Cheap Homes for Rent in South Franklin Avenue Neighborhood of Indianapolis, IN from $600 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in the South Franklin Avenue area of Indianapolis.

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South Franklin Avenue, Indianapolis, IN Local Guide

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. Olivewood has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here are the most affordable South Franklin Avenue apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Aerie on 11th Street6260 East 11th Street - Apt 3072BR,1BA$700
OlivewoodStudioStudio,1BA$825
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$875

Best Value Apartments for Rent in South Franklin Avenue, IN

As of June 12, 2025 the best value apartment in the South Franklin Avenue area is the $1.15 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,539. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Paragon ParkThree Bedroom Two Bath3BR,2BA$1.15
School 85Beautiful Renovated Historic Apartment - 2 bedr...2BR,2BA$1.24
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
The Life at Belhaven Place3 Bed 2 Bath3BR,2BA$1.18
60 - ADDISON APARTMENTS1st Floor Remodel + W/D Hookups2BR,1BA$0.95
Vistas Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1.09
The Aerie on 11th Street6260 East 11th Street - Apt 3052BR,1BA$0.82
Braeburn Village2X1-502BR,1BA$1.19
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$1.18
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$1.29

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Frequently Asked Questions about South Franklin Avenue

What type of rentals are currently available in South Franklin Avenue?

There are currently 61 Apartments for Rent in South Franklin Avenue, IN with pricing that ranges from $400 to $2,315. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Franklin Avenue ranging from $625 to $2,450.

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 $625 to $2,450 with an average monthly rent of $1,231.

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.

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