
Apartments for Rent in the South Franklin Neighborhood of Indianapolis, IN (50 Rentals)


Redwood Indianapolis

Lakes of Windsor

Keeneland Crest Apartments

Overlook at Valley Ridge Apartments

Latitudes Apartments

Emerson Village

Kinwood Place

Coventry Park Village

5719 Wood Hollow Dr
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.

8039 Retreat Ln

7646 Muirfield Ct

8316 Crosser Dr

5742 Twin River Ln

10718 Pavilion Dr

5729 Ensenada Ave

5723 Ensenada Ave

6726 Aviva Way

5844 Timberlake Blvd

6723 Harvest Ridge Ct
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.

7352 Southern Lakes Dr

5624 Grassy Bank Dr

5606 Wood Hollow Dr

8130 Amble Way

5951 Brouse Dr

5439 Durango Ct

5330 Himalayan Dr

7260 Kidwell Dr

5602 Wild Horse Dr

8051 Little River Ln
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.

5309 Waterton Lakes Dr

6210 Carrie Cir

8234 Gathering Cir

10610 Crackling Dr

5334 Padre Ln

7975 Meadow Bend Cir

7703 Janel Ct

9237 Kavanaugh Dr

10166 Southeastern Ave

6037 Shallow Crk Ln
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!

5611 Olive Branch Way

5310 Shelbyville Rd

Arlington Farms

The Brixton

Crossroads at Southport

Parks at Glen Ridge by Pyatt Builders

7849 Ithaca Way

Alder Woods

Heathmoore - Indianapolis

Farhill Lake Apartments
Neighborhood & Market Insights: How to Choose the Right Area to Rent
Master your search for the perfect apartment. Location is everything. Discover how to leverage community insights, public data, and personal visits to make a fully informed decision about where to rent.
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 | $1,378 | $1,358 | $1,398 |
| South Franklin 1 Bedroom Apartments | $1,238 | $908 | $1,854 |
| South Franklin 2 Bedroom Apartments | $1,584 | $1,084 | $2,389 |
| South Franklin 3 Bedroom Apartments | $1,814 | $1,523 | $2,175 |
| South Franklin 4 Bedroom Apartments | $1,687 | $1,687 | $1,687 |
Browse Apartments in this Neighborhood
There are currently 50 rentals with your search options within a 2 mile radius of the South Franklin Neighborhood of Indianapolis, IN.
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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.
Read Article18 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.
Read ArticleQuick Rent Budget Calculator
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 South Franklin, Indianapolis, IN
Lillie Idella Kitley Elementary
Franklin Central High School
Franklin Central Junior High
School data provided by Great Schools
Frequently Asked Questions about South Franklin
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 $908 to $1,854 with an average monthly rent of $1,238.
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 $1,084 to $2,389. Today's average rental price for Two Bedrooms here is $1,584.
How expensive are South Franklin Three Bedroom Apartments?
There are currently 12 Three Bedroom Apartments listings available in South Franklin on ApartmentHomeLiving.com. The pricing ranges from $1,523 to $2,175 - averaging $1,814 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

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.

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.

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.

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.
Articles, How-To's, and Tips

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.