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Updated 3 Hours Ago

Highlights

  • Conveniently located
  • Free parking
  • Window air conditioning
  • Comfortable living

Location

298 N Water St, Franklin, IN 46131, USA
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Contact

Management

Granite Management - Indianapolis

Leasing office

(317) 533-5885

Property Overview

298 N Water St offers strong value, convenient access, and a high standard of living, with an overall Zumper expert rating of 8.6 out of 10. It stands out for its competitive pricing, well-rated amenities and location, plus notable features like free parking, window air conditioning, and comfortable living.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.6
Very Good
With a solid 8.6 out of 10 overall, 298 N Water St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 298 N Water St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Middle school nearby

Floor plans

1BR/1.0BA1 bed1 bath382 sqft$900 /mo1 unit availableDiscover 298 N Water St - Apt. B, a one-bedroom, one-bath apartment in Franklin, IN. This unit features secured entry for added peace of mind, window A/C for personal climate control, and free parking. Conveniently located, the apartment offers a straightforward layout and essential amenities for comfortable living.

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Amenities for 298 N Water St

Apartment Amenities

Air ConditioningGas
Trash

Appliances

Window AC

Building

Controlled AccessWater/Sewer

Grounds

Free Parking
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
Building details

Property details

Units4
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About 298 N Water St

HomeApartments in Franklin 298 N Water St

Discover 298 N Water St - Apt. B, a one-bedroom, one-bath apartment in Franklin, IN. This unit features secured entry for added peace of mind, window A/C for personal climate control, and free parking. Conveniently located, the apartment offers a straightforward layout and essential amenities for comfortable living.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, 298 N Water St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 298 N Water St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 298 N Water St
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
298 N Water St offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
298 N Water St goes above and beyond to provide sought-after conveniences and desirable perks, including controlled access. Renters looking for popular or luxurious features will find them here—and for that reason, 298 N Water St receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
298 N Water St is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 298 N Water St does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

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 298 N Water St compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 1 mile away

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Rent trends in Franklin

1-bedroom apartments at 298 N Water St cost about 10% less than the average rent price for 1-bedroom apartments in Franklin.

Median rents as of Nov 30 2024.
Franklin
A table of studio rental data trends in Franklin
MonthMedian Rent
October 2024$790
November 2024$796

Affordability calculator

Can I afford to live at 298 N Water St?

Bedrooms

1 bedroom

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

$36,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $36,000 annually to afford this 1-bedroom monthly rent price of $900.
For more information on rent affordability, visit our rent calculator.

Schools near 298 N Water St

Northwood Elementary School

965 grizzly cub dr

franklin, IN, 46131

PK, K-4Public
B+

Ray Crowe Elementary

1300 ray crowe way

greenwood, IN, 46143

K-5Public
B

Walnut Grove Elementary School

4079 north morgantown rd

bargersville, IN, 46106

K-5Public
A

Family Development Services - Southeast Head Start

4024 south madison ave

indianapolis, IN, 46227

PKPublic

Rise Learning Center

5391 s shelby st

indianapolis, IN, 46227

PK, K-12Public
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Internet available near 298 N Water St

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Franklin near 298 N Water St

Walking

6/10
Some shops and stores are within a few minutes.

Driving

7/10
This area is close to freeways and has adequate parking options.

Points of interest for 298 N Water St, Franklin

Groceries

5/10
At least one grocery store within a 30-minute walk

Shopping

5/10
Some shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

6/10
At least one elementary school within a 20-minute walk

High schools

6/10
At least one high school within a 30-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

4/10
Few or no bars within walking distance

Explore the area around 298 N Water St

Kroger Marketplace
970 N Morton St
ALDI
1538 N Morton St
Walmart Supercenter
2125 N Morton St
Meijer
2390 N Morton St
Sugar Creek Farm Market LLC
3970 S Sugar Creek Rd

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