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$769 - $9951 to 2 Bedroom Apartments Available Now
Serenity Park Apartments
9060 E 39th PlIndianapolis, IN 46235
Cheap Apartments for Rent in the Thirty-Eighth & Franklin Neighborhood of Indianapolis, IN from $500 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Thirty-Eighth & Franklin area of Indianapolis.
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$819 - $1,599Studio to 3 Bedroom Apartments Available Now
Harrison Point Apartments
9093 Bourbon StIndianapolis, IN 46235
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$925 - $1,1501 to 2 Bedroom Apartments Available Now
Apartments @ Marten Court
7852 Marten Ct SIndianapolis, IN 46226
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$1,292 - $1,6362 to 4 Bedroom Apartments Available Now
The Reserve at Franklin Glenn I LP
8016 Louisville DrIndianapolis, IN 46226
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$749 - $999Studio to 2 Bedroom Apartments Available Now
Autumn Trails Apartments
7975 Red Mill DrIndianapolis, IN 46226
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1 to 2 Bedroom Apartments
Lakes at Crossbridge
7925 Crossbridge DrIndianapolis, IN 46226
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1 to 3 Bedroom Apartments
Jamestowne Apartments
8917 Duxbury RdIndianapolis, IN 46226
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1 to 3 Bedroom Apartments
Maison Gardens
8808 Rue Madeleine RueIndianapolis, IN 46226
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Thirty-Eighth & Franklin, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Thirty-Eighth & Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thirty-Eighth & Franklin Studio Apartments | $805 | $749 | $819 |
| Thirty-Eighth & Franklin 1 Bedroom Apartments | $865 | $769 | $959 |
| Thirty-Eighth & Franklin 2 Bedroom Apartments | $1,195 | $899 | $1,299 |
| Thirty-Eighth & Franklin 3 Bedroom Apartments | $1,512 | $1,299 | $1,599 |
| Thirty-Eighth & Franklin 4 Bedroom Apartments | $1,636 | $1,636 | $1,636 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Thirty-Eighth & Franklin Neighborhood of Indianapolis, IN.
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Cheapest Available Thirty-Eighth & Franklin Apartments for Rent
The cheapest available apartment rental in the Thirty-Eighth & Franklin area of Indianapolis, IN is a Studio unit found at Autumn Trails Apartments priced from $749. Serenity Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $769. Here are the most affordable Thirty-Eighth & Franklin apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Autumn Trails Apartments | The Maple | Studio,1BA | $749 |
| Serenity Park Apartments | Serenity Park - Cozy, Convenient, and Priced Ri... | 1BR,1BA | $769 |
| Harrison Point Apartments | Pearl UPG | Studio,1BA | $819 |
Best Value Apartments for Rent in Thirty-Eighth & Franklin, IN
As of January 13, 2026 the best value apartment in the Thirty-Eighth & Franklin area is the $1.23 price per square foot 2x1 with washer/dryer Model at Apartments @ Marten Court in the in the Southeast Indianapolis neighborhood starting from $1,150. The second greatest value Thirty-Eighth & Franklin apartment is the Soon Available: Your Perfect Home Awaits Model at The Reserve at Franklin Glenn I LP starting at $1,292 with a $1.39 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Thirty-Eighth & Franklin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| The Reserve at Franklin Glenn I LP | Soon Available: Your Perfect Home Awaits | 2BR,2BA | $1.39 |
| Harrison Point Apartments | Ruby Reno | 2BR,1BA | $1.53 |
| Serenity Park Apartments | Serenity Park - Cozy, Convenient, and Priced Ri... | 1BR,1BA | $1.29 |
| Autumn Trails Apartments | The Maple | Studio ,1BA | $2.60 |
Frequently Asked Questions about Cheap Thirty-Eighth & Franklin Apartments
What is the price of a cheap apartment in Thirty-Eighth & Franklin?
The cheapest apartment in Thirty-Eighth & Franklin is Serenity Park Apartments which is listed at $769, while the average apartment in Thirty-Eighth & Franklin costs $1,636.
What types of apartments are the cheapest in Thirty-Eighth & Franklin?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Thirty-Eighth & Franklin that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Thirty-Eighth & Franklin?
Cheap apartments in Thirty-Eighth & Franklin have an average cost of $924 which is $712 cheaper than the average rent for all rentals in Thirty-Eighth & Franklin.
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.
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