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$715 - $1,150Studio to 2 Bedroom Apartments Available Now
Serenity Manor 55+ Independent Active Living
1123 N Edmondson AveIndianapolis, IN 46219
Cheap Apartments for Rent in the South Franklin Avenue Neighborhood of Indianapolis, IN from $400 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Franklin Avenue area of Indianapolis.
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$744 - $1,5131 to 2 Bedroom Apartments Available Now
Indy Town Apartments
6046 E 21st StIndianapolis, IN 46219
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$775 - $8252 Bedroom Apartments Available Now
The Aerie on 11th Street
6240 E 11th StIndianapolis, IN 46219
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$780 - $925Studio to 2 Bedroom Apartments Available Now
Olivewood
2091 Olivewood DrIndianapolis, IN 46219
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Studio to 2 Bedroom Apartments
SUITES OF IRVINGTON
5730 E Washington StIndianapolis, IN 46219
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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1 to 2 Bedroom Apartments
Arlington Terrace Apartments
5931 E 12th StIndianapolis, IN 46219
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Studio to 2 Bedroom Apartments
D&T Nest
5824 E Washington StIndianapolis, IN 46219
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Studio to 4 Bedroom Apartments
Historic Audubon Court
5703 E Washington StIndianapolis, IN 46219
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The Jeffersonian Apartments Of Indianapolis
801 N Shortridge RdIndianapolis, IN 46219
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1 to 2 Bedroom Apartments
Live in Style at Bellagio East Living I
7036 E 10th StIndianapolis, IN 46219
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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1 to 2 Bedroom Apartments
Reserves at Warren Park
9136 E 10th StIndianapolis, IN 46229
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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 | $923 | $715 | $1,250 |
| South Franklin Avenue 1 Bedroom Apartments | $1,017 | $749 | $1,440 |
| South Franklin Avenue 2 Bedroom Apartments | $1,111 | $795 | $1,881 |
| South Franklin Avenue 3 Bedroom Apartments | $1,537 | $970 | $1,761 |
| South Franklin Avenue 4 Bedroom Apartments | $1,950 | $1,950 | $1,950 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the South Franklin Avenue Neighborhood of Indianapolis, IN.
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Cheapest Available South Franklin Avenue Apartments for Rent
The cheapest available apartment rental in the South Franklin Avenue area of Indianapolis, IN is a Studio unit found at D&T Nest priced from $575. Serenity Manor 55+ Independent Active Living has the second lowest priced unit, which is a Studio apartment currently listed from $715. Here are the most affordable South Franklin Avenue apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| D&T Nest | 0 Bedroom 1 Bath - 23033 | Studio,1BA | $575 |
| Serenity Manor 55+ Independent Active Living | Studio | Studio,1BA | $715 |
| Indy Town Apartments | Greenway 1 bedroom | 1BR,1BA | $775 |
| The Aerie on 11th Street | 2 Bedroom 1 Bath - 41454 | 2BR,1BA | $775 |
| Olivewood | Studio | Studio,1BA | $780 |
Best Value Apartments for Rent in South Franklin Avenue, IN
As of March 14, 2026 the best value apartment in the South Franklin Avenue area is the $1.02 price per square foot The Estate - Two Bedroom 1.5 Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,249. The second greatest value South Franklin Avenue apartment is the 7302 East Washington Street Model at 7302 East Washington Street, Unit A starting at $1,250 with a $1.04 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for South Franklin Avenue apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Paragon Park | The Estate - Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.02 |
| 7302 East Washington Street, Unit A | 7302 East Washington Street | Studio ,1.5BA | $1.04 |
| 60 - ADDISON APARTMENTS | 2nd Floor Standard + W/D Hookups | 2BR,1BA | $0.95 |
| School 85 | A | 1BR,1BA | $1.21 |
| The Aerie on 11th Street | 2 Bedroom 1 Bath - 41454 | 2BR,1BA | $0.87 |
| Wyndham Hall Senior | 1 Bedroom 1 Bath | 1BR,1BA | $1.40 |
| English Village Apartments | Premium Two Bedroom Apartment Home | 2BR,1BA | $1.49 |
| Indy Town Apartments | Greenway 1 bedroom | 1BR,1BA | $1.17 |
| Serenity Manor 55+ Independent Active Living | Studio | Studio ,1BA | $1.19 |
| 50 - SAXONY COURT APARTMENTS | 1BD - New Floors | 1BR,1BA | $1.50 |
Frequently Asked Questions about Cheap South Franklin Avenue Apartments
What is the Cheapest Studio apartment in South Franklin Avenue?
Currently the most affordable Cheap Studio Apartment in South Franklin Avenue is at D&T Nest listed at $575.
How much is rent for a Cheap One Bedroom South Franklin Avenue Apartment?
The lowest price for a Cheap One Bedroom South Franklin Avenue Apartment is $755 at Serenity Manor 55+ Independent Active Living.
What is the lowest price for a Cheap Two Bedroom South Franklin Avenue Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in South Franklin Avenue is starting from $775 at The Aerie on 11th Street.
What is the most affordable South Franklin Avenue Three Bedroom Apartment?
The best deal on a cheap South Franklin Avenue Three Bedroom Apartment rental is at Braeburn Village and starts from $1,178.
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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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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Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.