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$1,878 - $2,8822 Bedroom Apartments Available Now
Redwood Indianapolis
7925 Carlington RdIndianapolis, IN 46237
Apartments for Rent in the South Franklin Neighborhood of Indianapolis, IN (60 Rentals)
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$1,280 - $1,8501 to 3 Bedroom Apartments Available Now
Lakes of Windsor
7251 Windsor Lakes DrIndianapolis, IN 46237
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$1,320 - $2,058Studio to 3 Bedroom Apartments Available Now
ARLO Apartments
5945 Arlo DrIndianapolis, IN 46237
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$938 - $1,3201 to 2 Bedroom Apartments Available Now
Emerson Village
5140 Emerson Village PlIndianapolis, IN 46237
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$1,025 - $1,8171 to 2 Bedroom Apartments Available Now
Keeneland Crest Apartments
8401 Boggs Creek DrIndianapolis, IN 46237
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$1,083 - $5,2211 to 3 Bedroom Apartments Available Now
Overlook at Valley Ridge Apartments
6810 Valley Ridge DrIndianapolis, IN 46237
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$1,233 - $2,9621 to 3 Bedroom Apartments Available Now
Latitudes Apartments
8940 Latitudes DrIndianapolis, IN 46237
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$1,121 - $1,6871 to 4 Bedroom Apartments Contact Us For Availability
Kinwood Place
4901 S Emerson AveIndianapolis, IN 46203
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Contact Us For Pricing2 to 3 Bedroom Apartments Contact Us For Availability
Coventry Park Village
5500 S Emerson AveIndianapolis, IN 46237
7348 Deerberg Dr
IndianapolisIN46259
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.
5222 Waterton Lakes Dr
IndianapolisIN46237
10718 Pavilion Dr
IndianapolisIN46259
5530 Wood Hollow Dr
IndianapolisIN46239
5611 Olive Branch Way
IndianapolisIN46237
5223 Padre Ln
IndianapolisIN46237
5635 Olive Branch Way
IndianapolisIN46237
5426 Basin Park Dr
IndianapolisIN46239
5236 Choctaw Ridge Way
IndianapolisIN46239
7161 Lakeland Trails Blvd
IndianapolisIN46259
4827 Lakestone Dr
IndianapolisIN46237
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
6803 Amber Springs Way
IndianapolisIN46237
6612 Smithfield Dr
IndianapolisIN46237
6804 Smithfield Blvd
IndianapolisIN46237
6802 Harriet Dr
IndianapolisIN46237
5844 Timberlake Blvd
IndianapolisIN46237
8644 Hornady Dr
IndianapolisIN46239
7921 Crackling Ln
IndianapolisIN46259
8636 E Edgewood Ave
IndianapolisIN46239
8119 Rambling Rd
IndianapolisIN46239
6314 Whitaker Farms Dr
IndianapolisIN46237
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
7203 Tresa Dr
IndianapolisIN46239
5769 Woodland Trace Blvd
IndianapolisIN46237
5719 Wood Hollow Dr
IndianapolisIN46239
7646 Muirfield Ct
IndianapolisIN46237
6726 Aviva Way
IndianapolisIN46237
5373 Padre Ln
IndianapolisIN46237
5439 Durango Ct
IndianapolisIN46237
7348 Deerberg Dr
IndianapolisIN46259
7717 Long Branch Dr
IndianapolisIN46259
8039 Retreat Ln
IndianapolisIN46259
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!
8636 E Edgewood Ave
IndianapolisIN46239
6745 Ennis Way
IndianapolisIN46237
5639 Wood Hollow Dr
IndianapolisIN46239
6521 Southern Ridge Dr
IndianapolisIN46237
9203 Hemingway Dr
IndianapolisIN46239
5730 Fire Opal Wy
IndianapolisIN46239
7703 Janel Ct
IndianapolisIN46237
7123 Dublin Ln
IndianapolisIN46239
9237 Kavanaugh Dr
IndianapolisIN46239
5037 Modernist Blvd
IndianapolisIN46237
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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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 | $1,340 | $1,320 | $1,360 |
| South Franklin 1 Bedroom Apartments | $1,251 | $938 | $1,868 |
| South Franklin 2 Bedroom Apartments | $1,545 | $991 | $2,443 |
| South Franklin 3 Bedroom Apartments | $1,803 | $1,523 | $2,058 |
| South Franklin 4 Bedroom Apartments | $1,687 | $1,687 | $1,687 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
How much does it cost to rent a home in South Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 2 Bedroom Homes | $1,800 | $1,800 | $1,800 |
| 3 Bedroom Homes | $1,941 | $1,470 | $2,695 |
| 4 Bedroom Homes | $2,611 | $2,070 | $4,950 |
| 5 Bedroom Homes | $2,573 | $2,050 | $3,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 60 rentals with your search options within a 2 mile radius of the South Franklin Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
South Franklin, Indianapolis, IN Local Guide
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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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Tour smarter and choose with confidence. Get the essential 18 questions that reveal the truth about a rental property's maintenance, utilities, and safety.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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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Best Local Schools in South Franklin, Indianapolis, IN
Lillie Idella Kitley Elementary
Franklin Township Com Sch Corp
Public School - Grades K-5 (1178)
4 out of 10
Franklin Central High School
Franklin Township Com Sch Corp
Public School - Grades 9-12 (3438)
9 out of 10
Franklin Central Junior High
Franklin Township Com Sch Corp
Public School - Grades 6-8 (1797)
7 out of 10
School data provided by Great Schools
Frequently Asked Questions about South Franklin
What is the current pricing and availability for apartments for rent in the South Franklin area of Indianapolis, IN?
As of today, July 28, 2026, there are currently 60 available South Franklin apartments priced from $938 to $3,050, with an average monthly rent of $1,573.
What is the current price range for One Bedroom South Franklin Apartments for rent?
Today's rental pricing for One Bedroom Apartments in South Franklin ranges from $938 to $1,868 with an average monthly rent of $1,251.
What does renting a Two Bedroom Apartment in South Franklin cost?
The monthly rent prices of Two Bedroom Apartments currently available in South Franklin range from $991 to $2,443. Today's average rental price for Two Bedrooms here is $1,545.
How expensive are South Franklin Three Bedroom Apartments?
There are currently 8 Three Bedroom Apartments listings available in South Franklin on ApartmentHomeLiving.com. The pricing ranges from $1,523 to $2,058 - averaging $1,803 for the location.
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.
Helpful Local Expert Guides
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
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.
Articles, How-To's, and Tips
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.