1434 N Campbell Ave
IndianapolisIN46219
Cheap Homes for Rent in South Franklin Avenue Neighborhood of Indianapolis, IN from $800 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the South Franklin Avenue area of Indianapolis.
6209 E 12th St
IndianapolisIN46219
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6050 E 16th St
6050 E 16th StIndianapolis, IN 46219
6220 Eastridge Dr
IndianapolisIN46219
6203 E 11th St
IndianapolisIN46219
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.
6134 Nelson Pl
IndianapolisIN46219
2114 N Kitley Ave
IndianapolisIN46219
2115 N Kenyon St
IndianapolisIN46219
2114 N Kenyon St
IndianapolisIN46219
2125 N Kenyon St
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.
9207 E 12th St
IndianapolisIN46229
5834 E 20th St
IndianapolisIN46218
9045 E 18th St
IndianapolisIN46229
136 S Webster Ave
IndianapolisIN46219
1647 Justin Ave
IndianapolisIN46219
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
2107 N Kenyon St
IndianapolisIN46219
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South Franklin Avenue, Indianapolis, IN Local Guide
How much does it cost to rent a home in South Franklin Avenue?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Franklin Avenue 2 Bedroom Homes for Rent | $1,163 | $915 | $2,000 |
| South Franklin Avenue 3 Bedroom Homes for Rent | $1,580 | $1,095 | $2,060 |
| South Franklin Avenue 4 Bedroom Homes for Rent | $2,001 | $1,805 | $2,195 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 16 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 | $795 |
| Parkhaven Apartments | 1.1F | 1BR,1BA | $899 |
| The Vistas Apartment Homes | 2x1 Classic | 2BR,1BA | $899 |
Best Value Apartments for Rent in South Franklin Avenue, IN
As of February 23, 2026 the best value apartment in the South Franklin Avenue area is the $1.04 price per square foot 7302 East Washington Street Model at 7302 East Washington Street, Unit A in the in the Southeast Indianapolis neighborhood starting from $1,250. The second greatest value South Franklin Avenue apartment is the 2nd Floor Standard + W/D Hookups Model at 60 - ADDISON APARTMENTS starting at $945 with a $0.95 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. |
|---|---|---|---|
| 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 |
| The Vistas Apartment Homes | 2x1,5 Townhome Classic | 2BR,1.5BA | $1.10 |
| Indy 7925 | A1R- 1x1 | 1BR,1BA | $1.60 |
| Indy Town Apartments | Greenway 1 bedroom | 1BR,1BA | $1.20 |
| Parkhaven Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.52 |
| English Village Apartments | Premium One Bedroom Apartment Home | 1BR,1BA | $1.62 |
| Braeburn Village | 1X1M | 1BR,1BA | $1.63 |
| Serenity Manor 55+ Independent Active Living | Studio | Studio ,1BA | $1.19 |
| Stonehenge | One Bed One Bath | 1BR,1BA | $1.82 |
Frequently Asked Questions about South Franklin Avenue
What type of rentals are currently available in South Franklin Avenue?
There are currently 53 Apartments for Rent in South Franklin Avenue, IN with pricing that ranges from $715 to $1,950. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Franklin Avenue ranging from $895 to $2,195.
What is the current price range for Rental Homes in South Franklin Avenue?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Franklin Avenue ranges from $895 to $2,195 with an average monthly rent of $1,409.
How much are larger Three and Four Bedroom Rentals in South Franklin Avenue?
For those who are looking for larger living arrangements, Three Bedroom Apartments in South Franklin Avenue range from $1,539 to $1,761, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $2,060. Four Bedroom Single-Family rentals are also available starting from $1,805 and Four Bedroom Apartments start at $1,950.
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.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
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.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
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.
Articles, How-To's, and Tips
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
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
Written by: Bob Mallory
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.