*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. Whether you're a student, professional, or someone looking to simplify your lifestyle, 4985 N Franklin Rd is a great place to call home.
All PMI Midwest residents are enrolled in the Resident Benefits Package (RBP) for $41.45/month which includes credit building to help boost the resident's credit score with timely rent payments, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more! More details upon application.
Deposit varies based on screening results. Rent Guarantee policy from theGuarantors required.
Apartment building
Studio
Parking lot
Air conditioning (central)
Shared laundry
Available units
Price may not include required fees and charges.
 Unit 42 Studio, 1 ba | 250 | Now | $649 |
What's special
Affordable low-maintenance living spacePeaceful residential feel
Office hours
| Day | Open hours |
|---|---|
| Mon - Fri: | 8:30 am - 4:30 pm |
| Sat - Sun: | Closed |
Facts, features & policies
Building Amenities
Other
- Laundry: Shared
Outdoor common areas
- Lawn
Services & facilities
- 24 Hour Maintenance
- Elevator
- Online Maintenance Portal
- Online Rent Payment
Unit Features
Appliances
- Oven
- Refrigerator
Cooling
- Central Air Conditioning
Flooring
- Vinyl
Heating
- Gas
Other
- Blinds
Policies
Parking
- Parking Lot
Lease terms
- More than 1 year
- One year
Special Features
- Closet: Large Closet
Neighborhood: 46226
Areas of interest
Use our interactive map to explore the neighborhood and see how it matches your interests.
Travel times
Getting around
Walk Score®
 / 100
Somewhat WalkableTransit Score®
 / 100
Minimal TransitBike Score®
 / 100
Very BikeableNearby schools in Indianapolis
Early Learning Center
Grades PK, K • 3.7 milesN/A
GreatSchools® Rating
Harrison Hill Elementary School
Grades 1-6 • 0.6 miles4/10
GreatSchools® Rating
Test Score Rating
2/10Academic Progress Rating
6/10Belzer Middle School
Grades 7, 8 • 0.8 miles3/10
GreatSchools® Rating
Test Score Rating
2/10Academic Progress Rating
3/10Living in Indianapolis
ZIP code 46226 spans Indianapolis’s Far Eastside and Lawrence, including Devington, Arlington Woods, Brendonwood and Forest Manor. The area is inland, with a four-season climate and leafy residential streets alongside commercial corridors. Lawrence’s Fort Harrison State Park offers wooded trails, open space and opportunities for outdoor recreation, while local parks add playgrounds and places to walk. Shopping and dining are concentrated along major roads, with everyday stores, casual restaurants and coffee options; more extensive arts, dining and nightlife are accessible toward central Indianapolis. Residents get around by car on local roads and nearby highways, with IndyGo bus service on some corridors. For ZIP code 46226, the median rent is $1,296 per month, with a typical range of $625 to $7,693, based on 108 active listings.
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Frequently asked questions
Where is Franklin Studios located, and what is the neighborhood like?
Franklin Studios is located at 4985 N Franklin Rd, Indianapolis, IN. The surrounding area includes multiple restaurants and cafes within 2 miles, such as Lemonade Day - Lemonade Stand, Art's Skillet, and Ma Ma's Korean Restaurant.
What is the average rent in Indianapolis, IN?
Based on the latest Zillow data, the median rent across all unit types in ZIP code 46226 in Indianapolis is currently $1,296 per month. Prices vary by neighborhood, floor plan, and building amenities.
What schools are assigned to Franklin Studios?
The schools assigned to Franklin Studios include Early Learning Center, Harrison Hill Elementary School, and Belzer Middle School.
What are the grocery stores and everyday shopping options near Franklin Studios?
Franklin Studios is located near 4 grocery stores, including Marsh Supermarket (0.1 miles) and Save-A-Lot (0.7 miles). Additional shopping options, including Sherwin-Williams Paint Store, are approximately 0.6 miles away.
What hospitals and medical facilities are near Franklin Studios?
The closest hospitals and medical facilities to Franklin Studios include Indianapolis Endoscopy Center (0.6 miles away), Lawrence Family Care (0.7 miles away), and Lawrence Township Schools Health & Wellness Center (0.7 miles away).
