
Cheap 2 Bedroom Apartments for Rent in the South Franklin Avenue Neighborhood of Indianapolis, IN from $836 (29 Rentals)


Reserves at Warren Park

1230 Taylor Dr W

6054 E 16th St

Braeburn Village

The Vistas Apartment Homes

Serenity Manor 55+ Active Adult
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English Village Apartments

501 S Arlington Ave

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Paragon Park

Wyndham Hall

7161 E Pleasant Run Pkwy S Dr, Unit 1

Arlington Terrace Apartments
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The Aerie on 11th Street

Historic Audubon Court

6205 E 12th St

1450 N Campbell Ave

Abbey Meadows
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60 - ADDISON APARTMENTS

Saxony Court

Charleston East Apartments

37 N Catherwood Ave

39 N Catherwood Ave

5819 Greenfield Ave

5936 Dewey Ave
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!

15 S Post Rd
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 | $835 | $659 | $1,250 |
| South Franklin Avenue 1 Bedroom Apartments | $993 | $730 | $1,397 |
South Franklin Avenue 2 Bedroom Apartments | $1,176 | $836 | $1,689 |
| South Franklin Avenue 3 Bedroom Apartments | $1,551 | $1,238 | $1,782 |
| South Franklin Avenue 4 Bedroom Apartments | $1,733 | $1,695 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the South Franklin Avenue Neighborhood of Indianapolis, IN.
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Frequently Asked Questions about Cheap South Franklin Avenue Apartments
What is a cheap apartment in South Franklin Avenue?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Franklin Avenue is under $989.
What is the price of a cheap apartment in South Franklin Avenue?
The cheapest apartment in South Franklin Avenue is Arlington Green which is listed at $811, while the average apartment in South Franklin Avenue costs $1,067.
What types of apartments are the cheapest in South Franklin Avenue?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 18 regular apartments in South Franklin Avenue that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in South Franklin Avenue?
Cheap apartments in South Franklin Avenue have an average cost of $249 which is $818 cheaper than the average rent for all rentals in South Franklin Avenue.
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

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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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.

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