Zumper
modified
Updated 13 Hours Ago

Highlights

  • Laundry on site
  • Newly refurbished apartment
  • Kitchen fridge and stove included
  • High end carpet

Location

316 E Franklin St #5, Shelbyville, IN 46176, USA

Tour 316 E Franklin St #5

Contact

Justin Polston

Mackenzie Allen, Polston & Associates

(844) 284-9985 ext. 9834

Amenities for 316 E Franklin St #5

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 #5

HomeApartments in Shelbyville 316 E Franklin St #5, Shelbyville, IN 46176, USA

Property Status: Active A nice 1 bedroom apartment - now very available and very affordable! Additional utility surcharge of $150 on top of marketed rent. Tenant pays their own electric. Kitchen fridge and stove included in rent. Come check out this newly refurbished apartment! We've got high end carpet in the living and bedroom area, fully functioning large eat in kitchen, and laundry on site! Office Phone: (317) 364-1106 Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Source: Broker Listing Cooperative®|MLS Listing No. 22121369

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 #5 cost about 27% less than the average rent price for 1-bedroom apartments in Shelbyville.

Median rents as of Oct 10 2026.
Shelbyville
A table of 1-bedroom apartment rental data trends in Shelbyville
MonthMedian Rent
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
April 2026$743
May 2026$752
June 2026$740
July 2026$722
August 2026$731
September 2026$718
October 2026$748

Affordability calculator

Can I afford to live at 316 E Franklin St #5?

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

$21,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $21,800 annually to afford this 1-bedroom monthly rent price of $545.
For more information on rent affordability, visit our rent calculator.

Schools near 316 E Franklin St #5

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 #5

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 #5

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 #5, Shelbyville

Groceries

9/10
Wide variety of groceries within a few minutes' walk

Shopping

5/10
Variety of shops within a short drive

Cafes

4/10
Variety of cafés within a short drive

Restaurants

6/10
Wide variety of restaurants within a short drive, including some within walking distance

Primary schools

9/10
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

5/10
Variety of bars within a short drive

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