Rent by ZIP · Johnson County
Rent in Franklin, IN 46131
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,500 (+4.9% vs FY2026). Renters in this ZIP code pay a median $1,177 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,160 | $1,090 | +6.4% | $1,044–1,276 | $999 ±$375 |
| 1 bedroom | $1,300 | $1,230 | +5.7% | $1,170–1,430 | $822 ±$227 |
| 2 bedrooms | $1,500 | $1,430 | +4.9% | $1,350–1,650 | $975 ±$48 |
| 3 bedrooms | $1,940 | $1,850 | +4.9% | $1,746–2,134 | $1,481 ±$184 |
| 4 bedrooms | $2,370 | $2,270 | +4.4% | $2,133–2,607 | $1,901 ±$256 |
Small Area FMRs for the Indianapolis-Carmel, IN HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Indianapolis-Carmel, IN HUD Metro FMR Area, 2 bedrooms: $1,536.
What renters pay in 46131
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 46130 | Fountaintown | $1,280 | $1,018 |
| 46133 | Glenwood | $1,240 | $1,682 |
| 46128 | Fillmore | $1,270 | $1,110 |
| 46127 | Falmouth | $1,020 | – |
| 46135 | Greencastle | $1,060 | $919 |
| 46126 | Fairland | $1,040 | $974 |
Fair Market Rents across Johnson County, IN · All IN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.