419 S Arlington Ave
IndianapolisIN46219
Cheap Homes for Rent in South Franklin Avenue Neighborhood of Indianapolis, IN from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the South Franklin Avenue area of Indianapolis.
6264 Eastridge Dr
IndianapolisIN46219
1260 N Ridgeview Dr
IndianapolisIN46219
2125 N Kenyon St
IndianapolisIN46219
2114 N Kitley Ave
IndianapolisIN46219
2115 N Kenyon St
IndianapolisIN46219
2114 N Kenyon St
IndianapolisIN46219
263 N Routiers Ave
IndianapolisIN46219
6668 E 17th St
IndianapolisIN46219
31 N Catherwood Ave
IndianapolisIN46219
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 1-10, Page 1 of 1
South Franklin Avenue, Indianapolis, IN Local Guide
How much does it cost to rent a home in South Franklin Avenue?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Franklin Avenue 2 Bedroom Homes for Rent | $1,088 | $925 | $1,375 |
| South Franklin Avenue 3 Bedroom Homes for Rent | $1,522 | $1,100 | $1,960 |
| South Franklin Avenue 4 Bedroom Homes for Rent | $2,195 | $2,175 | $2,215 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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. Stonehenge has the second lowest priced unit, which is a Studio apartment currently listed from $799. 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 |
| Stonehenge | Studio | Studio,1BA | $799 |
| 6117 Nimitz Dr | 6117 Nimitz Dr | 1BR,1BA | $800 |
Best Value Apartments for Rent in South Franklin Avenue, IN
As of March 26, 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 2 BR, 1.5 Bath townhome Model at Country Lake Townhomes starting at $1,425 with a $1.40 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. |
|---|---|---|---|
| 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 | $1.08 |
| 6117 Nimitz Dr | 6117 Nimitz Dr | 1BR,1BA | $0.98 |
| Braeburn Village | 2X1-50 | 2BR,1BA | $1.19 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.34 |
| Lake Marina Apartments | 1 Bedroom Townhouse | 1BR,1BA | $1.40 |
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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 61 Apartments for Rent in South Franklin Avenue, IN with pricing that ranges from $412 to $1,750. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Franklin Avenue ranging from $700 to $2,215.
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 $700 to $2,215 with an average monthly rent of $1,376.
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.