Cheap Apartments for Rent in the Heritage Neighborhood of Franklin, IN from $900 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Heritage area of Franklin.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Brookfield Townhomes
2 Bedroom Apartments

Brookfield Townhomes

1543-1578 Brookfield CirFranklin, IN 46131
  • Utilities Included
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Brixin Franklin
3 to 4 Bedroom Apartments

Brixin Franklin

1600 Traditions CtFranklin, IN 46131
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150 S Main St
3 Bedroom Apartments

150 S Main St

150 S Main StFranklin, IN 46131

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Parkside Apartments
1 to 2 Bedroom Apartments

Parkside Apartments

390 S Home AveFranklin, IN 46131
  • Utilities Included
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199 S Main St
1 Bedroom Apartments

199 S Main St

199 S Main StFranklin, IN 46131
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Franklin Cove
1 to 2 Bedroom Apartments

Franklin Cove

2015 Franklin Cove CtFranklin, IN 46131

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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Saddlebrook Farms
2 to 3 Bedroom Apartments

Saddlebrook Farms

821 Pearl StWhiteland, IN 46184

Heritage, Franklin, IN Local Guide

Cheapest Available Heritage Apartments for Rent

 

The cheapest available apartment rental in the Heritage area of Indianapolis, IN is a 2 Beds unit found at The Row Apartments priced from $1,299. Lakeview Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,300. Here are the most affordable Heritage apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Row ApartmentsThe Picket2BR,1BA$1,299
Lakeview ApartmentsB12BR,1BA$1,300
Brixin FranklinD1r3BR,2BA$1,499

Best Value Apartments for Rent in Heritage, IN

As of July 13, 2025 the best value apartment in the Heritage area is the $1.13 price per square foot D1r Model at Brixin Franklin in the in the Cityview Farm neighborhood starting from $1,499. The second greatest value Heritage apartment is the The Picket Model at The Row Apartments starting at $1,299 with a $1.53 price per square foot in the Cityview Farm neighborhood. Here is today’s list of the best values for Heritage apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brixin FranklinD1r3BR,2BA$1.13
The Row ApartmentsThe Picket2BR,1BA$1.53
Lakeview ApartmentsB12BR,1BA$1.67

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Heritage, Franklin, IN

Ranked #1

Among neighborhoods in Franklin, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Heritage Neighborhood in Franklin, IN

Walk Score®

9 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Heritage Apartments

What is the lowest price for a Cheap Two Bedroom Heritage Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Heritage is starting from $1,299 at The Row Apartments.

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.