
1 Bedroom Apartments for Rent in the South Franklin Avenue Neighborhood of Indianapolis, IN (28 Rentals)


Serenity Manor 55+ Independent Senior Living

Stonehenge

Parkhaven Apartments
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.

Olivewood

24 S Galeston Ave

7051 E 11th St

6052 E Washington St

5951 Rawles Ave
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.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
South Franklin Avenue - 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!
South Franklin Avenue, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in South Franklin Avenue?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
South Franklin Avenue Studio Apartments | $910 | $790 | $1,250 |
South Franklin Avenue 1 Bedroom Apartments | $970 | $325 | $1,396 |
South Franklin Avenue 2 Bedroom Apartments | $1,266 | $700 | $2,235 |
South Franklin Avenue 3 Bedroom Apartments | $1,734 | $1,325 | $2,315 |
South Franklin Avenue 4 Bedroom Apartments | $2,045 | $1,845 | $2,245 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the South Franklin Avenue Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
South Franklin Avenue, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Largest Available South Franklin Avenue 1 Bedroom Apartments
The largest available 1 Bedroom apartment unit in the South Franklin Avenue area of Indianapolis, IN is found at School 85 and is listed at 961 square feet priced from $1,159. Here is today’s list of the largest available 2 Bedroom units in the area:
Apartment Listing | Model Name | Square Footage | Priced From |
---|---|---|---|
School 85 | Schoolhouse Flats in Irvington 1 bedroom Reserv... | 961 Sq Ft | $1,159 |
Indy 7925 | A1R- 1x1 | 706 Sq Ft | $1,396 |
Serenity Manor 55+ Independent Senior Living | 1 Bedroom/1 Bathroom | 656 Sq Ft | $965 |
Parkhaven Apartments | 1 Bedroom 1 Bath Apartment | 625 Sq Ft | $949 |
Olivewood | One Bed One Bath | 576 Sq Ft | $955 |
Cheapest Available South Franklin Avenue 1 Bedroom Apartments
Currently the lowest priced 1 Bedroom apartment unit South Franklin Avenue of Indianapolis, IN is the 1 Bedroom 1 Bath Apartment Model starting from $949 at Parkhaven Apartments. The average price for all 1 Bedroom apartments in South Franklin Avenue is currently $970. Here is today’s list of the cheapest available 1 Bedroom options in the area:
Apartment Listing | Model Name | Priced From |
---|---|---|
Parkhaven Apartments | 1 Bedroom 1 Bath Apartment | $949 |
Olivewood | One Bed One Bath | $955 |
Serenity Manor 55+ Independent Senior Living | 1 Bedroom/1 Bathroom | $965 |
School 85 | Schoolhouse Flats in Irvington 1 bedroom Reserv... | $1,159 |
Indy 7925 | A1R- 1x1 | $1,396 |
Quick 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.
Pet Friendly LifestyleSouth Franklin Avenue, Indianapolis, IN
Ranked #224
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about 1 Bedroom South Franklin Avenue Apartments
What is the Cheapest apartment in South Franklin Avenue with 1 Bedroom?
Currently the most affordable 1 Bedroom in South Franklin Avenue is at Parkhaven Apartments listed at $949.
How much is the average rent for a 1 Bedroom South Franklin Avenue Apartment?
The average rent for a 1 Bedroom Apartment in South Franklin Avenue is $970.
What is the largest available 1 Bedroom South Franklin Avenue Apartment for rent?
Today's apartment with the most square footage in South Franklin Avenue is a 961 square feet unit starting from $1,159 at School 85.
What is the average size for South Franklin Avenue 1 Bedroom Apartments for rent?
The average size for a 1 Bedroom rental in South Franklin Avenue is currently 1,720 sq ft.
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.

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.

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.

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.