
Apartments for Rent in the South Franklin Neighborhood of Indianapolis, IN (62 Rentals) Page 2 of 2


5739 Ensenada Ave

5505 Straw Hat Dr

Arlington Farms

Brixton

Crossroads at Southport
Neighborhood & Market Insights: How to Choose the Right Area to Rent
Master your search for the perfect apartment. Location is everything. Discover how to leverage community insights, public data, and personal visits to make a fully informed decision about where to rent.

Southern Meadows

Parks at Glen Ridge by Pyatt Builders

7849 Ithaca Way

Rosegate Commons Garden Homes

Heathmoore - Indianapolis

Farhill Lake Apartments
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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 | $1,330 | $1,320 | $1,340 |
| South Franklin 1 Bedroom Apartments | $1,252 | $938 | $1,921 |
| South Franklin 2 Bedroom Apartments | $1,563 | $991 | $2,349 |
| South Franklin 3 Bedroom Apartments | $1,906 | $1,545 | $5,433 |
| South Franklin 4 Bedroom Apartments | $2,008 | $2,008 | $2,008 |
How much does it cost to rent a home in South Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 3 Bedroom Homes | $1,950 | $1,370 | $2,600 |
| 4 Bedroom Homes | $2,391 | $1,645 | $4,950 |
Browse Apartments in this Neighborhood
There are currently 62 rentals with your search options within a 2 mile radius of the South Franklin Neighborhood of Indianapolis, IN.
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Frequently Asked Questions about South Franklin
What is the current pricing and availability for apartments for rent in the South Franklin area of Indianapolis, IN?
As of today, September 18, 2026, there are currently 62 available South Franklin apartments priced from $938 to $5,433, with an average monthly rent of $1,554.
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 $938 to $1,921 with an average monthly rent of $1,252.
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 $991 to $2,349. Today's average rental price for Two Bedrooms here is $1,563.
How expensive are South Franklin Three Bedroom Apartments?
There are currently 8 Three Bedroom Apartments listings available in South Franklin on ApartmentHomeLiving.com. The pricing ranges from $1,545 to $5,433 - averaging $1,906 for the location.
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

Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
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My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
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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.

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.
Articles, How-To's, and Tips

How Commercial-to-Residential Property Conversions Help the Housing Crisis
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Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.