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Apartments for Rent in Franklin, IN under $1500

72 Rentals Available
Apartments for Rent in Franklin, IN under $1500. 72 Rentals Available
  • a kitchen with a bar and a living room with a couch
    Today

    1600 Traditions Court, Franklin, IN 46131
    2 BEDS $1,460+
  • a living room with couches and a coffee table
    Today

    722 In-144, Franklin, IN 46131
    1 BED $1,149
    2 BEDS $1,299
    3 BEDS Ask for Pricing
  • a living room with a couch and a table
    Today

    820 Hospital Rd, Franklin, IN 46131
    STUDIO Ask for Pricing
    1 BED $999
    2 BEDS Ask for Pricing
  • 2015 Franklin Court 1-2 Beds Apartment for Rent
    Today

    2015 Franklin Court, Franklin, IN 46131
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a living room with a dining room table and a kitchen
    Today

    2018 Cedar Lane, Franklin, IN 46131
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
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  • More Rentals Near Franklin, IN

  • a living room with couches and chairs and large windows
    Today

    4423 Highway 31 E., Clarksville, IN 47129
    1 BED $900+
  • a large living room with a table and chairs
    Today

    1630 Saddle Lane, Greenwood, IN 46143
    1 BED $1,085
    2 BEDS $1,200+
  • a kitchen with black cabinets and a stainless steel refrigerator
    Today

    112 Lind Drive, Edinburgh, IN 46124
    3 BEDS $1,435
  • a seating area under a wooden pavilion in a park
    Today

    1180 Emerald Lakes Drive, Greenwood, IN 46143
    1 BED $1,230+
    2 BEDS $1,475+
  • a living room and dining room with a couch and a table
    Today

    902 Wallington Circle, Greenwood, IN 46143
    1 BED $1,151+
    2 BEDS $1,359+
  • a sign for honey creek apartments in front of a flower garden
    Today

    1786 Honey Ln, Greenwood, IN 46143
    2 BEDS $1,399
  • Interactive banner bedroom
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  • a living room with furniture and a ceiling fan
    Today

    1140 Emerson Pointe Dr, Greenwood, IN 46143
    1 BED $1,340+
  • a large living room with couches and tables
    Today

    8940 Latitudes Drive, Indianapolis, IN 46237
    1 BED $1,214+
    2 BEDS $1,324+
  • a living room with a couch and a television
    Today

    1039 Paz Drive North, Greenwood, IN 46142
    1 BED $980
    2 BEDS $1,061+
    3 BEDS $1,325+
  • a living room with a table and chairs and a fireplace
    Today

    800 Kings Mill Road, Greenwood, IN 46142
    STUDIO $754+
    1 BED $799+
    2 BEDS $976+
  • a living room with a couch and a table
    Today

    8026 Mcfarland Court, Indianapolis, IN 46227
    STUDIO Ask for Pricing
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a living room with a couch and a table
    Today

    8201 Madison Ave, Indianapolis, IN 46227
    1 BED Ask for Pricing
    2 BEDS $1,020+
    3 BEDS $1,325+
  • a living room with a fireplace and a table and chairs
    Today

    8020 Madison Avenue, Indianapolis, IN 46227
    1 BED Ask for Pricing
    2 BEDS $925+
  • a large building with cars parked in a parking lot
    Today

    Mckay Crossing Apartments, Shelbyville, IN 46176
    2 BEDS $700+
  • a dining room and living room with blue walls and a white table and chairs
    Today

    7213 Sundance Drive, Indianapolis, IN 46237
    1 BED $1,219+
    2 BEDS $1,432+
  • a living room with a fireplace and a table and chairs
    Today

    7251 Windsor Lakes Drive, Indianapolis, IN 46237
    1 BED $1,170+
    2 BEDS $1,350+
  • a house with a red door and a white garage door
    Today

    7441 Sharzad Pl, Indianapolis, IN 46227
    2 BEDS $1,350
  • a living room with a couch and a mirror on the wall
    Today

    7302 Queen Anne Court, Indianapolis, IN 46227
    1 BED $718
    2 BEDS $965+
  • a living room with white walls and a staircase
    Today

    415 W. Taylor Street, Shelbyville, IN 46176
    Income Restricted
    1 BED $502+
    2 BEDS $600+
    3 BEDS $698+
  • a living room with a couch and a coffee table
    Today

    7266 Lockwood Lane, Indianapolis, IN 46217
    1 BED $940+
    2 BEDS $1,170+
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Getting around in Franklin, IN

24 /100
Car-Dependent
33 /100
Somewhat Bikeable
Walk Score®: 24, Bike Score®: 33

Frequently asked questions

When were prices and availability in Franklin, IN last updated?

Prices and availability in Franklin, IN were last updated on 23 Feb 2026.

What are the best apartments in Franklin, IN?

The best apartments in Franklin, IN are: Brixin Franklin, Stonebrook of Franklin, Meadowood, 1510 DOUGLAS DR and 1523 Michigan Rd Franklin, IN 46131.

What type of rental buildings are in Franklin, IN?

In Franklin 34% of the housing is rented out compared to 66% of homes are owned, according to the most recent Census Bureau estimates. 6% of Franklin's apartments are found in large buildings of 50 units or more, 48% are located in smaller apartment complexes with less than 50 units, and 42% are single-family rentals.

Your search for apartments in Franklin, IN under $1,500 stops here

Finding apartments for rent in Franklin, IN for less than $1,500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 72 available units in Franklin, IN, renting for under $1,500. On average, $1,309 can get you 951 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $1,500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $1,500 in Franklin, IN goes for $502 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!