1-Bedroom Apartment Rent in Franklin, IN
Median asking rent for a 1-bedroom apartment in Franklin, Indiana as of July 2026. That's +42% lower than the citywide median of $1,808 and +25% below the national 1-bedroom median of $1,395.
Income needed for a 1-bedroom in Franklin
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 1-bedroom at the current median rent.
Rent by apartment size in Franklin
Compare Franklin's median rent across every apartment size.
Cheapest cities for a 1-bedroom in Indiana
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Frankfort | $604 |
| 2 | La Porte | $689 |
| 3 | Richmond | $720 |
| 4 | New Castle | $730 |
| 5 | Angola | $740 |
| 6 | Marion | $740 |
| 7 | Crawfordsville | $754 |
| 8 | East Chicago | $770 |
| 9 | Logansport | $780 |
| 10 | Kokomo | $790 |
| 11 | Muncie | $800 |
| 12 | Fortville | $801 |
| 13 | Terre Haute | $810 |
| 14 | Delphi | $820 |
| 15 | Evansville | $835 |
Most expensive cities for a 1-bedroom in Indiana
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $1,600 |
| 2 | Whitestown | $1,530 |
| 3 | Carmel | $1,527 |
| 4 | McCordsville | $1,390 |
| 5 | Lawrence | $1,385 |
| 6 | Avon | $1,370 |
| 7 | Westfield | $1,350 |
| 8 | Fishers | $1,343 |
| 9 | Granger | $1,310 |
| 10 | Brownsburg | $1,290 |
| 11 | Noblesville | $1,210 |
| 12 | Sellersburg | $1,200 |
| 13 | Munster | $1,190 |
| 14 | Merrillville | $1,190 |
| 15 | Plainfield | $1,180 |
Nearby cities — 1-bedroom rent
Considering nearby alternatives? 4 of these cities have cheaper 1-bedroom rents than Franklin.
| City | Distance | 1-Bedroom rent | vs Franklin |
|---|---|---|---|
| Greenwood, IN | 11.7 mi | $1,165 | +$115 (+11%) |
| Beech Grove, IN | 17.1 mi | $1,040 | $-10 (-1%) |
| Shelbyville, IN | 18.9 mi | $1,040 | $-10 (-1%) |
| Columbus, IN | 21.3 mi | $1,080 | +$30 (+3%) |
| Indianapolis, IN | 23.1 mi | $1,159 | +$109 (+10%) |
| Speedway, IN | 26.6 mi | $1,040 | $-10 (-1%) |
| Plainfield, IN | 28.2 mi | $1,180 | +$130 (+12%) |
| Lawrence, IN | 28.5 mi | $1,385 | +$335 (+32%) |
| Greenfield, IN | 29.4 mi | $1,040 | $-10 (-1%) |
| McCordsville, IN | 30.2 mi | $1,390 | +$340 (+32%) |
| Avon, IN | 31.9 mi | $1,370 | +$320 (+30%) |
| Fishers, IN | 33.9 mi | $1,343 | +$293 (+28%) |
1-Bedroom rent in Franklin — common questions
How much is a 1-bedroom apartment in Franklin?
As of July 2026, the median 1-bedroom apartment rent in Franklin, Indiana is $1,050 per month. This is +42% below the citywide median of $1,808.
What income do you need to afford a 1-bedroom in Franklin?
Using the standard 30% rent-to-income rule, you would need an annual income of about $42,000 ($3,500/month gross), which works out to roughly $20.19/hour at a full-time job.
Is Franklin expensive for a 1-bedroom compared to the rest of the US?
Franklin's 1-bedroom median of $1,050 is +25% below the national 1-bedroom median of $1,395. It ranks in the 25th percentile of US cities tracked.
How does Franklin rank for 1-bedroom rent in Indiana?
Among the 65 cities in Indiana with 1-bedroom data, Franklin ranks #41 from cheapest to most expensive.
Are there cheaper 1-bedroom options near Franklin?
Yes — nearby cities with cheaper 1-bedroom rents include Beech Grove ($1,040), Shelbyville ($1,040), Speedway ($1,040).