Cheap Apartments for Rent in Frankfort, MI from $400 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in Frankfort.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Annika Place
1 to 2 Bedroom Apartments

Annika Place

947 S Garfield AveTraverse City, MI 49686
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Liv Wildwood
1 to 3 Bedroom Apartments

Liv Wildwood

153 S Wildwood TrlLudington, MI 49431

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Frankfort, MI Local Guide

Cheapest Available Frankfort Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankfort, MI is a Studio unit found at 122 Hancock St priced from $600. The Flats at Carriage Commons has the second lowest priced unit, which is a Studio apartment currently listed from $1,083. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
122 Hancock StUnit 3Studio,1BA$600
The Flats at Carriage CommonsStudioStudio,1BA$1,083
Brookside CommonsTwo Bedroom2BR,1BA$1,227
Holiday Village Townhomes2 BED/1.5 BATH2BR,1BA$1,600
Oak Shore Commons1 Bedroom 1 Bath1BR,1BA$1,649

Best Value Apartments for Rent in Frankfort, MI and Nearby

As of June 24, 2025 the best value apartment in the Frankfort area is the $1.61 price per square foot Three Bedroom Model at Ruth Park in the in the Downtown Traverse City neighborhood starting from $1,800. The second greatest value Frankfort apartment is the Cedar Model at Chelsea Park West starting at $2,059 with a $1.85 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.
Ruth ParkThree Bedroom3BR,2BA$1.61
Chelsea Park WestCedar2BR,2BA$1.85
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
West End LoftsA5A1BR,1BA$2.42
Legends Morgan FarmsHarbor1BR,1BA$2.25
Oak Shore Commons1 Bedroom 1 Bath1BR,1BA$2.47
122 Hancock StUnit 3Studio ,1BA$2.40

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Frankfort, MI Rentals by Map

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See the most popular apartments and homes in Frankfort, MI

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Getting Around Frankfort, MI

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Frankfort Apartments

How much is rent for a Cheap One Bedroom Frankfort Apartment?

The lowest price for a Cheap One Bedroom Frankfort Apartment is $950 at 122 Hancock St.

What is the lowest price for a Cheap Two Bedroom Frankfort Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Frankfort is starting from $1,227 at Brookside Commons.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.