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Franklin, IN Homes for Rent

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  • 1902 Sawgrass Dr, Franklin, IN 46131
    1902 Sawgrass Dr, Franklin, IN 46131
    1902 Sawgrass Dr, Franklin, IN 46131
    /27

    Starting at $1,937 Per Month

    • 3 Beds

    1902 Sawgrass Dr, Franklin, IN 46131

    The Links at Franklin is NOW LEASING and ready to welcome you home! Perfectly situated on the eastern edge of Franklin, IN, The Links is just minutes from I-65 and streamlines your travel to Indianapolis, IN, Columbus, IN and surrounding cities. The buzz of downtown Franklin is just a short three miles away…you’re sure to enjoy festivals, concerts, boutiques and cafes that reflect Franklin’s

    The Links at Franklin

    (317) 868-1118

    1902 Sawgrass Dr, Franklin, IN 46131
  • 7505 Founders Way, Franklin, IN 46131
    7505 Founders Way, Franklin, IN 46131
    7505 Founders Way, Franklin, IN 46131
    /50

    Starting at $1,235 Per Month

    • 1 - 3 Beds

    7505 Founders Way, Franklin, IN 46131

    Come home to Founders Pointe Apartments and let our modern, new residential community enhance your suburban lifestyle in Franklin, Indiana. Offering an array of beautifully designed one, two, and three bedroom floor plans, our homes deliver the perfect blend of comfort, convenience, and elegance. With high-end amenities like a clubhouse, a business center, and a prime location in Johnson County,

    Founders Pointe Apartments

    (463) 222-3698

    7505 Founders Way, Franklin, IN 46131
  • 1800 Lakeside Dr, Franklin, IN 46131
    1800 Lakeside Dr, Franklin, IN 46131
    1800 Lakeside Dr, Franklin, IN 46131
    /33

    Starting at $1,180 Per Month

    • 1 - 3 Beds

    1800 Lakeside Dr, Franklin, IN 46131

    Welcome home to Lakeview Apartments in Franklin, Indiana! Discover all the delectable dining, fantastic shopping, and great entertainment options nearby. With easy access to Interstate 65, you are just 30 minutes from downtown Indianapolis, which makes commuting a breeze. If convenience and location are important factors in your search for a new apartment home, you've come to the right place.

    Lakeview Apartments

    (463) 222-4733

    1800 Lakeside Dr, Franklin, IN 46131
  • 1702 Acorn Rd, Franklin, IN 46131
    1702 Acorn Rd, Franklin, IN 46131
    1702 Acorn Rd, Franklin, IN 46131
    /16

    $1,890

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,408 Sq Ft
    • House for Rent

    1702 Acorn Rd, Franklin, IN 46131

    Now offering 22-month leases. Sign today and lock in today’s low rate for the next 22 months! Offer valid for new applicants who sign a 22-month lease by June 30th, 2026. Base rent will remain at the 12-month lease rate for the duration of the 22-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This property is

    (317) 648-9429

    1702 Acorn Rd, Franklin, IN 46131
  • 1263 Brookdale Ct, Franklin, IN 46131
    1263 Brookdale Ct, Franklin, IN 46131
    1263 Brookdale Ct, Franklin, IN 46131
    /16

    $1,919 Per Month

    • 3 Beds
    • 2 Baths
    • 1,618 Sq Ft
    • House for Rent

    1263 Brookdale Ct, Franklin, IN 46131

    Coming soon - this home is currently being enjoyed by another resident but will be available soon. Pre-lease this home now with Tricon Pre-Lease Guarantee. This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 3 bedrooms, 2.0 bathrooms, and approximately 1,618 square feet, this well-maintained home offers a high standard of rental living,

    (463) 238-3704

    1263 Brookdale Ct, Franklin, IN 46131
  • 1199 N Aberdeen Dr, Franklin, IN 46131
    1199 N Aberdeen Dr, Franklin, IN 46131
    1199 N Aberdeen Dr, Franklin, IN 46131
    /17

    $2,145 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,333 Sq Ft
    • House for Rent

    1199 N Aberdeen Dr, Franklin, IN 46131

    Beautiful, pet-friendly home coming soon! Apply now, Move-In is available on or after the listed date. Upon approval, $500 reservation deposit to reserve (applied to security deposit and/or refundable). Application fee: $50 per adult. Security Deposit: one month?s rent. Pet fees: $250 + $40/mo per pet. Some homes may include pool ($150/mo), septic ($15/mo), and/or HOA fees; other fees may apply.

    (317) 813-9865

    1199 N Aberdeen Dr, Franklin, IN 46131
  • 837 Colonial Way, Franklin, IN 46131
    837 Colonial Way, Franklin, IN 46131
    837 Colonial Way, Franklin, IN 46131
    /15

    $2,200 Per Month

    • 3 Beds
    • 2 Baths
    • 2,913 Sq Ft
    • House for Rent

    837 Colonial Way, Franklin, IN 46131

    Apply now or schedule your self-tour today and take the first step toward getting more than just a place to live. Rent with FirstKey Homes for a home that's right for you, plus professional service and maintenance, innovative resident programs, and more… that's the power of purple!This 3-bedroom, 2-bathroom rental home in Franklin, IN, might be the perfect fit for your lifestyle. Relax

    (463) 222-5078

    837 Colonial Way, Franklin, IN 46131
  • 4040 Dogwood Ln, Franklin, IN 46131
    4040 Dogwood Ln, Franklin, IN 46131
    4040 Dogwood Ln, Franklin, IN 46131
    /16

    $2,019 Per Month

    • 4 Beds
    • 2 Baths
    • 2,090 Sq Ft
    • House for Rent

    4040 Dogwood Ln, Franklin, IN 46131

    Coming soon - this home is currently being enjoyed by another resident but will be available soon. Pre-lease this home now with Tricon Pre-Lease Guarantee. This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 4 bedrooms, 2.0 bathrooms, and approximately 2,090 square feet, this well-maintained home offers a high standard of rental living,

    (463) 238-4771

    4040 Dogwood Ln, Franklin, IN 46131
  • 1304 Niagara Ln, Franklin, IN 46131
    1304 Niagara Ln, Franklin, IN 46131
    /2

    $2,275

    Total Monthly Price

    • 4 Beds
    • 2.5 Baths
    • 2,674 Sq Ft
    • House for Rent

    1304 Niagara Ln, Franklin, IN 46131

    Now offering 22-month leases. Sign today and lock in today’s low rate for the next 22 months! Offer valid for new applicants who sign a 22-month lease by June 30th, 2026. Base rent will remain at the 12-month lease rate for the duration of the 22-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This property is

    (463) 837-3124

    1304 Niagara Ln, Franklin, IN 46131
  • 1301 Greenbriar Way, Franklin, IN 46131
    1301 Greenbriar Way, Franklin, IN 46131
    1301 Greenbriar Way, Franklin, IN 46131
    /15

    $1,930 Per Month

    • 3 Beds
    • 2 Baths
    • 1,618 Sq Ft
    • House for Rent

    1301 Greenbriar Way, Franklin, IN 46131

    Apply now or schedule your self-tour today and take the first step toward getting more than just a place to live. Rent with FirstKey Homes for a home that's right for you, plus professional service and maintenance, innovative resident programs, and more… that's the power of purple!This 3-bedroom, 2-bathroom rental home in Franklin, IN, may be the right place for you. See the pictures to

    (317) 434-0112

    1301 Greenbriar Way, Franklin, IN 46131
  • 4229 Sycamore Ct, Franklin, IN 46131
    4229 Sycamore Ct, Franklin, IN 46131
    4229 Sycamore Ct, Franklin, IN 46131
    /17

    $1,819 Per Month

    • 3 Beds
    • 1 Bath
    • 1,344 Sq Ft
    • House for Rent

    4229 Sycamore Ct, Franklin, IN 46131

    Coming soon - this home is currently being enjoyed by another resident but will be available soon. Pre-lease this home now with Tricon Pre-Lease Guarantee. This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 3 bedrooms, 1.5 bathrooms, and approximately 1,344 square feet, this well-maintained home offers a high standard of rental living,

    (463) 210-2207

    4229 Sycamore Ct, Franklin, IN 46131
  • 2321 Bristol Dr, Franklin, IN 46131
    2321 Bristol Dr, Franklin, IN 46131
    /2

    $2,065

    Total Monthly Price

    • 4 Beds
    • 2.5 Baths
    • 2,186 Sq Ft
    • House for Rent

    2321 Bristol Dr, Franklin, IN 46131

    Now offering 22-month leases. Sign today and lock in today’s low rate for the next 22 months! Offer valid for new applicants who sign a 22-month lease by June 30th, 2026. Base rent will remain at the 12-month lease rate for the duration of the 22-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This property is

    (463) 466-5515

    2321 Bristol Dr, Franklin, IN 46131
  • 656 N Shore Blvd, Franklin, IN 46131
    656 N Shore Blvd, Franklin, IN 46131
    656 N Shore Blvd, Franklin, IN 46131
    /16

    $1,965

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,455 Sq Ft
    • House for Rent

    656 N Shore Blvd, Franklin, IN 46131

    Now offering 22-month leases. Sign today and lock in today’s low rate for the next 22 months! Offer valid for new applicants who sign a 22-month lease by June 30th, 2026. Base rent will remain at the 12-month lease rate for the duration of the 22-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This property is

    (463) 363-1348

    656 N Shore Blvd, Franklin, IN 46131
  • 1228 N Aberdeen Dr, Franklin, IN 46131
    1228 N Aberdeen Dr, Franklin, IN 46131
    /2

    $1,940 Per Month

    • 4 Beds
    • 2.5 Baths
    • 1,606 Sq Ft
    • House for Rent

    1228 N Aberdeen Dr, Franklin, IN 46131

    Please note, our homes are available on a first-come, first-serve basis and are not reserved until the holding fee agreement is signed and the holding fee is paid by the primary applicant.Coming soon! This home is currently being enjoyed by another resident but will be available soon. Please respect their privacy and do not disturb. You can complete the application process and reserve

    (317) 620-8436

    1228 N Aberdeen Dr, Franklin, IN 46131
  • 4181 Magnolia Dr, Franklin, IN 46131
    4181 Magnolia Dr, Franklin, IN 46131
    4181 Magnolia Dr, Franklin, IN 46131
    /14

    $1,755

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,140 Sq Ft
    • House for Rent

    4181 Magnolia Dr, Franklin, IN 46131

    Now offering 22-month leases. Sign today and lock in today’s low rate for the next 22 months! Offer valid for new applicants who sign a 22-month lease by June 30th, 2026. Base rent will remain at the 12-month lease rate for the duration of the 22-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This property is

    (317) 751-5434

    4181 Magnolia Dr, Franklin, IN 46131
  • 1178 Oak Leaf Rd, Franklin, IN 46131
    1178 Oak Leaf Rd, Franklin, IN 46131
    1178 Oak Leaf Rd, Franklin, IN 46131
    /18

    $2,165

    Total Monthly Price

    • 4 Beds
    • 2.5 Baths
    • 2,276 Sq Ft
    • House for Rent

    1178 Oak Leaf Rd, Franklin, IN 46131

    Now offering 22-month leases. Sign today and lock in today’s low rate for the next 22 months! Offer valid for new applicants who sign a 22-month lease by June 30th, 2026. Base rent will remain at the 12-month lease rate for the duration of the 22-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This property is

    (463) 307-0410

    1178 Oak Leaf Rd, Franklin, IN 46131
  • 648 Johnson Ave Unit 2, Franklin, IN 46131
    648 Johnson Ave Unit 2, Franklin, IN 46131
    648 Johnson Ave Unit 2, Franklin, IN 46131
    /9

    $825 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    648 Johnson Ave Unit 2, Franklin, IN 46131

    Property Id: 2567313Welcome to your new home at 648 Johnson Ave in Franklin, IN! This cozy single-unit property offers a wall-to-wall laminate flooring and a great location for only $825/month. Enjoy the convenience of outside smoking and bring along your furry friends (cats and small dogs allowed). Don't miss out on this amazing opportunity!

    (463) 222-0655

    648 Johnson Ave Unit 2, Franklin, IN 46131
  • 2891 Fieldstone Ct, Franklin, IN 46131
    2891 Fieldstone Ct, Franklin, IN 46131
    2891 Fieldstone Ct, Franklin, IN 46131
    /19

    $1,895 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,836 Sq Ft
    • House for Rent

    2891 Fieldstone Ct, Franklin, IN 46131

    EXCITING NEWS: WE ARE CURRENTLY RENOVATING THIS HOME! NOTE THAT THE PHOTOS SHOWN REPRESENT THE HOME BEFORE RENOVATION AND DO NOT REFLECT ANY UPDATES. PLANNED IMPROVEMENTS INCLUDE: NEW STAINLESS STEEL APPLIANCES. APPLY TODAY OR ASK YOUR LEASING SPECIALIST FOR MORE DETAILS! Apply now or schedule your self-tour today and take the first step toward getting more than just a place to live. Rent

    (317) 434-3439

    2891 Fieldstone Ct, Franklin, IN 46131
  • 1690 Alder Rd, Franklin, IN 46131
    1690 Alder Rd, Franklin, IN 46131
    /2

    $2,595 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,476 Sq Ft
    • House for Rent

    1690 Alder Rd, Franklin, IN 46131

    Please note, our homes are available on a first-come, first-serve basis and are not reserved until the holding fee agreement is signed and the holding fee is paid by the primary applicant.Coming soon! This home is currently being enjoyed by another resident but will be available soon. Please respect their privacy and do not disturb. You can complete the application process and reserve

    (317) 953-5839

    1690 Alder Rd, Franklin, IN 46131
  • 1199 Hospital Rd, Franklin, IN 46131
    1199 Hospital Rd, Franklin, IN 46131
    1199 Hospital Rd, Franklin, IN 46131
    /20

    $1,299 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    1199 Hospital Rd, Franklin, IN 46131

    Property Id: 776877Searching for your next home? CALL and let us assist you in ending that search. As a bonus to ending your search you can get 1 month of RENT FREE! CALL and ask, "how do I end my search for a home and get 1 month of FREE RENT?" CALL TODAY and you could CALL this 3-bed 3-bath HOME TOMORROW!Please make sure to call and speak with someone at the leasing office

    (317) 676-4121

    1199 Hospital Rd, Franklin, IN 46131
  • 1192 N Aberdeen Dr, Franklin, IN 46131
    1192 N Aberdeen Dr, Franklin, IN 46131
    1192 N Aberdeen Dr, Franklin, IN 46131
    /16

    $2,030 Per Month

    • 4 Beds
    • 2.5 Baths
    • 1,633 Sq Ft
    • House for Rent

    1192 N Aberdeen Dr, Franklin, IN 46131

    Please note, our homes are available on a first-come, first-serve basis and are not reserved until the holding fee agreement is signed and the holding fee is paid by the primary applicant.Coming soon! This home is currently being enjoyed by another resident but will be available soon. Please respect their privacy and do not disturb. You can complete the application process and reserve

    (317) 676-2728

    1192 N Aberdeen Dr, Franklin, IN 46131
  • 2349 Bridlewood Dr, Franklin, IN 46131
    2349 Bridlewood Dr, Franklin, IN 46131
    2349 Bridlewood Dr, Franklin, IN 46131
    /20

    $2,020 Per Month

    • 4 Beds
    • 2.5 Baths
    • 1,633 Sq Ft
    • House for Rent

    2349 Bridlewood Dr, Franklin, IN 46131

    Please note, our homes are available on a first-come, first-serve basis and are not reserved until the holding fee agreement is signed and the holding fee is paid by the primary applicant.This home is priced to rent and won't be around for long. Apply now, while we make this home ready for you, or call to arrange a meeting with your local Progress Residential leasing specialist

    (317) 884-8963

    2349 Bridlewood Dr, Franklin, IN 46131
  • 1476 Michigan Rd, Franklin, IN 46131
    1476 Michigan Rd, Franklin, IN 46131
    1476 Michigan Rd, Franklin, IN 46131
    /16

    $1,790 Per Month

    • 3 Beds
    • 2 Baths
    • 1,418 Sq Ft
    • House for Rent

    1476 Michigan Rd, Franklin, IN 46131

    Welcome to your dream home! Step inside this pet-friendly home featuring modern finishings and a layout designed with functionality in mind. Enjoy the storage space found in the kitchen and closets as well as the spacious living areas and natural light throughout. Enjoy outdoor living in your yard, perfect for gathering, relaxing, or gardening!Take advantage of the incredible location,

    (317) 827-7783

    1476 Michigan Rd, Franklin, IN 46131
  • 2376 Blackthorn Dr, Franklin, IN 46131
    2376 Blackthorn Dr, Franklin, IN 46131
    2376 Blackthorn Dr, Franklin, IN 46131
    /20

    $2,205

    Total Monthly Price

    • 4 Beds
    • 2.5 Baths
    • 2,186 Sq Ft
    • House for Rent

    2376 Blackthorn Dr, Franklin, IN 46131

    Now offering 22-month leases. Sign today and lock in today’s low rate for the next 22 months! Offer valid for new applicants who sign a 22-month lease by June 30th, 2026. Base rent will remain at the 12-month lease rate for the duration of the 22-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This property is

    (463) 278-3289

    2376 Blackthorn Dr, Franklin, IN 46131
  • 2120 Bridlewood Dr, Franklin, IN 46131
    2120 Bridlewood Dr, Franklin, IN 46131
    2120 Bridlewood Dr, Franklin, IN 46131
    /20

    $2,015

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,052 Sq Ft
    • House for Rent

    2120 Bridlewood Dr, Franklin, IN 46131

    Now offering 22-month leases. Sign today and lock in today’s low rate for the next 22 months! Offer valid for new applicants who sign a 22-month lease by June 30th, 2026. Base rent will remain at the 12-month lease rate for the duration of the 22-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This property is

    (463) 205-0780

    2120 Bridlewood Dr, Franklin, IN 46131
  • 1356 Crabapple Rd, Franklin, IN 46131
    1356 Crabapple Rd, Franklin, IN 46131
    1356 Crabapple Rd, Franklin, IN 46131
    /15

    $2,135 Per Month

    • 3 Beds
    • 2 Baths
    • 1,370 Sq Ft
    • House for Rent

    1356 Crabapple Rd, Franklin, IN 46131

    Apply now or schedule your self-tour today and take the first step toward getting more than just a place to live. Rent with FirstKey Homes for a home that's right for you, plus professional service and maintenance, innovative resident programs, and more… that's the power of purple!This 3-bedroom, 2-bathroom rental home in Franklin, IN, might be the perfect fit for your lifestyle. W/D

    (463) 666-3357

    1356 Crabapple Rd, Franklin, IN 46131
  • 1905 Chambers Dr, Franklin, IN 46131
    1905 Chambers Dr, Franklin, IN 46131
    1905 Chambers Dr, Franklin, IN 46131
    /13

    $1,899 Per Month

    • 3 Beds
    • 2 Baths
    • 1,216 Sq Ft
    • Apartment for Rent

    1905 Chambers Dr, Franklin, IN 46131

    Available NOW! Welcome Home, Introducing The Links at Franklin Luxury Apartment Homes! Now Leasing & Available! This Brand-new One-Story apartment living with 3-beds, 2-baths + Patio all with attached 2-vehicle garage. Interiors are beautiful and feature wood-style plank flooring, white shaker cabinetry, granite counters and stainless-steel appliances (refrigerator, electric range, over-the-range

    Tanya Smythe Smythe & Co Real Estate

    1905 Chambers Dr, Franklin, IN 46131
  • 1199 Saticoy Ct, Franklin, IN 46131
    1199 Saticoy Ct, Franklin, IN 46131
    1199 Saticoy Ct, Franklin, IN 46131
    /29

    $2,245 Per Month

    • 5 Beds
    • 3 Baths
    • 2,350 Sq Ft
    • House for Rent

    1199 Saticoy Ct, Franklin, IN 46131

    Currently Pre-Leasing easy! AVAILABLE 07/01/26 Apply now and once you're approved, take this home off the market by paying the move-in fees; ask your Leasing Professional for more information. This home is currently occupied and coming soon; please respect the current resident's privacy and do not disturb. HARD TO FIND 2022 Build house in Branigin Preserve on a cul-se-sac that looks over a

    1199 Saticoy Ct, Franklin, IN 46131
  • 1994 Falcon Ct, Franklin, IN 46131
    1994 Falcon Ct, Franklin, IN 46131
    1994 Falcon Ct, Franklin, IN 46131
    /24

    $1,590 Per Month

    • 3 Beds
    • 1 Bath
    • 1,008 Sq Ft
    • House for Rent

    1994 Falcon Ct, Franklin, IN 46131

    Coming SOON! Looking for a spot that's laid-back but still close to good food and local vibes? 1994 Falcon Ct in Franklin gives you that balance. Inside, the home offers a comfortable layout with inviting living space that's easy to make your own-whether that's a cozy movie setup, a work-from-home corner, or a place to host friends. Natural light and a functional flow make everyday living feel

    Mark Jones PMI Midwest

    1994 Falcon Ct, Franklin, IN 46131
  • 312 Carriage Ln, Franklin, IN 46131
    312 Carriage Ln, Franklin, IN 46131
    312 Carriage Ln, Franklin, IN 46131
    /27

    $1,700 Per Month

    • 2 Beds
    • 2.5 Baths
    • 1,908 Sq Ft
    • House for Rent

    312 Carriage Ln, Franklin, IN 46131

    Looking for a low-maintenance home on Franklin's east side? This charming patio home in desirable Hillview Village offers an open floor plan filled with natural light. The two-story great room features new plank flooring, a cozy fireplace, and built-ins that flow into the formal dining area with even more built-ins. The eat-in kitchen boasts Corian countertops, stainless steel appliances, a

    Cal Findley Keller Williams Indy Metro S

    312 Carriage Ln, Franklin, IN 46131
Indiana Johnson County Franklin

Homes for Rent in Franklin, IN

Why Live in Franklin

Franklin, Indiana, sits on the southern edge of the Indianapolis metro area near I-65, offering a balance between commuter convenience and small-town charm. Located within 30 miles of downtown Indianapolis, Franklin appeals to buyers seeking a slower pace, a strong sense of community and a lower cost of living than nearby Greenwood. The city is anchored by Franklin College, a historic private liberal arts institution founded in the 1830s, along with a highly rated school district and a revitalized, walkable downtown. Housing options range from historic bungalows, Victorians, Cape Cods and larger Colonials near the center of town to midcentury ranch homes, newer construction, golf course properties and acreage homes spread throughout the community. Newer subdivisions are concentrated near U.S. 31 and I-65, often with amenities and low HOA fees. A median in the low $300,000s is about 10 percent lower than Greenwood, while property taxes are also lower than many surrounding areas. Franklin Community School Corporation is one of Johnson County’s top-rated districts, and Franklin College adds youthful energy to a vibrant community. Residents enjoy direct interstate access, a diverse local economy, a diverse downtown dining, shopping and events scene, and plenty of recreational options.

Learn more about living in Franklin

Frequently Asked Questions

How much does it cost to rent a home in Franklin, IN?
The median rent for a home in Franklin, IN is $1,930 per month, though prices vary by neighborhood, size, and property type. As of May 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 $77,200 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 $1,930 per month in Franklin, IN, renters typically need to show $5,790 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 13.8, 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 home?
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 home include South Perry, South Franklin, Frances-Stones Crossing, Linden Wood and South Emerson, each with its own character and price range.

Rental Home Trends in Franklin, IN

There are currently 30 homes available for rent in Franklin, IN. The median rent is $1,930 per month, with single-family homes renting at $1,783, townhouses at $1,400 and condos at $950.

Rental Home Trends

Number of Homes for Rent
30
Median Rent
$1,930
Median Single Family Home Rent
$1,783
Median Townhouse Rent
$1,400
Median Condo Rent
$950
How to Rent a Home

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