What is the median rent in Franklin Township (Marion County), IN?

Name: Median rent in Franklin Township (Marion County), IN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Franklin Township (Marion County), IN is $1,288 (±$118) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 5,754 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Franklin Township (Marion County), the median gross rent went from $1,053 in 2015–2019 to $1,288 in 2020–2024 (+22.3%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $1,288 (±$118)
Rented homes: 5,754 (±752)
$2,000 or more: 7.5%
Since 2015–2019: +22.3%

How much rent costs in Franklin Township (Marion County)

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Franklin Township (Marion County)	Marion County	Indiana	United States
Less than $500	6.8% (±3.1 points)	4.3%	7.1%	6.3%
$500 to $999	15.9% (±5.9 points)	28.6%	36.9%	20.2%
$1,000 to $1,499	39.7% (±8.3 points)	45.4%	38.5%	28.1%
$1,500 to $1,999	30.1% (±6.6 points)	15.6%	12.0%	21.1%
$2,000 to $2,499	6.6% (±3.0 points)	4.3%	3.6%	12.0%
$2,500 to $2,999	0.6% (±0.7 points)	1.1%	1.0%	5.5%
$3,000 or more	0.3% (±0.6 points)	0.6%	0.9%	6.8%

The most common range is $1,000 to $1,499, paid by 39.7% of renting households.

7.5% of rented homes in Franklin Township (Marion County) cost $2,000 or more a month.

Franklin Township (Marion County) against Marion County, its state and the nation

Estimate (90% margin of error)
	Franklin Township (Marion County)	Marion County	Indiana	United States
Median gross rent	$1,288 (±$118)	$1,153 (±$10)	$1,062 (±$5)	$1,413
Rented homes paying rent	5,754 (±752)	170,021 (±3,020)	758,146 (±6,704)	42,849,984

In Franklin Township (Marion County), median gross rent is higher than in Marion County ($1,153).

It is also higher than in Indiana ($1,062).

It is lower than the national figure ($1,413).

In Marion County, Franklin Township (Marion County) ranks 2 of 18 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 100 of 1,204.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Franklin Township (Marion County) has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,053 (±$47)	$1,288 (±$118)	+22.3%	No measurable change after inflation
Households that rent	22.9% (±2.0 points)	23.9% (±2.7 points)	+1.0 percentage points	Not a measurable change
Rental vacancy rate	6.2% (±3.4 points)	3.7% (±2.9 points)	−2.5 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Franklin Township (Marion County)

Nearest places with a published estimate, compared with Franklin Township (Marion County)
Place	Distance	Median gross rent	Compared with this place
Franklin Township (Marion County)	—	$1,288 (±$118)	—
Beech Grove	4.8 mi	$1,091 (±$38)	Lower
Southport	5.8 mi	$1,029 (±$168)	Lower
Moral Township	6.7 mi	$1,050 (±$474)	Not measurably different
Warren Township (Marion County)	6.8 mi	$1,061 (±$30)	Lower
New Palestine	7.2 mi	$1,129 (±$220)	Not measurably different
Greenwood	7.2 mi	$1,312 (±$58)	Not measurably different
Sugar Creek Township (Hancock County)	7.5 mi	$1,011 (±$104)	Lower
Warren Park	7.6 mi	$952 (±$23)	Lower

Nearby places with a measurably lower figure: Beech Grove, IN ($1,091), Southport, IN ($1,029), Warren Township (Marion County), IN ($1,061).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Marion County, place by place

Rank	Place	Median gross rent
1	Rocky Ripple	$1,463 (±$215)
2	Franklin Township (Marion County)	$1,288 (±$118)
3	Decatur Township	$1,274 (±$101)
4	Washington Township (Marion County)	$1,239 (±$28)
5	Lawrence	$1,178 (±$77)
6	Lawrence Township	$1,177 (±$38)
7	Center Township (Marion County)	$1,173 (±$26)
8	Cumberland	$1,157 (±$107)

Showing 8 of 18 places in Marion County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Franklin Township (Marion County)

What is the average rent in Franklin Township (Marion County), IN?

The Census Bureau publishes the median rather than the average: the median gross rent in Franklin Township (Marion County) is $1,288 (±$118) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Franklin Township (Marion County)?

In Franklin Township (Marion County), the median gross rent went from $1,053 in 2015–2019 to $1,288 in 2020–2024 (+22.3%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Franklin Township (Marion County) cost more than $2,000 a month?

7.5% of rented homes in Franklin Township (Marion County) have a gross rent of $2,000 or more a month, and 6.8% cost less than $500.

Is rent in Franklin Township (Marion County) higher than in Marion County?

In Franklin Township (Marion County), median gross rent is higher than in Marion County ($1,153).

It is also higher than in Indiana ($1,062).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Franklin township, Marion County, Indiana (county subdivision:25504, in state:18 county:097).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.