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from $9661 to 2 Bedroom Apartments Available Now
Keeneland Crest Apartments
8401 Boggs Creek DrIndianapolis, IN 46237
Cheap Apartments for Rent in the South Franklin Neighborhood of Indianapolis, IN from $800 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Franklin area of Indianapolis.
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from $1,0121 to 2 Bedroom Apartments Available Now
Emerson Village
5140 Emerson Village PlIndianapolis, IN 46237
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from $1,0871 to 3 Bedroom Apartments Available Now
Overlook at Valley Ridge Apartments
6810 Valley Ridge DrIndianapolis, IN 46237
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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from $1,1951 to 2 Bedroom Apartments Available Now
Alder Woods LLC
6806 E County Line RdIndianapolis, IN 46237
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from $1,2001 to 3 Bedroom Apartments Available Now
Lakes of Windsor
7251 Windsor Lakes DrIndianapolis, IN 46237
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South Franklin - 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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from $1,0521 to 2 Bedroom Apartments Contact Us For Availability
The Brixton
4929 Red Robin DrBeech Grove, IN 46107
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South Franklin, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in South Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Franklin Studio Apartments | $1,376 | $1,370 | $1,390 |
| South Franklin 1 Bedroom Apartments | $1,451 | $966 | $3,581 |
| South Franklin 2 Bedroom Apartments | $1,627 | $1,056 | $2,656 |
| South Franklin 3 Bedroom Apartments | $2,055 | $1,600 | $3,973 |
| South Franklin 4 Bedroom Apartments | $2,265 | $2,040 | $2,490 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the South Franklin Neighborhood of Indianapolis, IN.
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South Franklin, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Available South Franklin Apartments for Rent
The cheapest available apartment rental in the South Franklin area of Indianapolis, IN is a 1 Bed unit found at Emerson Village priced from $1,012. Overlook at Valley Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,087. Here are the most affordable South Franklin apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Emerson Village | The Cardinal - Premium | 1BR,1BA | $1,012 |
| Overlook at Valley Ridge Apartments | A - Mohawk | 1BR,1BA | $1,087 |
| Keeneland Crest Apartments | Camden | 2BR,1BA | $1,119 |
Best Value Apartments for Rent in South Franklin, IN
As of April 26, 2025 the best value apartment in the South Franklin area is the $1.43 price per square foot Willowood Model at Redwood Indianapolis in the in the Southeast Indianapolis neighborhood starting from $1,974. The second greatest value South Franklin apartment is the 2 Bedroom 2.5 Bath Townhome Model at Coventry Park Village starting at $1,925 with a $1.44 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for South Franklin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Redwood Indianapolis | Willowood | 2BR,2BA | $1.43 |
| Coventry Park Village | 2 Bedroom 2.5 Bath Townhome | 2BR,2.5BA | $1.44 |
| Keeneland Crest Apartments | Victorian | 2BR,2BA | $1.33 |
| Lakes of Windsor | Westminster | 1BR,1BA | $1.45 |
| Arlington Farms | 1 Bed, 1 Bath | 1BR,1BA | $1.75 |
| Alder Woods LLC | Alder | 2BR,1BA | $1.87 |
| Overlook at Valley Ridge Apartments | A - Mohawk | 1BR,1BA | $1.50 |
| ARLO Apartments | Finn | Studio ,1BA | $2.14 |
| Emerson Village | The Cardinal - Premium | 1BR,1BA | $1.65 |
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Pet Friendly LifestyleSouth Franklin, Indianapolis, IN
Ranked #137
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in South Franklin, Indianapolis, IN
Lillie Idella Kitley Elementary
Franklin Township Com Sch Corp
Public School - Grades K-5 (1125)
4 out of 10
Franklin Central High School
Franklin Township Com Sch Corp
Public School - Grades 9-12 (3319)
7 out of 10
Franklin Central Junior High
Franklin Township Com Sch Corp
Public School - Grades 7-8 (1711)
6 out of 10
School data provided by Great Schools
Getting Around the South Franklin Neighborhood in Indianapolis, IN
Walk Score®
29 / 100
Car-Dependent
Most errands require a car
Bike Score®
35 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
13 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap South Franklin Apartments
What is the Cheapest Studio apartment in South Franklin?
Currently the most affordable Cheap Studio Apartment in South Franklin is at ARLO Apartments listed at $1,370.
How much is rent for a Cheap One Bedroom South Franklin Apartment?
The lowest price for a Cheap One Bedroom South Franklin Apartment is $1,012 at Emerson Village.
What is the lowest price for a Cheap Two Bedroom South Franklin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in South Franklin is starting from $1,119 at Keeneland Crest Apartments.
What is the most affordable South Franklin Three Bedroom Apartment?
The best deal on a cheap South Franklin Three Bedroom Apartment rental is at Lakes of Windsor and starts from $1,670.
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.
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.
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.