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$700 - $7952 Bedroom Apartments Available Now
The Aerie on 11th Street
6240 E 11th StIndianapolis, IN 46219
Cheap Apartments for Rent in the South Franklin Avenue Neighborhood of Indianapolis, IN from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Franklin Avenue area of Indianapolis.
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$715 - $1,290Studio to 2 Bedroom Apartments Available Now
Serenity Manor 55+ Independent Active Living
1123 N Edmondson AveIndianapolis, IN 46219
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Rent Specials
$760 - $1,7611 to 2 Bedroom Apartments Available Now
Indy Town Apartments
6046 E 21st StIndianapolis, IN 46219
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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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6052 E Washington St
IndianapolisIN46219
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1 to 2 Bedroom Apartments
The Jeffersonian Apartments Of Indianapolis
801 N Shortridge RdIndianapolis, IN 46219
6234 Eastridge Dr
IndianapolisIN46219
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.
6238 Eastridge Dr
IndianapolisIN46219
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1 to 2 Bedroom Apartments
Live in Style at Bellagio East Living I
7036 E 10th StIndianapolis, IN 46219
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6228 East 21st St
IndianapolisIN46219
6226 East 21st St
IndianapolisIN46219
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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 | $978 | $715 | $1,250 |
| South Franklin Avenue 1 Bedroom Apartments | $1,063 | $760 | $1,296 |
| South Franklin Avenue 2 Bedroom Apartments | $1,150 | $795 | $1,610 |
| South Franklin Avenue 3 Bedroom Apartments | $1,586 | $1,240 | $1,752 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the South Franklin Avenue Neighborhood of Indianapolis, IN.
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South Franklin Avenue, Indianapolis, IN Local Guide
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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 2 Beds unit found at The Aerie on 11th Street priced from $700. 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 |
|---|---|---|---|
| The Aerie on 11th Street | 6240 East 11th Street - Apt 208 | 2BR,1BA | $700 |
| Serenity Manor 55+ Independent Active Living | Studio | Studio,1BA | $715 |
| Stonehenge | Studio | Studio,1BA | $849 |
| Indy Town Apartments | Frederick Square 2 bedroom | 2BR,1BA | $872 |
| 60 - ADDISON APARTMENTS | Leasing Specials | 2BR,1BA | $945 |
Best Value Apartments for Rent in South Franklin Avenue, IN
As of September 14, 2025 the best value apartment in the South Franklin Avenue area is the $1.04 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,399. The second greatest value South Franklin Avenue apartment is the Beautiful Renovated Historic Apartment - 2 bedr... Model at School 85 starting at $1,610 with a $1.24 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 | Three Bedroom Two Bath | 3BR,2BA | $1.04 |
| School 85 | Beautiful Renovated Historic Apartment - 2 bedr... | 2BR,2BA | $1.24 |
| Braeburn Village | 3X2.5 | 3BR,2.5BA | $1.43 |
| 7302 East Washington Street, Unit A | 7302 East Washington Street | Studio ,1.5BA | $1.04 |
| 60 - ADDISON APARTMENTS | Leasing Specials | 2BR,1BA | $0.95 |
| Indy Town Apartments | Frederick Square 2 bedroom | 2BR,1BA | $0.89 |
| The Vistas Apartment Homes | 2 Bedroom 1.5 Bath Townhouse | 2BR,1.5BA | $1.13 |
| The Aerie on 11th Street | 6220 E 11th St - Apt 311 | 2BR,1BA | $0.82 |
| 50 - SAXONY COURT APARTMENTS | Leasing Specials | 2BR,1BA | $1.28 |
| Serenity Manor 55+ Independent Active Living | 1 Bedroom/1 Bathroom | 1BR,1BA | $1.22 |
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Pet Friendly LifestyleSouth Franklin Avenue, Indianapolis, IN
Ranked #208
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 Serenity Manor 55+ Independent Active Living listed at $715.
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 $855 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 $700 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 Paragon Park and starts from $1,399.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.