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Franklin, IN Townhomes for Rent

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  • 1092 Cobra Dr, Franklin, IN 46131
    1092 Cobra Dr, Franklin, IN 46131
    1092 Cobra Dr, Franklin, IN 46131
    /20

    $1,549 Per Month

    • 3 Beds
    • 3 Baths
    • 1,641 Sq Ft
    • Townhouse for Rent

    1092 Cobra Dr, Franklin, IN 46131

    This beautiful home puts you right in the heart of one of Central Indiana's fastest-growing communities. Spend your weekends exploring Historic Downtown Franklin with its local coffee shops, boutiques, restaurants, and year-round events, catch a movie at the iconic Artcraft Theatre, or enjoy the trails and green spaces throughout the city. Plus, you're just minutes from Franklin College and a

    1092 Cobra Dr, Franklin, IN 46131
  • 100 E King St, Franklin, IN 46131
    100 E King St, Franklin, IN 46131
    100 E King St, 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 and

    100 E King St, Franklin, IN 46131
  • 751 E Jefferson St, Franklin, IN 46131
    751 E Jefferson St, Franklin, IN 46131
    751 E Jefferson St, Franklin, IN 46131
    /20

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • Townhouse for Rent

    751 E Jefferson St, Franklin, IN 46131

    751 E Jefferson St Franklin, IN Upstairs Apartment $1,200.00 rent $1,400 deposit 2 Bedroom 1 Bathroom Tenant pays electric and gas Most properties are pet friendly $350 non refundable pet fee per pet with a $100 a month pet fee per pet. Insurance does have breed restrictions. Pet owners must carry renters insurance. Must provide shot records on all pets.

    751 E Jefferson St, Franklin, IN 46131
Indiana Johnson County

Townhomes for Rent in Franklin, IN

Frequently Asked Questions

How much does it cost to rent a townhouse in Franklin, IN?
The median rent for a townhouse in Franklin, IN is $1,345 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 $74,000 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 $1,850 per month in Franklin, IN, renters typically need to show $5,550 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 14.8, 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.

Townhouse Rental Trends in Franklin, IN

There are currently 3 townhouses available for rent in Franklin, IN. The median rent is $1,345 per month, with 2-bedroom townhouses renting at $1,300 and 3-bedroom townhouses at $1,395.

Rental Home Trends

Number of Townhouses for Rent
3
Median Townhouse Rent
$1,345
Median 2 Bedroom Townhouse Rent
$1,300
Median 3 Bedroom Townhouse Rent
$1,395
How to Rent a Home

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