
Cheap 2 Bedroom Apartments for Rent in the South Franklin Avenue Neighborhood of Indianapolis, IN from $825 (24 Rentals)


Arlington Green (Indy Town)

9130 E 10th St

The Vistas Apartment Homes

Serenity Manor 55+ Independent Active Living

English Village Apartments

Stonehenge

Parkhaven Apartment Homes
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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.

Total Monthly Price
Indy 7925

Arlington Terrace Apartments

The Jeffersonian Apartments Of Indianapolis

SUITES OF IRVINGTON

The Aerie on 11th Street

Historic Audubon Court

Reserves at Warren Park

Saxony Court
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Abbey Meadows

60 - ADDISON APARTMENTS

Charleston East Apartments

1450 N Campbell Ave

Braeburn Village

6203 E 11th St

1213 Taylor Dr E

Eastgate Terrace Apartments
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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 | $778 | $595 | $1,250 |
| South Franklin Avenue 1 Bedroom Apartments | $992 | $717 | $1,360 |
South Franklin Avenue 2 Bedroom Apartments | $1,157 | $825 | $1,825 |
| South Franklin Avenue 3 Bedroom Apartments | $1,625 | $1,295 | $1,773 |
| South Franklin Avenue 4 Bedroom Apartments | $1,775 | $1,775 | $1,775 |
Explore Indianapolis
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 $975.
What is the price of a cheap apartment in South Franklin Avenue?
The cheapest apartment in South Franklin Avenue is Arlington Green (Indy Town) which is listed at $855, while the average apartment in South Franklin Avenue costs $1,775.
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 7 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 $350 which is $1,425 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

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.

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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.

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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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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.

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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.

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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.