3901 Chateau Dr
IndianapolisIN46226
Cheap Homes for Rent in Thirty-Eighth & Franklin Neighborhood of Indianapolis, IN from $1,100 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Thirty-Eighth & Franklin area of Indianapolis.
3719 Celtic Dr
IndianapolisIN46235
3626 Ireland Ct
IndianapolisIN46235
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.
8504 E 42nd Pl
IndianapolisIN46226
3619 Ireland Dr
IndianapolisIN46235
8838 Frontenac Rd
IndianapolisIN46226
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.
Showing Results 1-6, Page 1 of 1
Thirty-Eighth & Franklin, Indianapolis, IN Local Guide
How much does it cost to rent a home in Thirty-Eighth & Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Thirty-Eighth & Franklin 3 Bedroom Homes for Rent | $1,395 | $1,195 | $1,750 |
| Thirty-Eighth & Franklin 4 Bedroom Homes for Rent | $1,557 | $1,399 | $1,655 |
| Thirty-Eighth & Franklin 5 Bedroom Homes for Rent | $2,695 | $2,695 | $2,695 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Thirty-Eighth & Franklin Neighborhood of Indianapolis, IN.
Explore Indianapolis
Thirty-Eighth & Franklin, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Thirty-Eighth & Franklin Apartments for Rent
The cheapest available apartment rental in the Thirty-Eighth & Franklin area of Indianapolis, IN is a 1 Bed unit found at Indy Town Apartments priced from $710. Franklin Studios has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Thirty-Eighth & Franklin apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Indy Town Apartments | Arlington Green 1 bedroom | 1BR,1BA | $710 |
| Franklin Studios | Studio | Studio,1BA | $725 |
| Autumn Trails Apartments | The Maple | Studio,1BA | $749 |
Best Value Apartments for Rent in Thirty-Eighth & Franklin, IN
As of July 15, 2025 the best value apartment in the Thirty-Eighth & Franklin area is the $1.15 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,539. The second greatest value Thirty-Eighth & Franklin apartment is the 3 Bedroom Townhome Empowerment Model at Carriage House East starting at $1,422 with a $1.29 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. |
|---|---|---|---|
| Paragon Park | Three Bedroom Two Bath | 3BR,2BA | $1.15 |
| Carriage House East | 3 Bedroom Townhome Empowerment | 3BR,1.5BA | $1.29 |
| Lenox Apartments | 2 Bed 2 Bath Apartment - Renovated | 2BR,2BA | $1.24 |
| Brookhaven Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.89 |
| Warren Harbor Apartments | The Walker | 2BR,2BA | $1.37 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| Reserve at Franklin Glen | 2BR2B- Reserve at Franklin Glen | 2BR,2BA | $1.31 |
| Prairies Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.25 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.19 |
| Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.29 |
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.
Let everyone know!
Do you know the Thirty-Eighth & Franklin area?
If you’re an expert on all things Thirty-Eighth & Franklin, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Thirty-Eighth & Franklin
What type of rentals are currently available in Thirty-Eighth & Franklin?
There are currently 54 Apartments for Rent in Thirty-Eighth & Franklin, IN with pricing that ranges from $707 to $4,500. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thirty-Eighth & Franklin ranging from $1,195 to $2,695.
What is the current price range for Rental Homes in Thirty-Eighth & Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Thirty-Eighth & Franklin ranges from $1,195 to $2,695 with an average monthly rent of $1,882.
How much are larger Three and Four Bedroom Rentals in Thirty-Eighth & Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Thirty-Eighth & Franklin range from $1,225 to $2,972, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $1,750. Four Bedroom Single-Family rentals are also available starting from $1,399 and Four Bedroom Apartments start at $1,800.
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.
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.
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.
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.