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Location

4985 N Franklin Rd, Indianapolis, IN 46226, USA

Tour 4985 N Franklin Rd #1

Contact

PMI Midwest

(844) 326-6575 ext. 7415

Amenities for 4985 N Franklin Rd #1

Grounds

Outdoor Space

Services

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 terms12+ months
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About 4985 N Franklin Rd #1

HomeApartments in Indianapolis 4985 N Franklin Rd, Indianapolis, IN 46226, USA

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. 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 of $690.45 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. 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). Security deposit $649 (mandatory, refundable, move-in). Application fee $65 (mandatory, nonrefundable, pre-move-in). Lease term: 12 months. Photos are an example of similar units within the building, actual unit may vary. Availability and pricing can change daily and vary by lease term. Please contact us to schedule a showing.

Address details

Zip code46226
TypeApartment for rent

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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 Jun 6 2026.
Indianapolis
A table of 1-bedroom apartment rental data trends in Indianapolis
MonthMedian Rent
June 2024$1,072
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
April 2026$1,017
May 2026$1,007
June 2026$1,020

Affordability calculator

Can I afford to live at 4985 N Franklin Rd?

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

$25,960/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-
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Internet available near 4985 N Franklin Rd #1

Getting around Indianapolis near 4985 N Franklin Rd

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, 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

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