Franklin Studios Apartments

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4985 N Franklin Rd, Indianapolis, IN 46226
(463) 263-4742
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Franklin Studios

4985 N Franklin Rd
Indianapolis, IN 46226
(463) 263-4742
Franklin Studios in Indianapolis, IN - Building Photo
Student HousingIncome Restrictions
  • Studio Bedrooms
  • $725Available Unit Pricing
  • 250Square Feet

About Franklin Studios

Located in the heart of Lawrence Indiana, this location offers easy access to major roads and interstates. This affordable studio is 2 blocks south of Lawrence Park and is close to several restaurants. and shopping areas. Rent includes all utilities except for cable and internet. Laundry facilities are located on site. Studios are for single occupancy, no pets. Income restriction is $1800 a month.

Franklin Studios is located in the Lawrence Neighborhood and 46226 Zip code of Indianapolis, IN.

Property Contact Info

Floorplan Pricing and Availability

Franklin Studios offers Studio apartments starting from $725 and having 250 sq ft. Here is the current pricing and availability:

    • Studio

      From $725

      Studio

      Studio, 1 Bath, 250 sq ftAvailable Now

      Availability Details

      PriceAvailability DateUnitSq FtView Details
      $725Available NowA250
      $725Available NowB250
      $725Available NowC250

      Model Amenities and Features

      Features

      • Air Conditioning
      • Heating

      Kitchen

      • Disposal

      Living Space

      • Carpet

      Model Rent and Fees

      Price

      • $725

      Deposit

      • $400 deposit

      Unit A Amenities and Features

      Features

      • Air Conditioning
      • Heating

      Kitchen

      • Disposal

      Living Space

      • Carpet

      Unit A Rent and Fees

      Price

      • $725

      Model Deposit

      • $400 deposit

      Model Rent and Fees

      Price

      • $725

      Unit B Amenities and Features

      Features

      • Air Conditioning
      • Heating

      Kitchen

      • Disposal

      Living Space

      • Carpet

      Unit B Rent and Fees

      Price

      • $725

      Model Deposit

      • $400 deposit

      Model Rent and Fees

      Price

      • $725

      Unit C Amenities and Features

      Features

      • Air Conditioning
      • Heating

      Kitchen

      • Disposal

      Living Space

      • Carpet

      Unit C Rent and Fees

      Price

      • $725

      Model Deposit

      • $400 deposit

      Model Rent and Fees

      Price

      • $725
    * Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

    Schedule a Tour

    Schedule a Tour
    Call us at: (463) 263-4742 to schedule a tour.

    Property Information

    • 44 Units
    • 3 Stories
    • Built in 1967

    Income Restrictions At Franklin Studios

    Income restrictions apply to some or all residents. Contact the community for more information.

    # PersonsAnnual Income
    1$21,600
    income restriction

    To qualify, you must be equal to or below those in the chart, based on the number of persons living in the dwelling.

    Lease Terms

    • 3 Months, Month-to-Month after

    Utilities Included

    • Trash Removal
    • Electricity
    • Sewer
    • Air Conditioning
    • Water
    • Gas
    • Heat

    Parking Fees & Info

    Parking Surface

    • 1 Space.

    Fee & Deposit Info

    One-Time Fees

    • $25 Application Fee

    Features and Amenities

    On-Site Services

    • Laundry Facilities

    Community Features

    • Elevator

    Outdoor Features

    • Controlled Access

    Kitchen Amenities

    • Disposal

    Student Features

    • Private Bathroom

    Pet Policy

    • No Pets Allowed
    Google Map

    Map

    4985 N Franklin Rd, Indianapolis, IN 46226

    Hours and Contact Info

    Call Us - Open Now!
    Currently Closed
    By Appointment
    Monday9:00 am–5:00 pm
    Tuesday9:00 am–5:00 pm
    Wednesday9:00 am–5:00 pm
    Thursday9:00 am–5:00 pm
    Friday9:00 am–5:00 pm
    SaturdayBy Appointment
    SundayBy Appointment

    Getting Around

    Walk Score®

    54 / 100

    Somewhat Walkable

    Some errands can be accomplished on foot

    Bike Score®

    73 / 100

    Very Bikeable

    Biking is convenient for most trips

    Frequently Asked Questions about Franklin Studios

    Where is Franklin Studios located?

    Franklin Studios is located at 4985 N Franklin Rd near the Lawrence area of Indianapolis, IN

    What is the current rent range at Franklin Studios?

    Studio at Franklin Studios currently start from $725. Call today for more info!

    When is the leasing office open?

    • The office Hours for Franklin Studios are
    • Monday 9:00 am–5:00 pm
    • Tuesday 9:00 am–5:00 pm
    • Wednesday 9:00 am–5:00 pm
    • Thursday 9:00 am–5:00 pm
    • Friday 9:00 am–5:00 pm
    • Saturday By Appointment
    • Sunday By Appointment

    Are pets allowed?

    Call us today to find out our pet policy and if we allow pets

    Lifestyle Ratings

    • Affordability Nice Value3.2

      The Franklin Studios Apartments are 18.2% cheaper than the average apartment in the Lawrence area, and 43.1% cheaper than the average apartment city-wide.

      Rent Comparison to the Lawrence Neighborhood

      FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
      Studio$725$886-$161-18.2%

      Rent Comparison to the city of Indianapolis

      FloorplanLowest Price HereCity Average RentCost Difference%
      Studio$725$1,274-$549-43.1%

      Methodology: On 02/05/2025, ApartmentHomeLiving.com compared current rents by floorplan to 9 other apartment communities in the immediate area around Franklin Studios (Lawrence), and 223 other apartment communities in Indianapolis using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

      Rent Pricing Data as of 02/05/2025

    Learn more about Lifestyle Search

    Renters Reviews and Ratings

    4.0
    0 Renters Reviews
    ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

    Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

    Nearby Schools

    Harrison Hill Elementary School

    M S D Lawrence Township
    7510 E 53rd St
    Public School - Grades 1-6 (723 Students)
    In Attendance Zone1 minute drive / 0.5 miles away
    3/10

    Belzer Middle School

    M S D Lawrence Township
    7555 East 56th Street
    Public School - Grades 7-8 (1183 Students)
    In Attendance Zone2 minute drive / 0.7 miles away
    3/10

    Lawrence Central High School

    M S D Lawrence Township
    7300 East 56th Street
    Public School - Grades 9-12 (2317 Students)
    In Attendance Zone2 minute drive / 0.8 miles away
    3/10
    School data provided by GreatSchools.
    details
    The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

    About GreatSchools Data on ApartmentHomeLiving.com.

    Points of Interest

    Time and distance from Franklin Studios.

    Arts Museums and Landmarks

    9500 East 16th Street
    9 minute drive / 4.47 miles away
    3000 N. Meridian St.
    15 minute drive / 7.27 miles away
    4000 Michigan Road
    17 minute drive / 8.22 miles away

    Big Box and Retail

    Aldi
    10325 Pendleton Pike
    5 minute drive / 2.52 miles away
    Kroger
    5810 E 71st St
    6 minute drive / 3.18 miles away
    Kohl's
    5825 Sunnyside Rd
    6 minute drive / 3.23 miles away

    Colleges and Universities

    4600 Sunset Ave
    16 minute drive / 7.47 miles away
    50 West Fall Creek Pkwy
    16 minute drive / 7.5 miles away
    425 University Blvd
    20 minute drive / 9.4 miles away

    Groceries

    Aldi
    10325 Pendleton Pike
    5 minute drive / 2.52 miles away
    Kroger
    5810 E 71st St
    6 minute drive / 3.18 miles away
    Save-A-Lot
    2930 E 38th St
    10 minute drive / 4.73 miles away

    Hospitals

    5602 Caito Drive
    2 minute drive / 0.83 miles away
    7150 Clearvista Dr
    7 minute drive / 3.53 miles away
    8102 Clearvista Parkway
    7 minute drive / 3.68 miles away

    Military Bases

    9 minute drive / 4.27 miles away

    Parks and Recreation

    8750 Corporation Drive
    9 minute drive / 4.53 miles away
    3000 N Meridian St
    15 minute drive / 7.27 miles away
    1230 North Delaware Street
    17 minute drive / 8.02 miles away

    Franklin Studios has 5 parks within 10.2 miles, including Climb Time Indy, SpaceQuest Planetarium, Benjamin Harrison House, White River State Park, and Garfirled Conservatory.

    Restaurants and Dining

    6880 E 82nd St
    8 minute drive / 3.96 miles away
    1912 Broad Ripple Avenue
    11 minute drive / 5.36 miles away
    6360 N. Guilford Ave
    13 minute drive / 6.18 miles away

    Shopping Centers

    5104 N Franklin Rd
    1 minute drive / 0.26 miles away
    8021-8029 Pendleton Pike
    2 minute drive / 0.94 miles away
    8101-8347 Pendleton Pike
    2 minute drive / 0.96 miles away

    Franklin Studios has 5 shopping centers within 1.0 miles.

    Nearby Neighborhoods

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    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Indianapolis Studio Apartments $1,274$585$6,600
    Indianapolis 1 Bedroom Apartments $1,420$307$4,900
    Indianapolis 2 Bedroom Apartments $1,722$750$7,022
    Indianapolis 3 Bedroom Apartments $2,066$899$9,573
    Indianapolis 4 Bedroom Apartments $1,784$979$3,890

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    Viewing: Franklin Studios | Desktop Version | Listing Updated: 02/04/2025 | AHLSLV