Rent in Franklin County, IN at a glance
2-bedroom rent (HUD)
$1,117$13,404 a year · HUD fiscal year 2026From October 1, 2026: $1,148 (+2.8%)How much rent can you afford in Franklin County, IN?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Franklin County, IN by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $796 | $9,552 | $31,840 | $15.31/hr |
| 1 bedroom | $861 | $10,332 | $34,440 | $16.56/hr |
| 2 bedroomsMost searched | $1,117 | $13,404 | $44,680 | $21.48/hr |
| 3 bedrooms | $1,473 | $17,676 | $58,920 | $28.33/hr |
| 4 bedrooms | $1,479 | $17,748 | $59,160 | $28.44/hr |
Cost of living in Franklin County, IN: income, prices and a budget →
Living and working in Franklin County, IN
Rent in Franklin County, IN: common questions
How much is rent going up in Franklin County, IN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,148 for a two-bedroom, up 2.8% from $1,117. A one-bedroom goes from $861 to $950, a studio from $796 to $841.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Franklin County, IN?
HUD's Fair Market Rent for 2026 is $861 for a one-bedroom and $1,117 for a two-bedroom, utilities included. That is $13,404 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Franklin County, IN?
To keep a $1,117 two-bedroom at 30% of gross pay, one full-time worker needs $21.48 an hour, or $44,680 a year. A one-bedroom at $861 takes $16.56 an hour.
How much is a 1, 2 or 3-bedroom apartment in Franklin County, IN?
At HUD's 2026 Fair Market Rent: studio $796, one bedroom $861, two $1,117, three $1,473 and four $1,479 a month.
Is rent affordable in Franklin County, IN?
For the typical household, earning $78,074 a year ($6,506 a month, Census ACS), a two-bedroom at $1,117 takes 17.2% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,117 × 12) ÷ 0.30 = $44,680. Divided by 2,080 working hours, that is $21.48 an hour.