ARLO Apartments
5945 Arlo Dr,
Indianapolis, IN 46237
$1,358 - $2,020
Studio - 3 Beds
Area Guide
South Franklin Indianapolis, IN
Savor tranquil living on the cusp of Downtown Indianapolis
Suburban
•
Scenic
•
Peaceful
Situated less than 15 miles from Downtown Indianapolis, South Franklin is a peaceful suburb with a rural feel. South Franklin residents enjoy spacious homes and a low cost of living within minutes of major attractions such as the Indianapolis Zoo, Lucas Oil Stadium, and the Indianapolis Motor Speedway.
South Franklin is convenient to shopping destinations like Greenwood Park Mall and Washington Square Mall. Golfers rejoice in South Franklin’s close proximity to the Links Golf Club, Smock Golf Course, and Dakota Landing Golf Course. South Franklin residents also delight in quick commutes to the nearby University of Indianapolis.
Options for day trips and weekend getaways are plentiful with Louisville and Cincinnati both less than a two-hour drive from South Franklin. Getting around from South Franklin is easy with access to I-65 and I-74.
Rent Trends
As of June 2026, the average apartment rent in South Franklin is $1,340 for a studio, $1,237 for one bedroom, $1,619 for two bedrooms, and $1,785 for three bedrooms. Apartment rent in South Franklin has decreased by -2.7% in the past year.
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Studio
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641 sq ft
Average Sq Ft
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$1,340/month
Average Rent
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1 BR
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811 sq ft
Average Sq Ft
-
$1,237/month
Average Rent
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2 BR
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1,122 sq ft
Average Sq Ft
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$1,619/month
Average Rent
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3 BR
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1,370 sq ft
Average Sq Ft
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$1,785/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly South Franklin - Indianapolis, IN is for everyday living.
Somewhat Walkable
Walkability
30
/ 100
Exceptionally Drivable
Drivability
100
/ 100
Somewhat Bikeable
Bikeability
30
/ 100
Daily Essentials
South Franklin - Indianapolis, IN offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 10 Minute Walk
Groceries
80
/ 100
Fair Restaurant Variety Nearby
Restaurants
40
/ 100
Good Café Variety Nearby
Cafes
60
/ 100
Local Vibe
Get a sense of what it’s like to live in South Franklin - Indianapolis, IN from everyday activity to noise and nightlife.
Calm Atmosphere
Vibrancy
10
/ 100
Not Noisy
Quiet Score
90
/ 100
Scores provided by
Points of Interest
Shopping Centers
Parks and Recreation
- Raymond Park/Indy Island
- Southeastway Park
- Post Road Community Park
- Children's Garden Park
- Craig Park
Commuter Rail
Airports
- Indianapolis International
Top Apartments in South Franklin
Houses for Rent in South Franklin
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.