
Luxury Apartments for Rent in the South Franklin Neighborhood of Indianapolis, IN (9 Rentals)
The most luxurious Apartments in the South Franklin area of Indianapolis with high-end amenities, features, and finishes.


Latitudes Apartments

Overlook at Valley Ridge Apartments

6802 Harriet Dr
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

5847 Sly Fox Ln

8243 Retreat Ln

9216 Novak Ct

5769 Woodland Trace Blvd
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.

6010 Rockdell Dr
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 | $1,443 | $1,037 | $2,795 |
South Franklin 2 Bedroom Apartments | $1,605 | $1,112 | $2,922 |
South Franklin 3 Bedroom Apartments | $2,037 | $1,575 | $3,834 |
South Franklin 4 Bedroom Apartments | $2,508 | $2,080 | $3,220 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the South Franklin Neighborhood of Indianapolis, IN.
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South Franklin, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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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.
Pet Friendly LifestyleSouth Franklin, Indianapolis, IN
Ranked #129
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in South Franklin, Indianapolis, IN
Lillie Idella Kitley Elementary
Franklin Central High School
Franklin Central Junior High
School data provided by Great Schools
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 South Franklin
How much are Studio apartments in South Franklin?
There are currently 3 Studio Apartments in South Franklin with rent ranges from $1,370 to $1,390 with an average price of $1,376.
What is the current price range for One Bedroom South Franklin Apartments for rent?
Today's rental pricing for One Bedroom Apartments in South Franklin ranges from $1,037 to $2,795 with an average monthly rent of $1,443.
What does renting a Two Bedroom Apartment in South Franklin cost?
The monthly rent prices of Two Bedroom Apartments currently available in South Franklin range from $1,112 to $2,922. Today's average rental price for Two Bedrooms here is $1,605.
How expensive are South Franklin Three Bedroom Apartments?
There are currently 11 Three Bedroom Apartments listings available in South Franklin on ApartmentHomeLiving.com. The pricing ranges from $1,575 to $3,834 - averaging $2,037 for the location.
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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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.