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Franklin, IN Homes for Rent

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  • /50

    Starting at $1,529 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

    7505 Founders Way, 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

    1902 Sawgrass Dr, Franklin, IN 46131
  • /31

    Starting at $1,155 Per Month

    • 1 - 3 Beds

    1800 Lakeside Dr, Franklin, IN 46131

    Lakeview Apartments has pet-friendly 1, 2, and 3-bedroom apartments for rent in Franklin, IN. Call today to schedule an appointment to see our beautiful apartment community for yourself!Pricing based on lease term selected when reserving this home.

    Lakeview Apartments

    1800 Lakeside Dr, Franklin, IN 46131
  • /20

    $1,670

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,264 Sq Ft
    • House for Rent

    1168 Fielding Ln, Franklin, IN 46131

    Now offering 19-month leases. Sign today and lock in today’s low rate for the next 19 months! Offer valid for new applicants who sign a 19-month lease and move-in by August 31, 2026. Base rent will remain at the 12-month lease rate for the duration of the 19-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This

    1168 Fielding Ln, Franklin, IN 46131
  • /15

    $2,055

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 1,986 Sq Ft
    • House for Rent

    2136 Olympia Dr, Franklin, IN 46131

    Now offering 19-month leases. Sign today and lock in today’s low rate for the next 19 months! Offer valid for new applicants who sign a 19-month lease and move-in by August 31, 2026. Base rent will remain at the 12-month lease rate for the duration of the 19-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This

    2136 Olympia Dr, Franklin, IN 46131
  • /18

    $1,789 Per Month

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

    949 Knox Dr, Franklin, IN 46131

    Coming soon - this home is currently being enjoyed by another resident but will be available soon. This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 3 bedrooms, 2 bathrooms, and approximately 1,370 square feet, this well-maintained home offers a high standard of rental living, supported by a team that puts residents first. As a Tricon

    949 Knox Dr, Franklin, IN 46131
  • /16

    $1,750

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,280 Sq Ft
    • House for Rent

    263 Story Dr, Franklin, IN 46131

    Now offering 19-month leases. Sign today and lock in today’s low rate for the next 19 months! Offer valid for new applicants who sign a 19-month lease and move-in by August 31, 2026. Base rent will remain at the 12-month lease rate for the duration of the 19-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This

    263 Story Dr, Franklin, IN 46131
  • /19

    $1,895

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,040 Sq Ft
    • House for Rent

    2361 Blackthorn Dr, Franklin, IN 46131

    Now offering 19-month leases. Sign today and lock in today’s low rate for the next 19 months! Offer valid for new applicants who sign a 19-month lease and move-in by August 31, 2026. Base rent will remain at the 12-month lease rate for the duration of the 19-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This

    2361 Blackthorn Dr, Franklin, IN 46131
  • /20

    $1,975

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,122 Sq Ft
    • House for Rent

    2322 Bristol Dr, Franklin, IN 46131

    Now offering 19-month leases. Sign today and lock in today’s low rate for the next 19 months! Offer valid for new applicants who sign a 19-month lease and move-in by August 31, 2026. Base rent will remain at the 12-month lease rate for the duration of the 19-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This

    2322 Bristol Dr, Franklin, IN 46131
  • /20

    $1,199 Per Month

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

    100 E King St, Franklin, IN 46131

    COMING SOON!This inviting home puts you just minutes from the heart of Historic Downtown Franklin, where you'll find local favorites like coffee shops, restaurants, boutiques, and community events happening year-round. Spend your weekends catching a show at the historic Artcraft Theatre, strolling through the downtown district, or enjoying nearby parks and trails. Plus, Franklin College

    100 E King St, Franklin, IN 46131
  • /2

    $1,850 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,522 Sq Ft
    • House for Rent

    2638 Fielding Ct, 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, 2.5-bathroom rental home in Franklin, IN, has a lot to offer; does it check all your boxes? See

    2638 Fielding Ct, Franklin, IN 46131
  • /2

    $2,015 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

    1228 N Aberdeen Dr, Franklin, IN 46131
  • /15

    $1,865 Per Month

    • 3 Beds
    • 2 Baths
    • 1,200 Sq Ft
    • House for Rent

    4007 Magnolia Dr, 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

    4007 Magnolia Dr, Franklin, IN 46131
  • /20

    $1,299 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    1199 Hospital Rd, Franklin, IN 46131

    Property Id: 776877 Searching 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 before

    1199 Hospital Rd, Franklin, IN 46131
  • /16

    $1,765

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,264 Sq Ft
    • House for Rent

    1159 Spring Meadow Ct, Franklin, IN 46131

    Now offering 19-month leases. Sign today and lock in today’s low rate for the next 19 months! Offer valid for new applicants who sign a 19-month lease and move-in by August 31, 2026. Base rent will remain at the 12-month lease rate for the duration of the 19-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This

    1159 Spring Meadow Ct, Franklin, IN 46131
  • /17

    $1,799 Per Month

    • 3 Beds
    • 2 Baths
    • 1,533 Sq Ft
    • House for Rent

    910 S Shore Ct, Franklin, IN 46131

    Coming soon - this home is currently being enjoyed by another resident but will be available soon. This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 3 bedrooms, 2.0 bathrooms, and approximately 1,533 square feet, this well-maintained home offers a high standard of rental living, supported by a team that puts residents first. As a

    910 S Shore Ct, Franklin, IN 46131
  • /15

    $2,375 Per Month

    • 4 Beds
    • 2.5 Baths
    • 1,976 Sq Ft
    • House for Rent

    592 Hannah Place, 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 4-bedroom, 2.5-bathroom rental home in Franklin, IN, might be the perfect fit for your lifestyle. See the

    592 Hannah Place, Franklin, IN 46131
  • /15

    $2,425 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,240 Sq Ft
    • House for Rent

    1177 Alder 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 4-bedroom, 2.5-bathroom rental home in Franklin, IN, could be just what you’re looking for. See the

    1177 Alder Rd, Franklin, IN 46131
  • /18

    $1,975 Per Month

    • 4 Beds
    • 3 Baths
    • 1,964 Sq Ft
    • House for Rent

    4087 Fairoaks 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

    4087 Fairoaks Dr, Franklin, IN 46131
  • /20

    $1,925

    Total Monthly Price

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

    2120 Bridlewood Dr, Franklin, IN 46131

    Now offering 19-month leases. Sign today and lock in today’s low rate for the next 19 months! Offer valid for new applicants who sign a 19-month lease and move-in by August 31, 2026. Base rent will remain at the 12-month lease rate for the duration of the 19-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This

    2120 Bridlewood Dr, Franklin, IN 46131
  • /20

    $2,020

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,248 Sq Ft
    • House for Rent

    2317 Bridlewood Dr, Franklin, IN 46131

    Now offering 19-month leases. Sign today and lock in today’s low rate for the next 19 months! Offer valid for new applicants who sign a 19-month lease and move-in by August 31, 2026. Base rent will remain at the 12-month lease rate for the duration of the 19-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This

    2317 Bridlewood Dr, 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
  • /17

    $1,949 Per Month

    • 3 Beds
    • 2 Baths
    • 1,784 Sq Ft
    • House for Rent

    1464 Rebecca Ln, Franklin, IN 46131

    Coming soon - this home is currently being enjoyed by another resident but will be available soon. This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 3 bedrooms, 2.5 bathrooms, and approximately 1,784 square feet, this well-maintained home offers a high standard of rental living, supported by a team that puts residents first. As a

    1464 Rebecca Ln, Franklin, IN 46131
  • /17

    $1,860 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,425 Sq Ft
    • House for Rent

    2377 Bridlewood Dr, 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,

    2377 Bridlewood Dr, Franklin, IN 46131
  • /16

    $1,825 Per Month

    • 4 Beds
    • 2 Baths
    • 1,382 Sq Ft
    • House for Rent

    1327 Grand Canyon Cir, 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

    1327 Grand Canyon Cir, Franklin, IN 46131
  • /18

    $2,129 Per Month

    • 4 Beds
    • 3 Baths
    • 2,330 Sq Ft
    • House for Rent

    2609 Woodfield Blvd, Franklin, IN 46131

    Coming soon - this home is currently being enjoyed by another resident but will be available soon. This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 4 bedrooms, 3 bathrooms, and approximately 2,330 square feet, this well-maintained home offers a high standard of rental living, supported by a team that puts residents first. As a Tricon

    2609 Woodfield Blvd, Franklin, IN 46131
  • /12

    $2,175 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,230 Sq Ft
    • House for Rent

    2104 Bridlewood Dr, Franklin, IN 46131

    This home is coming soon. Please check to see the estimated availability date.Welcome to 2104 Bridlewood Drive, a spacious 3-bedroom, 2.5-bathroom home offering 2,230 square feet in Franklin, Indiana. Fresh interior paint and new luxury vinyl plank flooring give the home a bright, updated feel, while a smart lock and smart thermostat add everyday convenience.The main level offers

    2104 Bridlewood 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
  • /13

    $1,300 Per Month

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Townhouse for Rent

    278 Walnut St, Franklin, IN 46131

    RENOVATED unit with 2 bedroom, 1 bathroom in sought after downtown Franklin! This contemporary unit offers newer countertops, black appliances, washer/dryer hookups, central air, and more. The highly desirable floor plan consists of 2 large bedrooms, a spacious living room, and newer shower/tub! Combined that with all the updates and the great location makes this the perfect place for you!

    278 Walnut St, 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
  • /28

    $1,600 Per Month

    • 2 Beds
    • 2 Baths
    • 1,375 Sq Ft
    • House for Rent

    1049 Mustang Ct, Franklin, IN 46131

    AVAILABLE DATE IS NOT GUARANTEED. It is an estimated ready date.Please Note: Photos shown are from a previous listing. While they reflect the general layout and condition of the home, some features, furnishings, or appliances may have changed. Prospective tenants are encouraged to verify current property details during a showing.Franklin / Near US 31 & Commerce Dr.This

    1049 Mustang Ct, Franklin, IN 46131
  • /2

    $1,289 Per Month

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

    447 E Jefferson St, 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 a

    Mark Jones PMI Midwest

    447 E Jefferson St, Franklin, IN 46131
  • /45

    $1,950 Per Month

    • 4 Beds
    • 2 Baths
    • 1,384 Sq Ft
    • House for Rent

    449 Yandes St, Franklin, IN 46131

    Outstanding Single Family Rental Property on Downtown Franklin's New Cobblestone Street! It was Remodeled & Redesigned from the Studs w/ Beautiful Finishes. It has Undergone a Thorough Recovery; Exposing & Refinishing the Original Plank Floors Throughout the Main Level & Optimizing the Downstairs Space Including a Master Suite & Laundry on the Main Floor. The Kitchen is New, Both Bathrooms are

    Matthew Kresse Red Oak Real Estate Group

    449 Yandes St, Franklin, IN 46131
  • /7

    $1,650 Per Month

    • 4 Beds
    • 2.5 Baths
    • 1,519 Sq Ft
    • House for Rent

    2015 Falcon Ct, Franklin, IN 46131

    Ready for Occupancy-24 MO lease required! 4 BR two-level attached property. NEW flooring on main level, beautiful easy care Luxury Vinyl Plank on main level. Freshly painted/professionally cleaned. Open floor plan to kitchen/Family Room. Breakfast area overlooks patio & spacious backyard w/ tree lined lot. Kitchen Appliances included: NEW Frigidaire Refrigerator, AND NEW range/stove on order,

    Laurie Tucco Tucco Realty LLC

    2015 Falcon Ct, 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

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.

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 $1,812 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 $72,480 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 $1,812 per month in Franklin, IN, renters typically need to show $5,436 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 14.9, 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 Frances-Stones Crossing, South Franklin, South Perry, South Emerson and Galludet, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
35
Median Rent
$1,812
Median Single Family Home Rent
$1,705
Median Townhouse Rent
$1,345
Median Condo Rent
$1,519
How to Rent a Home