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$794 - $1,0401 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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$959 - $1,5991 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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$1,2102 Bedroom Apartments Available Now
The Reserve at Franklin Glenn
8016 Louisville DrIndianapolis, IN 46226
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$925 - $1,5501 to 3 Bedroom Apartments Available Now
Jamestowne Apartments
8917 Duxbury RdIndianapolis, IN 46226
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Studio to 2 Bedroom Apartments
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
Maison Gardens Apartments
8808 Rue Madeleine RueIndianapolis, 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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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 1 Bedroom Apartments | $951 | $794 | $975 |
| Thirty-Eighth & Franklin 2 Bedroom Apartments | $1,118 | $969 | $1,299 |
| Thirty-Eighth & Franklin 3 Bedroom Apartments | $1,527 | $1,350 | $1,599 |
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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Thirty-Eighth & Franklin, Indianapolis, IN Local Guide
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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 2 Beds unit found at Postbrook East Apartments priced from $745. Maison Gardens Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $780. Here are the most affordable Thirty-Eighth & Franklin apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Postbrook East Apartments | 2bd TH Remodeled | 2BR,1BA | $745 |
| Maison Gardens Apartments | 2 BDR Remodeled | 2BR,1BA | $780 |
| Serenity Park Apartments | STOP SCROLLING — SERENITY PARK IS UNDER NEW MAN... | 1BR,1BA | $794 |
Best Value Apartments for Rent in Thirty-Eighth & Franklin, IN
As of July 15, 2026 the best value apartment in the Thirty-Eighth & Franklin area is the $1.07 price per square foot 3 bd F Remod Model at Postbrook East Apartments in the in the Southeast Indianapolis neighborhood starting from $1,180. The second greatest value Thirty-Eighth & Franklin apartment is the 2x1 with washer/dryer Model at Apartments @ Marten Court starting at $1,150 with a $1.23 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. |
|---|---|---|---|
| Postbrook East Apartments | 3 bd F Remod | 3BR,1BA | $1.07 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| The Reserve at Franklin Glenn | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| Harrison Point Apartments | Ruby Reno | 2BR,1BA | $1.53 |
| Jamestowne Apartments | Classic | 1BR,1BA | $1.31 |
| Serenity Park Apartments | STOP SCROLLING — SERENITY PARK IS UNDER NEW MAN... | 1BR,1BA | $1.33 |
| Maison Gardens Apartments | 1BD R | 1BR,1BA | $1.32 |
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.
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Your 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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.
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Pet Friendly LifestyleThirty-Eighth & Franklin, Indianapolis, IN
Ranked #76
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Thirty-Eighth & Franklin Apartments
How much is rent for a Cheap One Bedroom Thirty-Eighth & Franklin Apartment?
The lowest price for a Cheap One Bedroom Thirty-Eighth & Franklin Apartment is $785 at Maison Gardens Apartments.
What is the lowest price for a Cheap Two Bedroom Thirty-Eighth & Franklin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Thirty-Eighth & Franklin is starting from $745 at Postbrook East Apartments.
What is the most affordable Thirty-Eighth & Franklin Three Bedroom Apartment?
The best deal on a cheap Thirty-Eighth & Franklin Three Bedroom Apartment rental is at Maison Gardens Apartments and starts from $870.
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
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 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.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
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.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.