4+ Bedroom Apartment Rent in Franklin, IN
Median asking rent for a 4+ bedroom apartment in Franklin, Indiana as of July 2026. That's +7% higher than the citywide median of $1,808 and +23% below the national 4+ bedroom median of $2,520.
Income needed for a 4+ 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 4+ 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 4+ bedroom in Indiana
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Frankfort | $1,115 |
| 2 | East Chicago | $1,230 |
| 3 | Logansport | $1,230 |
| 4 | New Castle | $1,250 |
| 5 | Angola | $1,290 |
| 6 | Richmond | $1,350 |
| 7 | Marion | $1,370 |
| 8 | La Porte | $1,394 |
| 9 | Kokomo | $1,395 |
| 10 | Crawfordsville | $1,398 |
| 11 | Elkhart | $1,400 |
| 12 | Terre Haute | $1,430 |
| 13 | Mishawaka | $1,440 |
| 14 | Delphi | $1,450 |
| 15 | Goshen | $1,460 |
Most expensive cities for a 4+ bedroom in Indiana
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Zionsville | $2,960 |
| 2 | Whitestown | $2,830 |
| 3 | Carmel | $2,820 |
| 4 | McCordsville | $2,560 |
| 5 | Lawrence | $2,560 |
| 6 | Avon | $2,530 |
| 7 | Westfield | $2,500 |
| 8 | Fishers | $2,480 |
| 9 | Brownsburg | $2,390 |
| 10 | Noblesville | $2,235 |
| 11 | Sellersburg | $2,180 |
| 12 | Plainfield | $2,180 |
| 13 | Greenwood | $2,160 |
| 14 | Indianapolis | $2,143 |
| 15 | Granger | $2,040 |
Nearby cities — 4+ bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 4+ bedroom rents than Franklin.
| City | Distance | 4+ Bedroom rent | vs Franklin |
|---|---|---|---|
| Greenwood, IN | 11.7 mi | $2,160 | +$220 (+11%) |
| Beech Grove, IN | 17.1 mi | $1,920 | $-20 (-1%) |
| Shelbyville, IN | 18.9 mi | $1,920 | $-20 (-1%) |
| Columbus, IN | 21.3 mi | $1,730 | $-210 (-11%) |
| Indianapolis, IN | 23.1 mi | $2,143 | +$203 (+10%) |
| Speedway, IN | 26.6 mi | $1,920 | $-20 (-1%) |
| Plainfield, IN | 28.2 mi | $2,180 | +$240 (+12%) |
| Lawrence, IN | 28.5 mi | $2,560 | +$620 (+32%) |
| Greenfield, IN | 29.4 mi | $1,920 | $-20 (-1%) |
| McCordsville, IN | 30.2 mi | $2,560 | +$620 (+32%) |
| Avon, IN | 31.9 mi | $2,530 | +$590 (+30%) |
| Fishers, IN | 33.9 mi | $2,480 | +$540 (+28%) |
4+ Bedroom rent in Franklin — common questions
How much is a 4+ bedroom apartment in Franklin?
As of July 2026, the median 4+ bedroom apartment rent in Franklin, Indiana is $1,940 per month. This is +7% higher than the citywide median of $1,808.
What income do you need to afford a 4+ bedroom in Franklin?
Using the standard 30% rent-to-income rule, you would need an annual income of about $77,600 ($6,467/month gross), which works out to roughly $37.31/hour at a full-time job.
Is Franklin expensive for a 4+ bedroom compared to the rest of the US?
Franklin's 4+ bedroom median of $1,940 is +23% below the national 4+ bedroom median of $2,520. It ranks in the 26th percentile of US cities tracked.
How does Franklin rank for 4+ bedroom rent in Indiana?
Among the 64 cities in Indiana with 4+ bedroom data, Franklin ranks #48 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near Franklin?
Yes — nearby cities with cheaper 4+ bedroom rents include Beech Grove ($1,920), Shelbyville ($1,920), Columbus ($1,730).