ARLO Apartments
5945 Arlo Dr,
Indianapolis, IN 46237
$1,340 - $1,990 | Studio - 3 Beds
South Franklin
Indianapolis, IN
South Franklin - Indianapolis, IN
Area Guide
Savor tranquil living on the cusp of Downtown Indianapolis
Suburban
•
Scenic
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Peaceful
•
Pastoral
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Convenient
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Commuter
•
Affordable
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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 March 2025, the average apartment rent in South Franklin is $1,376 for a studio, $1,231 for one bedroom, $1,574 for two bedrooms, and $1,776 for three bedrooms. Apartment rent in South Franklin has decreased by -3.2% in the past year.
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Studio
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641 sq ft
Average Sq Ft
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$1,376/month
Average Rent
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1 BR
-
811 sq ft
Average Sq Ft
-
$1,231/month
Average Rent
-
2 BR
-
1,120 sq ft
Average Sq Ft
-
$1,574/month
Average Rent
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3 BR
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1,369 sq ft
Average Sq Ft
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$1,776/month
Average Rent
Transportation
29
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
13
Minimal Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
36
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
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
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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 February 2025.