
Cheap Homes for Rent in Frankfort, IN from $900 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Frankfort.


1429 South St

612 New York St

1606 N 18th St

3107 South St

253 W Morrison St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1722 Vinton St

3310 Elmwood Ave

4 Strawhat Dr

132 S 31st St

4405 W Wagonwheel Trail

1324 S East St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Frankfort, IN Local Guide

How much does it cost to rent a home in Frankfort?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Frankfort 2 Bedroom Homes for Rent | $1,367 | $900 | $2,500 |
| Frankfort 3 Bedroom Homes for Rent | $1,797 | $1,300 | $2,350 |
| Frankfort 4 Bedroom Homes for Rent | $2,999 | $1,899 | $5,200 |
| Frankfort 5 Bedroom Homes for Rent | $2,000 | $2,000 | $2,000 |
Browse Top Homes for Rent in Frankfort
Explore Frankfort
Frankfort, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Frankfort Apartments for Rent and Nearby
 The cheapest available apartment rental in Frankfort, IN is a 1 Bed unit found at 402 South Main St priced from $750. Blackhawk Commons in the Cicero Arcadia neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $890. Here is today’s list of the most affordable Frankfort apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 402 South Main St | 1bd/1bth | 1BR,1BA | $750 |
| Blackhawk Commons | 1 Bedroom | 1BR,1BA | $890 |
| Village Square Apartments | 1x1A R | 1BR,1BA | $899 |
| Georgetown South | 1 Bedroom | 1BR,1BA | $900 |
| Chauncey Village | 1 Bedroom 1 Bath | 1BR,1BA | $925 |
Best Value Apartments for Rent in Frankfort, IN and Nearby
As of September 11, 2026 the best value apartment in the Frankfort area is the $1.17 price per square foot 2 Bed/2 Bath Model at Cross Winds Apartments in the starting from $1,250. The second greatest value Frankfort apartment is the The Juniper Model at The Ravine Apartment Homes starting at $1,147 with a $1.11 price per square foot . Here is today’s list of the best values for Frankfort apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cross Winds Apartments | 2 Bed/2 Bath | 2BR,2BA | $1.17 |
| The Ravine Apartment Homes | The Juniper | 2BR,1.5BA | $1.11 |
| Ashley Oaks Apartments | 2BR1.5BR | 2BR,1.5BA | $1.22 |
| Blackhawk Commons | 2 Bedroom | 2BR,1BA | $1.13 |
| Waterford Court | Two Bed One Bath (CN1) | 2BR,1BA | $1.14 |
| 1157 S Prairie St, Unit #1 1157 | 1157 S Prairie St | 2BR,1BA | $1.33 |
| Eastgate Townhomes | 2 Bed 1 Bath Townhome | 2BR,1BA | $1.22 |
| Amelia Place Apartments | SB | Studio ,1BA | $1.34 |
| Georgetown South | 2 Bedroom | 2BR,1BA | $1.31 |
| 402 South Main St | 1bd/1bth | 1BR,1BA | $1.00 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Frankfort, IN
Clinton Prairie Elementary School
Clinton Prairie Jr-Sr High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Frankfort, IN Rentals by Map
See the most popular apartments and homes in Frankfort, IN
Frequently Asked Questions about Frankfort
What type of rentals are currently available in Frankfort?
There are currently 57 Apartments for Rent in Frankfort, IN with pricing that ranges from $625 to $2,919. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frankfort ranging from $900 to $5,200.
What is the current price range for Rental Homes in Frankfort?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Frankfort ranges from $900 to $5,200 with an average monthly rent of $1,794.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.