1 Day Ago
Highlights
Pet Friendly
Location
4985 N Franklin Rd #1, Indianapolis, IN 46226, USA
Tour 4985 N Franklin Rd #1
Contact
PMI Midwest
Nearby rentals
Renter hub
Property management
Apartments for rent IndianapolisApartments for rent MuncieApartments for rent BloomingtonApartments for rent GreenwoodApartments for rent NoblesvilleApartments for rent Snacks - Guion CreekApartments for rent BrownsburgApartments for rent Chapel Hill - Ben DavisApartments for rent FishersApartments for rent Valley MillsApartments for rent LafayetteApartments for rent West LafayetteApartments for rent McCordsvilleApartments for rent CambyApartments for rent WestfieldApartments Near Me
Houses for rent IndianapolisHouses for rent Near EastsideHouses for rent MuncieHouses for rent New CastleHouses for rent CumberlandHouses for rent CumberlandHouses for rent BloomingtonHouses for rent FishersHouses for rent Downtown IndianapolisHouses for rent Martindale - BrightwoodHouses for rent Near SoutheastHouses for rent Near SouthsideHouses for rent GreenwoodHouses for rent Near Northwest - RiversideHouses for rent LafayetteHouses for rent near me
Amenities for 4985 N Franklin Rd #1
Building
| Cats OK | Dogs OK |
Grounds
| Outdoor Space |
Services
| Concierge Service | Package Service |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
Advertisement
About 4985 N Franklin Rd #1
Coming Soon. 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. All Pmi Midwest residents are enrolled in the Resident Benefits Package (rbp) for $41.45/month which includes credit building to help boost the resident's credit score with timely rent payments, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control and much more. More details upon application. Deposit varies based on screening results. Rent Guarantee policy from theGuarantors required. Pet Friendly, Concierge, Lawn, Range Oven, Refrigerator, Window Coverings & Central. Provided by rentalsource com
Lease Terms
Fees: Rent $649 (mandatory, monthly). Resident Benefit Package $37 (mandatory, monthly). Lease Doc Prep $75 (mandatory, nonrefundable, move-in). Application fee $65 (mandatory, nonrefundable, pre-move-in). Lease term: 12 months.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 #1 compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- High school nearby
- There is a high school 1 mile away
- Package service
- More secure storage for delivery
Address details
| Zip code | 46226 |
|---|---|
| Type | Apartment for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Indianapolis
1-bedroom apartments at 4985 N Franklin Rd #1 cost about 36% less than the average rent price for 1-bedroom apartments in Indianapolis.
Median rents as of Mar 28 2026.
Indianapolis
| Month | Median Rent |
|---|---|
| April 2024 | $1,139 |
| May 2024 | $1,132 |
| June 2024 | $1,076 |
| July 2024 | $1,081 |
| August 2024 | $1,126 |
| September 2024 | $1,123 |
| October 2024 | $1,143 |
| November 2024 | $1,126 |
| December 2024 | $1,125 |
| January 2025 | $1,152 |
| February 2025 | $1,150 |
| March 2025 | $1,087 |
| April 2025 | $1,024 |
| May 2025 | $1,087 |
| June 2025 | $1,098 |
| July 2025 | $1,090 |
| August 2025 | $1,097 |
| September 2025 | $1,105 |
| October 2025 | $1,080 |
| November 2025 | $1,046 |
| December 2025 | $1,048 |
| January 2026 | $1,017 |
| February 2026 | $1,022 |
| March 2026 | $1,011 |
Affordability calculator
Can I afford to live at 4985 N Franklin Rd #1?
Bedrooms
1 bedroomRent-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 1-bedroom monthly rent price of $649.
For more information on rent affordability, visit our rent calculator.
Schools near 4985 N Franklin Rd #1
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-
Advertisement
Internet available near 4985 N Franklin Rd #1
Getting around Indianapolis near 4985 N Franklin Rd #1
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 #1, 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
Compare similar properties nearby
- dogs and cats ok
- on-site laundry
- swimming pool
- dogs and cats ok
- on-site laundry
- swimming pool
- dogs and cats ok
- on-site laundry
- swimming pool
- dogs and cats ok
- on-site laundry
- swimming pool
The Courts Apartment Homes
Our team has verified this companyNear Eastside • 4417 Linwood Ct
1–2 Beds
$839–$909
- dogs and cats ok
- on-site laundry
- swimming pool
The Vineyards Apartment Homes
Our team has verified this company10101 Montery Rd
Studio–2 Beds
$809–$1,179
- dogs and cats ok
- on-site laundry
- swimming pool
- dogs and cats ok
- on-site laundry
- swimming pool
Martindale - Brightwood • 2932 N Dearborn St #B
1 Bed
$649
- dogs and cats ok
- on-site laundry
- swimming pool
- dogs and cats ok
- on-site laundry
- swimming pool
- dogs and cats ok
- on-site laundry
- swimming pool
- dogs and cats ok
- on-site laundry
- swimming pool
- dogs and cats ok
- on-site laundry
- swimming pool
The Courts Apartment Homes
Our team has verified this companyNear Eastside • 4417 Linwood Ct
1–2 Beds
$839–$909
- dogs and cats ok
- on-site laundry
- swimming pool
The Vineyards Apartment Homes
Our team has verified this company10101 Montery Rd
Studio–2 Beds
$809–$1,179
- dogs and cats ok
- on-site laundry
- swimming pool
- dogs and cats ok
- on-site laundry
- swimming pool
Martindale - Brightwood • 2932 N Dearborn St #B
1 Bed
$649
- dogs and cats ok
- on-site laundry
- swimming pool
Check availability
Advertisement