close
View Me
from $9661 Bedroom Apartments Available Jan 17, 2026
Keeneland Crest Apartments
8401 Boggs Creek DrIndianapolis, IN 46237
Cheap 1 Bedroom Apartments for Rent in the South Franklin Neighborhood of Indianapolis, IN from $966 (7 Rentals)
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
close
View Me
from $1,0121 Bedroom Apartments Available Now
Emerson Village
5140 Emerson Village PlIndianapolis, IN 46237
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
close
View Me
from $1,0771 Bedroom Apartments Available Now
Overlook at Valley Ridge Apartments
6810 Valley Ridge DrIndianapolis, IN 46237
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
close
View Me
from $1,1951 Bedroom Apartments Available Jun 28
Alder Woods LLC
6806 E County Line RdIndianapolis, IN 46237
South Franklin - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
close
View Me
from $1,2001 Bedroom Apartments Available Jun 30
Lakes of Windsor
7251 Windsor Lakes DrIndianapolis, IN 46237
close
View Me
close
View Me
from $1,0521 Bedroom Apartments Contact Us For Availability
The Brixton
4929 Red Robin DrBeech Grove, IN 46107
Showing Results 1-7, Page 1 of 1
South Franklin, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in South Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Franklin Studio Apartments | $1,376 | $1,370 | $1,390 |
South Franklin 1 Bedroom Apartments | $1,399 | $966 | $2,818 |
| South Franklin 2 Bedroom Apartments | $1,584 | $1,056 | $2,834 |
| South Franklin 3 Bedroom Apartments | $2,108 | $1,584 | $3,949 |
| South Franklin 4 Bedroom Apartments | $2,523 | $2,040 | $3,220 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the South Franklin Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
South Franklin, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Quick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the South Franklin area?
If you’re an expert on all things South Franklin, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Getting Around the South Franklin Neighborhood in Indianapolis, IN
Walk Score®
29 / 100
Car-Dependent
Most errands require a car
Bike Score®
35 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
13 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap South Franklin Apartments
What is the Cheapest Studio apartment in South Franklin?
Currently the most affordable Cheap Studio Apartment in South Franklin is at Overlook at Valley Ridge Apartments listed at $1,077.
How much is rent for a Cheap One Bedroom South Franklin Apartment?
The lowest price for a Cheap One Bedroom South Franklin Apartment is $1,077 at Overlook at Valley Ridge Apartments.
What is the lowest price for a Cheap Two Bedroom South Franklin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in South Franklin is starting from $1,077 at Overlook at Valley Ridge Apartments.
What is the most affordable South Franklin Three Bedroom Apartment?
The best deal on a cheap South Franklin Three Bedroom Apartment rental is at Overlook at Valley Ridge Apartments and starts from $1,077.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.