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4985 N Franklin Rd
4985 N Franklin Rd, Indianapolis, IN 46226, USA

Apartment for rent
Monthly rent
$649
BedsStudio–1
Baths1
Sqft250
modified
5+ Days Ago

Highlights

  • refrigerator
  • window coverings

Units

4985 N Franklin Rd Indianapolis, IN

New Listing

42

Studio

1 Bath

$649

Listed on 05/20/2026
Listed by PMI Midwest
Days on market: 11
*Now Accepting Housing Assistance* Welcome to 4985 N Franklin Rd, where comfort meets convenience! These efficient 250 sq. ft. studio apartments are perfect for anyone seeking an affordable, low-maintenance living space in a well-connected location. Located just minutes from shopping, dining, and major roadways, this property offers easy access to everything you need while maintaining a peaceful residential feel. Whether you're a student, professional, or someone looking to simplify your lifestyle, 4985 N Franklin Rd is a great place to call home. At Pmi Midwest, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (rbp) to address common headaches for our residents and provide must-have services for our renters. The Total Monthly Price of $690.45 includes rent, pest control, air filter delivery, utility setup assistance, credit building and more at a rate of $41.45/month, required with the rental. Residents have the option to personalize some components during onboarding, which may increase or decrease the monthly amount. More details upon application. By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.

Available

1

1 Bed

1 Bath

$649

Listed on 04/02/2026
Listed by PMI Midwest
Days on market: 59
Now Accepting Housing Assistance. Welcome to 4985 N Franklin Rd, where comfort meets convenience. These efficient 250 sq. ft. studio apartments are perfect for anyone seeking an affordable, low-maintenance living space in a well-connected location. Located just minutes from shopping, dining and major roadways, this property offers easy access to everything you need while maintaining a peaceful residential feel. At Pmi Midwest, we strive to provide an experience that is cost-effective and. Convenient. That's why we provide a Resident Benefits Package (rbp) to address common headaches for our residents and provide must-have services for our renters. The Total Monthly Price of $690.45 includes rent, pest control, air filter delivery, utility setup assistance, credit building and more at a rate of $41.45/month, required with the rental. Residents have the option to personalize some components during onboarding, which may increase or decrease the monthly amount. More details upon application. Lawn, Range Oven, Refrigerator, Window Coverings & Central. Provided by rentalsource com

Amenities for 4985 N Franklin Rd

Some units at this address have these amenities. View unit details for more information.

Building
  • On-Site Management
  • Package Service
  • Outdoor Space

Policies at 4985 N Franklin Rd

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

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About 4985 N Franklin Rd

HomeApartments in Indianapolis 4985 N Franklin Rd #42, Indianapolis, IN 46226, USA

Check out this cozy property located at 4985 N Franklin Rd, Indianapolis, IN 46226, USA! This intimate community consists of 2 units, offering 1 bedroom and studio options, each approximately 250 square feet in size. Residents can enjoy amenities such as a refrigerator and window coverings in each unit. The property also features a package delivery system and outdoor space for relaxation. With only long-term rentals offered, this property is perfect for those looking for a stable and quiet living environment. Please note that this property is not pet-friendly. With its unique blend of comfort and simplicity, this property is an excellent choice for those seeking a peaceful living experience.

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Address details

Units2
Units available2
City
Zip code46226

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 4985 N Franklin Rd, Indianapolis, IN 46226, USA compares to other nearby properties.

Positives

Less expensive
Some rentals at this address are cheaper than similar listings nearby
Middle school nearby
There is a middle school 1 mile away
High school nearby
There is a high school 1 mile away
Images available
There are at least 10 photos of this address
Package service
More secure storage for delivery

Considerations

Pet restrictions
Pets aren't allowed at this location.

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Rent trends in Indianapolis

Studio apartments at 4985 N Franklin Rd #42 cost about 33% less than the average rent price for studios in Indianapolis.

1-bedroom apartments here are priced 36% lower than 1-bedrooms in Indianapolis.

Median rents as of May 23 2026.
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian Rent
June 2024$1,185
July 2024$1,091
August 2024$1,047
September 2024$1,090
October 2024$1,131
November 2024$1,126
December 2024$1,105
January 2025$1,194
February 2025$1,191
March 2025$1,151
April 2025$1,121
May 2025$1,139
June 2025$1,158
July 2025$1,185
August 2025$1,178
September 2025$1,065
October 2025$1,063
November 2025$1,048
December 2025$1,029
January 2026$1,039
February 2026$1,034
March 2026$1,004
April 2026$955
May 2026$951

Affordability calculator

Can I afford to live at 4985 N Franklin Rd?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$25,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $25,960 annually to afford this studio monthly rent price of $649.
For more information on rent affordability, visit our rent calculator.

Schools near 4985 N Franklin Rd #42

Family Development Services, CAFE Head Start

8902 east 38th st

indianapolis, IN, 46226

PKPublic

Early Learning Centers

6501 sunnysdie rd

indianapolis, IN, 46236

PK, KPublic
B+

Family Development Services - Windsor Village East

5950 e 23rd st

indianapolis, IN, 46218

PKPublic

Indiana School for the Deaf

1200 e 42nd st

indianapolis, IN, 46205

PK, K-12Public

Clearwater Elementary School

3575 e 79th st

indianapolis, IN, 46240

K-5Public
A-
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Getting around Indianapolis near 4985 N Franklin Rd

Walking

4/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 4985 N Franklin Rd, Indianapolis

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

4/10
Several shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

5/10
At least one high school within a 20-minute walk

Parks

9/10
Exceptionally large amount of park space within a few minutes’ walk

Nightlife

3/10
Some bars within walking distance

Explore the area around 4985 N Franklin Rd

Canasta Grocery La
4403 N Franklin Rd
Brothers Oriental Grocery
8209 Pendleton Pike
Save-A-Lot
8101 Pendleton Pike
El Paraiso Supermarket
5101 N Post Rd
Fiesta Latina Supermarket
4601 N Post Rd

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