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from $7051 to 2 Bedroom Apartments Available Now
Indy Town Apartments
6046 E 21st StIndianapolis, IN 46219
Cheap Apartments for Rent in the Thirty-Eighth & Franklin Neighborhood of Indianapolis, IN from $500 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Thirty-Eighth & Franklin area of Indianapolis.
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from $749Studio to 2 Bedroom Apartments Available Now
Autumn Trails Apartments
7975 Red Mill DrIndianapolis, IN 46226
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from $7501 to 2 Bedroom Apartments Available Now
Apartments @ Marten Court
7852 Marten Ct SIndianapolis, IN 46226
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from $7691 to 3 Bedroom Apartments Available Now
Serenity Park Apartments
9060 E 39th PlIndianapolis, IN 46235
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from $829Studio to 2 Bedroom Apartments Available Now
Harrison Point Apartments
9093 Bourbon StIndianapolis, IN 46235
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 $879Studio to 3 Bedroom Apartments Available Now
Kingston Square Apartments
7171 Twin Oaks DrIndianapolis, IN 46226
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Thirty-Eighth & 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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Thirty-Eighth & Franklin, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Thirty-Eighth & Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thirty-Eighth & Franklin Studio Apartments | $870 | $749 | $1,050 |
| Thirty-Eighth & Franklin 1 Bedroom Apartments | $1,308 | $729 | $1,799 |
| Thirty-Eighth & Franklin 2 Bedroom Apartments | $1,371 | $750 | $1,990 |
| Thirty-Eighth & Franklin 3 Bedroom Apartments | $1,708 | $1,395 | $2,260 |
| Thirty-Eighth & Franklin 4 Bedroom Apartments | $1,709 | $1,499 | $1,920 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Thirty-Eighth & Franklin Neighborhood of Indianapolis, IN.
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Thirty-Eighth & Franklin, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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Cheapest Available Thirty-Eighth & Franklin Apartments for Rent
The cheapest available apartment rental in the Thirty-Eighth & Franklin area of Indianapolis, IN is a Studio unit found at Autumn Trails Apartments priced from $749. Serenity Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $769. Here are the most affordable Thirty-Eighth & Franklin apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Autumn Trails Apartments | The Maple | Studio,1BA | $749 |
| Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $769 |
| Kingston Square Apartments | The Ash | Studio,1BA | $879 |
| Apartments @ Marten Court | 1x1 | 1BR,1BA | $925 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $931 |
Best Value Apartments for Rent in Thirty-Eighth & Franklin, IN
As of April 18, 2025 the best value apartment in the Thirty-Eighth & Franklin area is the $0.93 price per square foot Two Bedroom One Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,129. The second greatest value Thirty-Eighth & Franklin apartment is the 2x1 with washer/dryer Model at Apartments @ Marten Court starting at $1,150 with a $1.23 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Thirty-Eighth & Franklin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Paragon Park | Two Bedroom One Bath | 2BR,1BA | $0.93 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| Reserve at Franklin Glen | 2BR2B- Reserve at Franklin Glen | 2BR,2BA | $1.31 |
| The Fort Apartments | Tyler (w/ Den) | 1BR,1BA | $1.69 |
| Kingston Square Apartments | The Maple | 2BR,1.5BA | $1.69 |
| Harrison Point Apartments | Ruby Reno | 2BR,1BA | $1.52 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.36 |
| The Otis at Fort Ben Apartments | Alpine | 1BR,1BA | $2.27 |
| Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.29 |
| Spanish Oaks | Studio | Studio ,1BA | $1.86 |
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Pet Friendly LifestyleThirty-Eighth & Franklin, Indianapolis, IN
Ranked #174
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Thirty-Eighth & Franklin Apartments
What is the Cheapest Studio apartment in Thirty-Eighth & Franklin?
Currently the most affordable Cheap Studio Apartment in Thirty-Eighth & Franklin is at Autumn Trails Apartments listed at $749.
How much is rent for a Cheap One Bedroom Thirty-Eighth & Franklin Apartment?
The lowest price for a Cheap One Bedroom Thirty-Eighth & Franklin Apartment is $769 at Serenity Park Apartments.
What is the lowest price for a Cheap Two Bedroom Thirty-Eighth & Franklin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Thirty-Eighth & Franklin is starting from $899 at Serenity Park Apartments.
What is the most affordable Thirty-Eighth & Franklin Three Bedroom Apartment?
The best deal on a cheap Thirty-Eighth & Franklin Three Bedroom Apartment rental is at Reserve at Franklin Glen and starts from $1,391.
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.
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.
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.