Zumper
modified
5+ Days Ago

Highlights

  • Laundry on site
  • Newly refurbished apartment
  • Fully functioning galley kitchens
  • Fully functioning galley kitchen
  • High end carpet

Location

316 E Franklin St #3, Shelbyville, IN 46176, USA

Tour 316 E Franklin St #3

Contact

Justin Polston

Mackenzie Allen, Polston & Associates

(844) 325-9286 ext. 4713

Amenities for 316 E Franklin St #3

Apartment Amenities

BaseboardCarpet

Building

Onsite Laundry

Other

Exterior Type: Aluminum Siding
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
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About 316 E Franklin St #3

HomeApartments in Shelbyville 316 E Franklin St #3, Shelbyville, IN 46176, USA

Property Status: Active Studio apartment now very available and very affordable! Additional utility surcharge of $150 on top of marketed rent. The tenant also puts electric in their name. Kitchen fridge and stove included in rent. Come check out this newly refurbished studio! We've got high end carpet in the living and bedroom area, fully functioning galley kitchen, and laundry on site! Office Phone: (317) 372-9784 Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Source: MIBOR Service Corporation|MLS Listing No. 22090842

Go to property website

Address details

Zip code46176
TypeApartment for rent

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Rent trends in Shelbyville

1-bedroom apartments at 316 E Franklin St #3 cost about 14% less than the average rent price for 1-bedroom apartments in Shelbyville.

Median rents as of Mar 28 2026.
Shelbyville
A table of 1-bedroom apartment rental data trends in Shelbyville
MonthMedian Rent
April 2024$779
May 2024$778
June 2024$751
July 2024$757
August 2024$740
September 2024$737
October 2024$750
November 2024$744
December 2024$741
January 2025$695
February 2025$695
March 2025$695
April 2025$691
May 2025$689
June 2025$691
July 2025$695
August 2025$703
September 2025$741
October 2025$757
November 2025$758
December 2025$750
January 2026$750
February 2026$784
March 2026$793

Affordability calculator

Can I afford to live at 316 E Franklin St #3?

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

$25,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $25,800 annually to afford this 1-bedroom monthly rent price of $645.
For more information on rent affordability, visit our rent calculator.

Schools near 316 E Franklin St #3

Coulston Elementary School

121 knightstown rd

shelbyville, IN, 46176

K-5Public
B-

Wanamaker Early Learning Center

4150 bazil ave

indianapolis, IN, 46239

PKPublic
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Internet available near 316 E Franklin St #3

Neighborhood

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

Getting around Shelbyville near 316 E Franklin St #3

Walking

5/10
Some shops and stores are within a few minutes.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Points of interest for 316 E Franklin St #3, Shelbyville

Groceries

8/10
At least one supermarket within a 10-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

8/10
At least one elementary school within a 10-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Nightlife

3/10
Some bars within walking distance

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