Cheap Homes for Rent in Frankfort, IN from $800 (10 Rentals)

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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.

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

Cheapest Available Frankfort Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankfort, IN is a Studio unit found at Pheasant Run priced from $791. Village Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pheasant RunThe Retriever StudioStudio,1BA$791
Village Square Apartments1x1A R1BR,1BA$899
Georgetown South1 Bedroom1BR,1BA$900

Best Value Apartments for Rent in Frankfort, IN and Nearby

As of July 27, 2026 the best value apartment in the Frankfort area is the $1.06 price per square foot Chester 4 Bed Model at Jackson Run Townhomes in the in the Lebanon Whitestown neighborhood starting from $2,299. The second greatest value Frankfort apartment is the 2BR1.5BR Model at Ashley Oaks Apartments starting at $1,154 with a $1.18 price per square foot . Here is today’s list of the best values for Frankfort apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Jackson Run TownhomesChester 4 Bed4BR,2.5BA$1.06
Ashley Oaks Apartments2BR1.5BR2BR,1.5BA$1.18
Blackhawk Commons2 Bedroom2BR,1BA$1.13
Waterford CourtTwo Bed One Bath (CN1)2BR,1BA$1.14
Chauncey Village2 Bedroom 1 Bath2BR,1BA$1.16
Eastgate Townhomes2 Bed 1 Bath Townhome2BR,1BA$1.22
Windemere Apartments2 bed 1 bath Renovated2BR,1BA$1.24
Georgetown South2 Bedroom2BR,1BA$1.31
Cross Winds Apartments1 Bed/1 Bath1BR,1BA$1.31
The Ravine Apartment HomesThe Hawthorne1BR,1BA$1.26

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.

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Real 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.

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Frequently Asked Questions about Frankfort

What type of rentals are currently available in Frankfort?

There are currently 56 Apartments for Rent in Frankfort, IN with pricing that ranges from $680 to $2,919. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frankfort ranging from $840 to $2,700.

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 $840 to $2,700 with an average monthly rent of $1,590.

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

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.