
Cheap Homes for Rent in Thirty-Eighth & Franklin Neighborhood of Indianapolis, IN from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Thirty-Eighth & Franklin area of Indianapolis.


4430 N Longworth Ave

8826 Bel Air Ct

8254 Meadowlark Dr

4407 N Mitchner Ave
Thirty-Eighth & Franklin
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Thirty-Eighth & Franklin, Indianapolis, IN Local Guide

How much does it cost to rent a home in Thirty-Eighth & Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Thirty-Eighth & Franklin 2 Bedroom Homes for Rent | $1,247 | $1,195 | $1,300 |
Thirty-Eighth & Franklin 3 Bedroom Homes for Rent | $1,469 | $1,150 | $2,100 |
Thirty-Eighth & Franklin 4 Bedroom Homes for Rent | $1,654 | $1,395 | $2,295 |
Thirty-Eighth & Franklin 5 Bedroom Homes for Rent | $2,695 | $2,695 | $2,695 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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
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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 |
Best Value Apartments for Rent in Thirty-Eighth & Franklin, IN
As of April 15, 2025 the best value apartment in the Thirty-Eighth & Franklin area is the $1.23 price per square foot 2x1 with washer/dryer Model at Apartments @ Marten Court in the in the Southeast Indianapolis neighborhood starting from $1,150. The second greatest value Thirty-Eighth & Franklin apartment is the 2BR2B- Reserve at Franklin Glen Model at Reserve at Franklin Glen starting at $1,220 with a $1.31 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. |
---|---|---|---|
Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
Reserve at Franklin Glen | 2BR2B- Reserve at Franklin Glen | 2BR,2BA | $1.31 |
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 | $1.32 |
The Fort Apartments | Washington | 1BR,1BA | $1.94 |
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 |
Autumn Trails Apartments | The Maple | Studio ,1BA | $2.60 |
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Frequently Asked Questions about Thirty-Eighth & Franklin
What type of rentals are currently available in Thirty-Eighth & Franklin?
There are currently 28 Apartments for Rent in Thirty-Eighth & Franklin, IN with pricing that ranges from $698 to $2,260. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thirty-Eighth & Franklin ranging from $1,150 to $2,695.
What is the current price range for Rental Homes in Thirty-Eighth & Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Thirty-Eighth & Franklin ranges from $1,150 to $2,695 with an average monthly rent of $1,766.
How much are larger Three and Four Bedroom Rentals in Thirty-Eighth & Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Thirty-Eighth & Franklin range from $1,395 to $2,260, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,499.
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 & 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.