price range.

Condo Rental Trends in Franklin, IN

There are currently 2 condos available for rent in Franklin, IN. The median rent is $925 per month, with 1-bedroom condos renting at $900 and 2-bedroom condos at $1,175.

Rental Home Trends

Number of Condos for Rent 2	Median Condo Rent $925
Median 1 Bedroom Condo Rent $900	Median 2 Bedroom Condo Rent $1,175

How to Rent a Home

Rentals in Franklin

Condos for Rent by Bedrooms in Franklin

2 Bedroom Condos for Rent in Franklin

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