Cheap Apartments for Rent in Frankfort, MI from $400 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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.

property at 2276 S M-37

2276 S M-37, Unit B

2276 S M-37
Traverse CityMI49685
close
View Me
Annika Place
1 to 2 Bedroom Apartments

Annika Place

947 S Garfield AveTraverse City, MI 49686
close
View Me
Ruth Park
1 to 3 Bedroom Apartments

Ruth Park

520 Wellington StTraverse City, MI 49686
close
View Me
122 Hancock St
Studio to 3 Bedroom Apartments

122 Hancock St

122 Hancock StManistee, MI 49660

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

close
View Me
Liv Wildwood
1 to 3 Bedroom Apartments

Liv Wildwood

153 S Wildwood TrlLudington, MI 49431

Frankfort, MI Local Guide

Cheapest Available Frankfort Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankfort, MI is a 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $454. Parkview Apartments in the Downtown Traverse City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $694. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ruth ParkTwo Bedroom2BR,1BA$454
Parkview ApartmentsOne bedroom1BR,1BA$694
The Flats at Carriage CommonsOne Bedroom1BR,1BA$1,081
Cherry Hill Apartments2 Bed 1 Bath Upper2BR,1BA$1,149
Garfield OaksOne Bedroom1BR,1BA$1,200

Best Value Apartments for Rent in Frankfort, MI and Nearby

As of September 08, 2025 the best value apartment in the Frankfort area is the $1.05 price per square foot 2 Bedroom 2 Bath Model at Marina View Apartments in the starting from $1,450. The second greatest value Frankfort apartment is the Three Bedroom Model at Ruth Park starting at $1,800 with a $1.61 price per square foot in the Downtown Traverse City neighborhood. 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.
Marina View Apartments2 Bedroom 2 Bath2BR,2BA$1.05
Ruth ParkThree Bedroom3BR,2BA$1.61
Ridge45 ApartmentsLongitude South2BR,2BA$1.72
The Peninsula ApartmentsTwo Bedrooms Two Bathrooms Upper Split2BR,2BA$1.60
SCS Sunset EstatesHuntington 2 BR Upper Middle2BR,1BA$1.54
Brookside CommonsTwo Bedroom2BR,1BA$1.20
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
Cherry Hill Apartments2 Bed 1 Bath Upper2BR,1BA$1.21
Annika PlaceTwo Bedroom2BR,1BA$1.56
Parkview ApartmentsOne bedroom1BR,1BA$1.06

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Frankfort, MI Rentals by Map

View Map
Frankfort, MI Apartments Map
View Map
Frankfort, MI Rental Homes Map

Getting Around Frankfort, MI

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

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 $694 at Parkview Apartments.

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 $454 at Ruth Park.

What is the most affordable Frankfort Three Bedroom Apartment?

The best deal on a cheap Frankfort Three Bedroom Apartment rental is at Brookside Commons and starts from $1,485.

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.