Cheap Apartments for Rent in the Heritage Neighborhood of Franklin, IN from $800 (10 Rentals)

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

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$1,317 - $2,4971 to 3 Bedroom Apartments Available Now

Founders Pointe Apartments

7505 Founders WayFranklin, IN 46131

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$1,937 - $2,2003 Bedroom Apartments Available Now

The Links at Franklin

1902 Sawgrass DrFranklin, IN 46131

Furnished

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Smoke Free

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Rent Specials

$1,140 - $1,3351 to 3 Bedroom Apartments Available Now

Lakeview Apartments

1800 Lakeside DrFranklin, IN 46131

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3 Bedroom Apartments

150 S Main St

150 S Main StFranklin, IN 46131

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2 to 3 Bedroom Apartments

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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1 to 3 Bedroom Apartments

Franklin Place Apartments

1485 Franklin Place CtFranklin, IN 46131

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2 to 3 Bedroom Apartments

Brookfield Townhomes

1543-1578 Brookfield CirFranklin, IN 46131

Utilities Included

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1 to 3 Bedroom Apartments

City View Farm Apartments

1037 W Jefferson StFranklin, IN 46131

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2 to 4 Bedroom Apartments

Brixin Franklin

1600 Traditions CtFranklin, IN 46131

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1 to 2 Bedroom Apartments

Parkside Apartments

390 S Home AveFranklin, IN 46131

Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Showing Results 1-10, Page 1 of 1

Heritage, Franklin, IN Local Guide

Johnson County courthouse in Franklin by Mingusboodle is licensed under Public Domain

How much does it cost to rent an apartment in Heritage?

Bedroom	Average Rent	Cheapest Rent	Highest Rent
Heritage 1 Bedroom Apartments	$1,297	$1,140	$1,407
Heritage 2 Bedroom Apartments	$1,633	$1,265	$1,862
Heritage 3 Bedroom Apartments	$2,123	$1,899	$2,497

Browse Apartments in this Neighborhood

There are currently 10 rentals with your search options within a 3 mile radius of the Heritage Neighborhood of Franklin, IN.

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Heritage, Franklin, IN Local Guide

Nearby Franklin neighborhoods
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Cheapest Available Heritage Apartments for Rent

The cheapest available apartment rental in the Heritage area of Indianapolis, IN is a 1 Bed unit found at Lakeview Apartments priced from $1,140. The Row Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,249. Here are the most affordable Heritage apartments for rent in Indianapolis, IN:

Apartment Listing	Model Name	Bed/Bath	Priced From
Lakeview Apartments	A1	1BR,1BA	$1,140
The Row Apartments	The Picket	2BR,1BA	$1,249
Founders Pointe Apartments	Adams	1BR,1BA	$1,317

Best Value Apartments for Rent in Heritage, IN

As of May 06, 2026 the best value apartment in the Heritage area is the $1.20 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,937. The second greatest value Heritage apartment is the The Vantage Model at City View Farm Apartments starting at $1,450 with a $1.37 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 Listing	Model Name	Bed/Bath	Price Per Sq.Ft.
The Links at Franklin	L3	3BR,2BA	$1.20
City View Farm Apartments	The Vantage	2BR,2BA	$1.37
Brixin Franklin	C1r	2BR,2BA	$1.53
The Row Apartments	The Picket	2BR,1BA	$1.47
Founders Pointe Apartments	Adams	1BR,1BA	$1.70
Lakeview Apartments	A1	1BR,1BA	$1.77

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

Best Local Schools in
Heritage, Franklin, IN

Needham Elementary School

Franklin Community School Corp

Public School - Grades PK-5 (326)

6 out of 10

Franklin Community High School

Franklin Community School Corp

Public School - Grades 9-12 (1610)

6 out of 10

Franklin Community Middle School

Franklin Community School Corp

Public School - Grades 6-8 (759)

6 out of 10

School data provided by Great Schools

Frequently Asked Questions about Cheap Heritage Apartments

How much is rent for a Cheap One Bedroom Heritage Apartment?

The lowest price for a Cheap One Bedroom Heritage Apartment is $1,140 at Lakeview 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 $1,249 at The Row Apartments.

What is the most affordable Heritage Three Bedroom Apartment?

The best deal on a cheap Heritage Three Bedroom Apartment rental is at City View Farm Apartments and starts from $1,640.

Expert Rental Resources

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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