Cheap Homes for Rent in South Franklin Avenue Neighborhood of Indianapolis, IN from $900 (7 Rentals)

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Cheap Homes in the South Franklin Avenue area of Indianapolis.

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.

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.

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!

South Franklin Avenue, Indianapolis, IN Local Guide

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 ListingModel NameBed/BathPriced From
The Aerie on 11th Street6260 East 11th Street - Apt 3072BR,1BA$700
StonehengeStudioStudio,1BA$749
OlivewoodOne Bed One Bath1BR,1BA$859

Best Value Apartments for Rent in South Franklin Avenue, IN

As of May 03, 2025 the best value apartment in the South Franklin Avenue area is the $1.24 price per square foot Beautiful Renovated Historic Apartment - 2 bedr... Model at School 85 in the in the Southeast Indianapolis neighborhood starting from $1,610. The second greatest value South Franklin Avenue apartment is the Two Bedroom 1.5 Bath Model at Paragon Park starting at $1,199 with a $0.98 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 ListingModel NameBed/BathPrice Per Sq.Ft.
School 85Beautiful Renovated Historic Apartment - 2 bedr...2BR,2BA$1.24
Paragon ParkTwo Bedroom 1.5 Bath2BR,1.5BA$0.98
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
60 - ADDISON APARTMENTS1st Floor Standard + W/D Hookups2BR,1BA$0.95
Vistas Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1.13
The Aerie on 11th Street6260 East 11th Street - Apt 3052BR,1BA$0.82
Braeburn Village2X1-502BR,1BA$1.19
The Life at Belhaven Place1 Bed 1 Bath1BR,1BA$1.21
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$1.18
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$1.35

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Frequently Asked Questions about South Franklin Avenue

What type of rentals are currently available in South Franklin Avenue?

There are currently 58 Apartments for Rent in South Franklin Avenue, IN with pricing that ranges from $400 to $2,015. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Franklin Avenue ranging from $925 to $1,920.

What is the current price range for Rental Homes in South Franklin Avenue?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Franklin Avenue ranges from $925 to $1,920 with an average monthly rent of $1,361.

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.

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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.

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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.

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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.