Apartments for Rent in the Thirty-Eighth & Franklin Neighborhood of Indianapolis, IN Under $1,500 (54 Rentals)

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 3901 Chateau Dr

3901 Chateau Dr

IndianapolisIN46226
property at 3926 Malibu Dr

3926 Malibu Dr

IndianapolisIN46226

Thirty-Eighth & Franklin - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Lawrence Glen
1 to 2 Bedroom Apartments

Lawrence Glen

8633 E 46th StIndianapolis, IN 46226
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Maison Gardens
1 to 3 Bedroom Apartments

Maison Gardens

8808 Rue Madeleine RueIndianapolis, IN 46226
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Cavalier Court
1 to 3 Bedroom Apartments

Cavalier Court

9108 E 38th PlIndianapolis, IN 46235
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Thirty-Eighth & Franklin, Indianapolis, IN Local Guide

Quick 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.

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Frequently Asked Questions about Thirty-Eighth & Franklin

How much are Studio apartments in Thirty-Eighth & Franklin?

There are currently 9 Studio Apartments in Thirty-Eighth & Franklin with rent ranges from $641 to $1,619 with an average price of $887.

What is the current price range for One Bedroom Thirty-Eighth & Franklin Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Thirty-Eighth & Franklin ranges from $710 to $2,137 with an average monthly rent of $1,197.

What does renting a Two Bedroom Apartment in Thirty-Eighth & Franklin cost?

The monthly rent prices of Two Bedroom Apartments currently available in Thirty-Eighth & Franklin range from $842 to $2,708. Today's average rental price for Two Bedrooms here is $1,369.

How expensive are Thirty-Eighth & Franklin Three Bedroom Apartments?

There are currently 22 Three Bedroom Apartments listings available in Thirty-Eighth & Franklin on ApartmentHomeLiving.com. The pricing ranges from $1,225 to $2,968 - averaging $1,685 for the location.

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.