5963 Rawles Ave
IndianapolisIN46219
Cheap Homes for Rent in South Franklin Avenue Neighborhood of Indianapolis, IN from $700 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the South Franklin Avenue area of Indianapolis.
6228 East 21st St
IndianapolisIN46219
6226 East 21st St
IndianapolisIN46219
6264 Eastridge Dr
IndianapolisIN46219
6056 E 16th 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.
6054 E 16th St
IndianapolisIN46219
6062 E 16th St
IndianapolisIN46219
6056 E 16th St
IndianapolisIN46219
6062 E 16th St
IndianapolisIN46219
6207 E 12th St, Unit 6209
6207 E 12th 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.
1434 N Campbell Ave
IndianapolisIN46219
1258 N Ridgeview Dr
IndianapolisIN46219
2114 N Kenyon St
IndianapolisIN46219
2125 N Kenyon St
IndianapolisIN46219
2114 N Kitley 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.
2115 N Kenyon St
IndianapolisIN46219
136 S Webster Ave
IndianapolisIN46219
Showing Results 1-17, Page 1 of 1
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 | $999 | $775 | $1,475 |
| South Franklin Avenue 3 Bedroom Homes for Rent | $1,507 | $1,199 | $1,850 |
| South Franklin Avenue 4 Bedroom Homes for Rent | $1,892 | $1,630 | $2,190 |
Browse Homes for Rent in this Neighborhood
There are currently 17 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
- Nearby Indianapolis neighborhoods
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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 Serenity Manor 55+ Independent Active Living priced from $715. Olivewood has the second lowest priced unit, which is a Studio apartment currently listed from $719. Here are the most affordable South Franklin Avenue apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Serenity Manor 55+ Independent Active Living | Studio | Studio,1BA | $715 |
| Olivewood | Studio | Studio,1BA | $719 |
| Stonehenge | Studio | Studio,1BA | $749 |
| The Aerie on 11th Street | 2 Bedroom 1 Bath - 20349 | 2BR,1BA | $775 |
| Indy Town Apartments | Greenway 1 bedroom | 1BR,1BA | $795 |
Best Value Apartments for Rent in South Franklin Avenue, IN
As of December 29, 2025 the best value apartment in the South Franklin Avenue area is the $0.94 price per square foot Two Bedroom One Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,149. 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 | Two Bedroom One Bath | 2BR,1BA | $0.94 |
| 7302 East Washington Street, Unit A | 7302 East Washington Street | Studio ,1.5BA | $1.04 |
| 60 - ADDISON APARTMENTS | Leasing Specials | 2BR,1BA | $0.95 |
| The Vistas Apartment Homes | 2x1,5 Townhome Classic | 2BR,1.5BA | $1.10 |
| The Aerie on 11th Street | 2 Bedroom 1 Bath - 20349 | 2BR,1BA | $0.87 |
| Wyndham Hall Senior | 1 Bed, 1 bath | 1BR,1BA | $1.40 |
| 50 - SAXONY COURT APARTMENTS | Saxony Court- Two Bedroom Upgraded Unit in the ... | 2BR,1BA | $1.15 |
| Serenity Manor 55+ Independent Active Living | 1 Bedroom/1 Bathroom | 1BR,1BA | $1.22 |
| Indy Town Apartments | Greenway 1 bedroom | 1BR,1BA | $1.20 |
| Parkhaven Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.52 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleSouth Franklin Avenue, Indianapolis, IN
Ranked #211
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about South Franklin Avenue
What type of rentals are currently available in South Franklin Avenue?
There are currently 50 Apartments for Rent in South Franklin Avenue, IN with pricing that ranges from $715 to $2,100. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Franklin Avenue ranging from $725 to $2,190.
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 $725 to $2,190 with an average monthly rent of $1,302.
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 $1,521 to $1,711, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,199 to $1,850. Four Bedroom Single-Family rentals are also available starting from $1,630 and Four Bedroom Apartments start at $2,100.
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!