Updated 2 Hours Ago
Highlights
- Low-maintenance
- Property manager
- Easy access
Location
4985 N Franklin Rd #1, Indianapolis, IN 46226, USA
Tour 4985 N Franklin Rd #1
Contact
PMI Midwest
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Amenities for 4985 N Franklin Rd #1
Services
| On-Site Management | 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
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 4985 N Franklin Rd #1
*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 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. Deposit varies based on screening results. By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via Sms, phone, or email. Non-Smoking Home PMI Midwest 317.546.3482 By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.
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
- Middle school nearby
- There is a middle school 1 mile away
- High school nearby
- There is a high school 1 mile away
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
- 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.
Address details
| Zip code | 46226 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Indianapolis
studio apartments at 4985 N Franklin Rd #1 cost about 24% less than the average rent price for studio apartments in Indianapolis.
Median rents as of Jul 11 2026.
Indianapolis
| Month | Median Rent |
|---|---|
| July 2024 | $1,005 |
| 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 |
| June 2026 | $892 |
| July 2026 | $862 |
Affordability calculator
Can I afford to live at 4985 N Franklin Rd #1?
Bedrooms
StudioRent-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
$26,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $26,600 annually to afford this studio monthly rent price of $665.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| This month | $665 | 1 bed | 1 bath | ||
| This month | $665 | 1 bed | 1 bath | ||
| Last month | $649 | 1 bed | 1 bath | ||
| Last month | $649 | 1 bed | 1 bath | ||
| Last month | $649 | Studio | 1 bath | ||
| Last month | $649 | 1 bed | 1 bath | ||
| Last month | $649 | 1 bed | 1 bath | ||
| Last month | $649 | 1 bed | 1 bath |
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-
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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
Wide variety of groceries within a short drive, including some within walking distance
Shopping
4/10
Some shops within a short drive
Cafes
2/10
Few or no cafés within a short drive
Restaurants
6/10
Variety of restaurants within a short drive
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 a short drive
Explore the area around 4985 N Franklin Rd #1
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
Shoppers World
8311 Pendleton Pike
City Gear By DTLR
8101 Pendleton Pikesuite C
Rainbow
8101 Pendleton Pike
Citi Trends
8101 Pendleton Pike
Fashion Yasmin LLC
4240 N Franklin Rd
Jack's Donuts
9105 E 56th St
Pana Donuts Coffee & Boba Tea
7150 Pendleton Pike
Dunkin'
3850 N Shadeland Ave
Anns Boba Tea
3827 N Mitthoefer Road Extended Food Ct
The Human Bean
10545 Pendleton Pike
The Polish Bar
4433 N Franklin Rd
Diamond Chips Lounge
8879 Pendleton Pike
Sports Page Lounge
4603 N Post Rd
Fort Ben Pub
5645 N Post Rd
Microblading & Brow Lounge
9165 Otis Ave
Las Americas Bakery
4407 N Franklin Rd
Carniceria Y Tienda Mi Mexico
4240 N Franklin Rd
Panaderia Y Reposteria Bianquita
4240 N Franklin Rd
Compadres Meat Market LLC
4601 N Post Rd
Princess Bakery LLC
5135 N Post Rd
Lawrence Community Park
Oren Alexander Memorial Park
Eugene Burns Park
Playground
Playground
Dairy Queen Grill & Chill
4815 N Franklin Rd
Cuginos Pizza
5124 N Franklin Rd
Rice King
8310 Pendleton Pike
Wendy's
8302 Pendleton Pike
Arts Skillet
8255 Pendleton Pike
Boschen Loop / Army Finance Center
Fort Harrison, Fort Harrison
42nd St / Arborcrest Dr
East 38th St
42nd St / Arborcrest Dr
East 38th St
42nd St / Franklin Rd
East 38th St
Franklin Rd / 42nd St
East 38th St
Other units at this address
4985 N Franklin Rd, Indianapolis, IN
4985 N Franklin Rd Indianapolis, IN
Occupied
42
1 Bed
1 Bath
$649
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Check availability
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