1252 Goldenrod Dr
IndianapolisIN46219
Cheap Apartments for Rent in the South Franklin Avenue Neighborhood of Indianapolis, IN from $400 (13 Rentals)
Cheap Apartments in the South Franklin Avenue area of Indianapolis.
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from $7002 Bedroom Apartments Available Now
The Aerie on 11th Street
6240 E 11th StIndianapolis, IN 46219
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Rent Specials
from $749Studio to 2 Bedroom Apartments Available Now
Stonehenge
7980 Dunston DrIndianapolis, IN 46239
7051 E 11th St
IndianapolisIN46219
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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from $790Studio to 2 Bedroom Apartments Available Now
Serenity Manor 55+ Independent Senior Living
1123 N Edmondson AveIndianapolis, IN 46219
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from $7952 Bedroom Apartments Available Now
Vistas Apartments
1366 N Arlington AveIndianapolis, IN 46219
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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2 Bedroom Apartments
The Jeffersonian Apartments Of Indianapolis
801 N Shortridge RdIndianapolis, IN 46219
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South Franklin Avenue - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
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Showing Results 1-13, Page 1 of 1
South Franklin Avenue, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in South Franklin Avenue?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Franklin Avenue Studio Apartments | $888 | $749 | $1,250 |
| South Franklin Avenue 1 Bedroom Apartments | $971 | $400 | $1,225 |
| South Franklin Avenue 2 Bedroom Apartments | $1,136 | $700 | $1,610 |
| South Franklin Avenue 3 Bedroom Apartments | $1,590 | $1,225 | $1,995 |
| South Franklin Avenue 4 Bedroom Apartments | $1,762 | $1,581 | $1,955 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the South Franklin Avenue Neighborhood of Indianapolis, IN.
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South Franklin Avenue, Indianapolis, IN Local Guide
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Cheapest Available South Franklin Avenue Apartments for Rent
The cheapest available apartment rental in the South Franklin Avenue area of Indianapolis, IN is a 2 Beds unit found at The Aerie on 11th Street priced from $700. Stonehenge has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable South Franklin Avenue apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Aerie on 11th Street | 6260 East 11th Street - Apt 307 | 2BR,1BA | $700 |
| Stonehenge | Studio | Studio,1BA | $749 |
| Vistas Apartments | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $795 |
| 50 - SAXONY COURT APARTMENTS | Saxony 2 Bd Standard | 2BR,1BA | $875 |
| Lake Marina Apartments | 1 Bedroom Townhouse | 1BR,1BA | $899 |
Best Value Apartments for Rent in South Franklin Avenue, IN
As of May 09, 2025 the best value apartment in the South Franklin Avenue area is the $1.15 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,539. The second greatest value South Franklin Avenue apartment is the Beautiful Renovated Historic Apartment - 2 bedr... Model at School 85 starting at $1,610 with a $1.24 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for South Franklin Avenue apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Paragon Park | Three Bedroom Two Bath | 3BR,2BA | $1.15 |
| School 85 | Beautiful Renovated Historic Apartment - 2 bedr... | 2BR,2BA | $1.24 |
| 7302 East Washington Street, Unit A | 7302 East Washington Street | Studio ,1.5BA | $1.04 |
| The Life at Belhaven Place | 3 Bed 2 Bath | 3BR,2BA | $1.18 |
| Country Lake Townhomes | 2 BR, 1.5 Bath townhome | 2BR,1.5BA | $1.40 |
| 60 - ADDISON APARTMENTS | 1st Floor Standard | 2BR,1BA | $0.95 |
| Vistas Apartments | 2 Bedroom 1.5 Bath Townhouse | 2BR,1.5BA | $1.02 |
| The Aerie on 11th Street | 6260 East 11th Street - Apt 305 | 2BR,1BA | $0.82 |
| 50 - SAXONY COURT APARTMENTS | Saxony 2 Bd Standard | 2BR,1BA | $1.18 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.32 |
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Pet Friendly LifestyleSouth Franklin Avenue, Indianapolis, IN
Ranked #184
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap South Franklin Avenue Apartments
What is the price of a cheap apartment in South Franklin Avenue?
The cheapest apartment in South Franklin Avenue is Lake Marina Apartments which is listed at $899, while the average apartment in South Franklin Avenue costs $1,757.
What types of apartments are the cheapest in South Franklin Avenue?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 17 regular apartments in South Franklin Avenue that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in South Franklin Avenue?
Cheap apartments in South Franklin Avenue have an average cost of $591 which is $1,166 cheaper than the average rent for all rentals in South Franklin Avenue.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.