
Apartments for Rent with Specials in the South Franklin Neighborhood of Indianapolis, IN (6 Rentals)
Apartments in the South Franklin area of Indianapolis with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.


Redwood Indianapolis

Coventry Park Village
Cash 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.

5333 Padre Ln

5108 Thompson Park Blvd

Arlington Farms
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.
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 | $1,245 | $780 | $1,360 |
| South Franklin 1 Bedroom Apartments | $1,247 | $1,002 | $2,300 |
| South Franklin 2 Bedroom Apartments | $1,555 | $1,030 | $2,515 |
| South Franklin 3 Bedroom Apartments | $1,782 | $1,503 | $2,080 |
| South Franklin 4 Bedroom Apartments | $1,687 | $1,687 | $1,687 |
Browse Apartments in this Neighborhood
There are currently 6 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
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Top Indianapolis Apartments in the South Franklin Area with Move-In Specials Ending Soon
Specials updated: 12-04-2025Take advantage of these move-in and rent specials that are ending soon for top South Franklin, IN apartments. Act fast and don’t miss out on an incredible deal on your perfect new place!
Redwood Indianapolis
Get $750 off at move-in! Restrictions apply. Contact our team for more info.Expires 12-05-2025
Coventry Park Village
Lease one of our beautiful two-bedroom townhome before 11.30.2025 and receive $175 off each month on a 12-month lease; tat's an annual savings of $2,100!Expires 12-05-2025
ARLO Apartments
Apply and move in by 12/30/2025 with a 12-month lease to receive $1000.00 off your first full month of rent!Expires 12-05-2025
Arlington Farms
Move into a 3-bedroom home by November 15th and get 2 Months FREE Rent! Plus, ask about exclusive specials on our 1 & 2-bedroom apartments. Contact us to learn more! *Conditions apply. Select Units only.Expires 12-05-2025
Newly Listed Move-In Specials offers for Apartments in South Franklin, IN
Specials updated: 12-04-2025Here are the most recently added special offers for renters looking to find the best deals on apartments in South Franklin, IN. Be sure to take advantage of some of the area’s top offers.
Redwood Indianapolis
Get $750 off at move-in! Restrictions apply. Contact our team for more info.Expires 12-05-2025
Coventry Park Village
Lease one of our beautiful two-bedroom townhome before 11.30.2025 and receive $175 off each month on a 12-month lease; tat's an annual savings of $2,100!Expires 12-05-2025
ARLO Apartments
Apply and move in by 12/30/2025 with a 12-month lease to receive $1000.00 off your first full month of rent!Expires 12-05-2025
Arlington Farms
Move into a 3-bedroom home by November 15th and get 2 Months FREE Rent! Plus, ask about exclusive specials on our 1 & 2-bedroom apartments. Contact us to learn more! *Conditions apply. Select Units only.Expires 12-05-2025
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 ArticleThe 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 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
Read ArticleQuick 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 #178
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet 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®
36 / 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 Rent Specials South Franklin Apartments
What is the Cheapest Rent Specials apartment in South Franklin?
Currently the most affordable Rent Specials Apartment in South Franklin is at ARLO Apartments listed at $1,340.
How much is the average rent for a Rent Specials South Franklin Apartment?
The average rent for a Rent Specials Apartment in South Franklin is $1,922.
What is the largest Rent Specials South Franklin Apartment for rent?
Today's Rent Specials apartment with the most square footage in South Franklin is a 1,709 square feet unit starting from $1,774 at Redwood Indianapolis.
What is the average size for South Franklin Rent Specials Apartments for rent?
The average size for a Rent Specials rental in South Franklin is currently at 948 sq ft.
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.

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!