5507 Armstrong Dr
IndianapolisIN46237
Cheap Homes for Rent in South Franklin Neighborhood of Indianapolis, IN from $1,400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the South Franklin area of Indianapolis.
11644 Indian Crk S Rd
IndianapolisIN46259
5153 La Fleur Way
IndianapolisIN46237
8023 Pavilion Ct
IndianapolisIN46259
5530 Yucatan Dr
IndianapolisIN46237
8038 Retreat Ln
IndianapolisIN46259
4629 Plowman Dr
IndianapolisIN46237
5435 Floating Leaf Dr
IndianapolisIN46237
8351 Brambleberry Dr
IndianapolisIN46239
8048 Southern Trails Pl
IndianapolisIN46237
Showing Results 1-10, Page 1 of 1
South Franklin, Indianapolis, IN Local Guide
How much does it cost to rent a home in South Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Franklin 3 Bedroom Homes for Rent | $1,860 | $1,435 | $2,400 |
| South Franklin 4 Bedroom Homes for Rent | $2,213 | $1,450 | $4,500 |
| South Franklin 5 Bedroom Homes for Rent | $2,334 | $1,700 | $2,700 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available South Franklin Apartments for Rent
The cheapest available apartment rental in the South Franklin area of Indianapolis, IN is a Studio unit found at Heathmoore - Indianapolis priced from $675. Keeneland Crest Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,094. Here are the most affordable South Franklin apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heathmoore - Indianapolis | Studio 1 Bath | Studio,1BA | $675 |
| Keeneland Crest Apartments | Camden | 2BR,1BA | $1,094 |
| Emerson Village | The Ruby - Premium | 2BR,1BA | $1,122 |
Best Value Apartments for Rent in South Franklin, IN
As of September 08, 2025 the best value apartment in the South Franklin area is the $1.44 price per square foot 2 Bedroom 2.5 Bath Townhome Model at Coventry Park Village in the in the Southeast Indianapolis neighborhood starting from $1,925. The second greatest value South Franklin apartment is the The Pendulum 2 BR 2 BA Model at Latitudes Apartments starting at $1,485 with a $1.54 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for South Franklin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Coventry Park Village | 2 Bedroom 2.5 Bath Townhome | 2BR,2.5BA | $1.44 |
| Latitudes Apartments | The Pendulum 2 BR 2 BA | 2BR,2BA | $1.54 |
| Keeneland Crest Apartments | Classic | 1BR,1BA | $1.41 |
| Arlington Farms | 1 Bed, 1 Bath | 1BR,1BA | $1.70 |
| Lakes of Windsor | Chelsea | 1BR,1BA | $1.53 |
| Emerson Village | The Ruby - Premium | 2BR,1BA | $1.46 |
| The Brixton | The Ashby | 1BR,1BA | $1.77 |
| Alder Woods | Hemlock | 1BR,1BA | $1.99 |
| ARLO Apartments | Finn | Studio ,1BA | $2.09 |
| Heathmoore - Indianapolis | Studio 1 Bath | Studio ,1BA | $2.34 |
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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 Township Com Sch Corp
Public School - Grades K-5 (1125)
4 out of 10
Franklin Central High School
Franklin Township Com Sch Corp
Public School - Grades 9-12 (3319)
9 out of 10
Franklin Central Junior High
Franklin Township Com Sch Corp
Public School - Grades 7-8 (1711)
7 out of 10
School data provided by Great Schools
Frequently Asked Questions about South Franklin
What type of rentals are currently available in South Franklin?
There are currently 17 Apartments for Rent in South Franklin, IN with pricing that ranges from $675 to $4,347. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Franklin ranging from $1,435 to $4,500.
What is the current price range for Rental Homes in South Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Franklin ranges from $1,435 to $4,500 with an average monthly rent of $2,135.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.