1115 Cecil Ave
IndianapolisIN46219
Cheap Apartments for Rent in the South Franklin Avenue Neighborhood of Indianapolis, IN from $300 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Franklin Avenue area of Indianapolis.
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South Franklin Avenue
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Showing Results 1-6, 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 | $1,070 | $790 | $1,250 |
| South Franklin Avenue 1 Bedroom Apartments | $956 | $412 | $1,159 |
| South Franklin Avenue 2 Bedroom Apartments | $1,242 | $867 | $2,060 |
| South Franklin Avenue 3 Bedroom Apartments | $1,524 | $1,225 | $1,750 |
Browse Apartments in this Neighborhood
There are currently 6 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 1 Bed unit found at 1252 Goldenrod Dr priced from $325. Indy Town Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $707. Here are the most affordable South Franklin Avenue apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1252 Goldenrod Dr | 1252 Goldenrod Dr | 1BR,1BA | $325 |
| Indy Town Apartments | Arlington Green 1 bedroom | 1BR,1BA | $707 |
| Vistas Apartments | 2 Bedroom 1.5 Bath Townhouse | 2BR,1BA | $864 |
Best Value Apartments for Rent in South Franklin Avenue, IN
As of March 29, 2025 the best value apartment in the South Franklin Avenue area is the $0.91 price per square foot 854 Treyburn Green Dr Model at 854 Treyburn Green Dr in the in the Southeast Indianapolis neighborhood starting from $1,955. 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. |
|---|---|---|---|
| 854 Treyburn Green Dr | 854 Treyburn Green Dr | 3BR,2.5BA | $0.91 |
| School 85 | Beautiful Renovated Historic Apartment - 2 bedr... | 2BR,2BA | $1.24 |
| Country Lake Townhomes | 2 BR, 1.5 Bath townhome | 2BR,1.5BA | $1.40 |
| 60 - ADDISON APARTMENTS | 1st Floor Standard + W/D Hookups | 2BR,1BA | $0.95 |
| Warren Harbor Apartments | The Walker | 2BR,2BA | $1.42 |
| 50 - SAXONY COURT APARTMENTS | Saxony 2 Bd Remodel | 2BR,1BA | $1.02 |
| Vistas Apartments | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.05 |
| Braeburn Village | 2X1-50 | 2BR,1BA | $1.19 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.35 |
| Lake Marina Apartments | 1 Bedroom Townhouse | 1BR,1BA | $1.40 |
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Pet Friendly LifestyleSouth Franklin Avenue, Indianapolis, IN
Ranked #153
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet 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 1252 Goldenrod Dr which is listed at $325, while the average apartment in South Franklin Avenue costs $1,552.
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 18 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 $250 which is $1,302 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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.