close
View Me
Cheap Homes for Rent in Thirty-Eighth & Franklin Neighborhood of Indianapolis, IN from $900 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Thirty-Eighth & Franklin area of Indianapolis.
3819 Biscayne Rd, Unit 1 Bedroom Townhome
3819 Biscayne Rd
IndianapolisIN46226
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.
4512 Payton Ave
LawrenceIN46226
3809 Biscayne Rd
IndianapolisIN46226
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.
Showing Results 1-4, 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 2 Bedroom Homes for Rent | $1,100 | $1,050 | $1,150 |
| Thirty-Eighth & Franklin 3 Bedroom Homes for Rent | $1,503 | $1,225 | $1,950 |
| Thirty-Eighth & Franklin 4 Bedroom Homes for Rent | $1,671 | $1,475 | $1,805 |
Browse Homes for Rent in this Neighborhood
There are currently 4 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
Best Value Apartments for Rent in Thirty-Eighth & Franklin, IN
As of October 28, 2025 the best value apartment in the Thirty-Eighth & Franklin area is the $1.12 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,499. The second greatest value Thirty-Eighth & Franklin apartment is the 2 Bed 1 Bath Model at Brookhaven Apartments starting at $1,075 with a $0.91 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 | $1.12 |
| Brookhaven Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.91 |
| Lawrence Landing | Two Bedroom | 2BR,1.5BA | $1.03 |
| The Life at Harrison Trails | 2 BED 1.5 BATH | 2BR,1.5BA | $1.19 |
| Warren Harbor Apartments | The Walker | 2BR,2BA | $1.32 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.15 |
| Bristol Square | 1 Bedroom Loft | 1BR,1.5BA | $1.06 |
| The Lenox Apartment Homes | 1 Bed 1 Bath Apartment - Renovated | 1BR,1BA | $1.22 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.16 |
| Serenity Park Apartments | Become an Eastsider Today! Get 1 month free on ... | 1BR,1BA | $1.29 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleYour 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 ArticleQuick 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
Pet Friendly LifestyleThirty-Eighth & Franklin, Indianapolis, IN
Ranked #86
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Thirty-Eighth & Franklin
What type of rentals are currently available in Thirty-Eighth & Franklin?
There are currently 55 Apartments for Rent in Thirty-Eighth & Franklin, IN with pricing that ranges from $749 to $1,636. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Thirty-Eighth & Franklin ranging from $900 to $1,950.
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 $900 to $1,950 with an average monthly rent of $1,293.
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 $1,475 to $1,599, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,225 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,475 and Four Bedroom Apartments start at $1,636.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.