Rental market snapshot for Franklin, Indiana

Franklin, Indiana Rental Property Market Overview

Franklin, Indiana is a small city located in Johnson County with a population of 25,437 as of 2021 according to the US Census. It is a vibrant community with a variety of attractions, including a historic downtown, a variety of parks, and a variety of shops and restaurants. It is a great place to live, work, and play, and is a great place to raise a family.

The average rent for an apartment in Franklin is $1,628. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Franklin Indiana | Cost of Living

  • The most expensive ZIP code in Franklin is 46237 with an average price of $1,685.
  • The cheapest ZIP code in Franklin is 46131 with an average price of $1,655.

Franklin ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
146237$1,685
246131$1,655

Live near Franklin, Indiana's Top Sights and Attractions

Palmer Park is a large outdoor recreational area located in Franklin, Indiana. It features a variety of activities for visitors of all ages, including a large playground, a walking trail, a disc golf course, a fishing pond, and a picnic area. The park also has a large open field, perfect for playing sports or flying kites. In addition, the park is home to a variety of wildlife, including ducks, geese, and other birds.

Flight is an outdoor adventure park located in Franklin, Indiana. It features a variety of activities including zip lining, a giant swing, a ropes course, and a climbing wall. Visitors can also take part in a variety of team building activities and nature hikes. Flight is a great way to get outdoors and experience the beauty of the area.

This bronze statue is a tribute to Benjamin Franklin, one of the Founding Fathers of the United States. It stands in a park in the center of town, surrounded by lush green grass and trees. The statue is of Franklin in a classic pose, with one hand on a book and the other hand pointing to the sky. He is wearing a tricorn hat and a long coat, and his face is full of wisdom and determination. The statue is a reminder of the importance of knowledge and the power of perseverance.

Province Park is a beautiful outdoor destination located in Franklin, Indiana. It features a large lake with a beach, a playground, and plenty of picnic areas. There are also several trails for hiking and biking, as well as a disc golf course. The park is also home to a variety of wildlife, including deer, foxes, and birds. Visitors can also take part in fishing, boating, and other recreational activities.

Branigin Woods Park is a beautiful outdoor attraction located in Franklin, Indiana. It is a great place to take a leisurely stroll, have a picnic, or just relax and take in the scenery. The park features a large lake, walking trails, and plenty of open space for activities. There are also several playgrounds, a disc golf course, and a large pavilion for group events. The park is also home to a variety of wildlife, including birds, deer, and other animals.

Blue Heron Park is a scenic outdoor destination located in Franklin, Indiana. It features a large lake surrounded by lush green trees and grassy fields. Visitors can enjoy a variety of activities, such as fishing, boating, and bird watching. The park also has a playground, picnic areas, and a walking trail. It is a great place to relax and take in the beauty of nature.

The Franklin Heritage Museum is a unique attraction located in a historic building that was once a schoolhouse. Inside, visitors can explore the history of the area through interactive exhibits, artifacts, and photographs. The museum also features a variety of educational programs and special events throughout the year. There is also a gift shop where visitors can purchase souvenirs and books about the local history.

Community Park is a large outdoor recreation area located in Franklin, Indiana. It features a variety of amenities, including a playground, walking trails, picnic areas, a fishing pond, and a disc golf course. The park also has a large pavilion, perfect for hosting events or gatherings. There are plenty of benches and tables scattered throughout the park, making it a great spot for a picnic or just to relax and enjoy the outdoors.

Payne Park is a beautiful outdoor park located in a small town in Indiana. It features a large lake, walking trails, and plenty of open green space for picnicking and playing. There is also a playground, a gazebo, and a covered pavilion for special events. The park is a great place to relax and enjoy nature, as well as to take part in recreational activities such as fishing, boating, and swimming.

Depot Park is a beautiful outdoor space located in the heart of a small town. It features a large grassy area with plenty of trees for shade, a walking path, and a historic train depot. The depot has been restored and is now a museum, showcasing the town's history and the role the railroad played in its development. The park also has a playground, picnic tables, and a gazebo. It is a great place to take a stroll, have a picnic, or just relax and enjoy the scenery.

Franklin, Indiana area median rent change by ZIP code map

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How does Franklin compare to other cities in Indiana?

citymedian price
Whitestown$1,955
Plainfield$1,780
New Whiteland$1,560
Clarksville$1,395
New Albany$1,325
Lafayette$1,125
Evansville$957

Average household income in Franklin area graph - US Census

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The median household income in Franklin in 2021 was $63,518. This represents a 29.0% change from 2011 when the median was $49,228.

#categorypercent
0Less than $10,0006.0%
1$10,000 to $14,9992.6%
2$15,000 to $19,9993.9%
3$20,000 to $24,9995.0%
4$25,000 to $29,9995.8%
5$30,000 to $34,9996.3%
6$35,000 to $39,9993.0%
7$40,000 to $44,9994.3%
8$45,000 to $49,9993.2%
9$50,000 to $59,9999.3%
10$60,000 to $74,99911.7%
11$75,000 to $99,99915.0%
12$100,000 to $124,99910.4%
13$125,000 to $149,9996.3%
14$150,000 to $199,9995.3%
15$200,000 or more1.9%

Neighborhoods in Franklin

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of December , the average rent in Franklin is $1,628.
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