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Rent Specials
Special Offer
Specials Apply Now for a 12 Month Lease and Move-In by 5/31/25 to Receive Your First Full Month for Free! Don't forget to ask about our look
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ARLO Apartments
5945 Arlo DrIndianapolis, IN 46237
Apartments for Rent with Specials in the South Franklin Neighborhood of Indianapolis, IN (4 Rentals)
Apartments in the South Franklin area of Indianapolis with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Rent Specials
Special Offer
Specials Ask about our exclusive discount programs! Contact our team for more info.
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Redwood Indianapolis
7925 Carlington RdIndianapolis, IN 46237
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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Rent Specials
Special Offer
Specials Save $100 each month off the normal market rate if leased by 5/31/2025!
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Coventry Park Village
5500 S Emerson AveIndianapolis, 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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Rent Specials
Special Offer
Specials Move in now with just a $400 deposit and enjoy 6 weeks of FREE rent on 2 and 3-bedroom apartments when you move in by May 16! Don't
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Arlington Farms
2755 Red Bloom DrGreenwood, IN 46143
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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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 | $1,401 | $966 | $2,818 |
| South Franklin 2 Bedroom Apartments | $1,568 | $1,056 | $2,834 |
| South Franklin 3 Bedroom Apartments | $2,101 | $1,584 | $3,949 |
| South Franklin 4 Bedroom Apartments | $2,523 | $2,040 | $3,220 |
Browse Apartments in this Neighborhood
There are currently 4 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
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Top Indianapolis Apartments in the South Franklin Area with Move-In Specials Ending Soon
Specials updated: 05-11-2025Take advantage of these move-in and rent specials that are ending soon for top South Franklin, IN apartments. Act fast and don’t miss out on an incredible deal on your perfect new place!
ARLO Apartments
Apply Now for a 12 Month Lease and Move-In by 5/31/25 to Receive Your First Full Month for Free! Don't forget to ask about our look and lease special!Expires 05-11-2025
Coventry Park Village
Save $100 each month off the normal market rate if leased by 5/31/2025!Expires 05-11-2025
Redwood Indianapolis
Ask about our exclusive discount programs! Contact our team for more info.Expires 05-11-2025
Arlington Farms
Move in now with just a $400 deposit and enjoy 6 weeks of FREE rent on 2 and 3-bedroom apartments when you move in by May 16! Don't miss out on this limited-time offer! Contact us to learn more! *Conditions apply. Subject to availability.Expires 05-12-2025
Newly Listed Move-In Specials offers for Apartments in South Franklin, IN
Specials updated: 05-11-2025Here are the most recently added special offers for renters looking to find the best deals on apartments in South Franklin, IN. Be sure to take advantage of some of the area’s top offers.
Arlington Farms
Move in now with just a $400 deposit and enjoy 6 weeks of FREE rent on 2 and 3-bedroom apartments when you move in by May 16! Don't miss out on this limited-time offer! Contact us to learn more! *Conditions apply. Subject to availability.Expires 05-12-2025
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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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 Rent Specials South Franklin Apartments
What is the Cheapest Rent Specials apartment in South Franklin?
Currently the most affordable Rent Specials Apartment in South Franklin is at ARLO Apartments listed at $1,340.
How much is the average rent for a Rent Specials South Franklin Apartment?
The average rent for a Rent Specials Apartment in South Franklin is $1,870.
What is the largest Rent Specials South Franklin Apartment for rent?
Today's Rent Specials apartment with the most square footage in South Franklin is a 1,709 square feet unit starting from $1,748 at Redwood Indianapolis.
What is the average size for South Franklin Rent Specials Apartments for rent?
The average size for a Rent Specials rental in South Franklin is currently at 948 sq ft.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
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.