Cheap Apartments for Rent in Frankfort, SD from $600 (28 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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Archer Flats
Studio to 1 Bedroom Apartments

Archer Flats

2308 14th Ave NEWatertown, SD 57201
  • Utilities Included

Navigating 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.

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Parkside Place
1 Bedroom Apartments

Parkside Place

8 2nd St NEWatertown, SD 57201
  • Utilities Included
Showing Results 1-28, Page 1 of 1

Frankfort, SD Local Guide

Cheapest Available Frankfort Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankfort, SD is a 2 Beds unit found at 630 S High St priced from $850. Trails Head in the Downtown Brookings neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $890. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
630 S High StHigh Street #52BR,1BA$850
Trails HeadDriftwoodStudio,1BA$890
Forte of Brookings: 50+ Community!StarlingStudio,1BA$895
1631 Olive DrTwo Bedroom2BR,1BA$975
Forte Living of Aberdeen: 50+ Community!Finch1BR,1BA$1,030
Aberdeen Communities2 BED 1 BATH2BR,1BA$1,125
Wheatgrass Village I3B - 1,1933BR,2BA$1,225
Lake Area Townhomes2 Bedroom2BR,2BA$1,250
Marketplace ApartmentsG2BR,1BA$1,380

Best Value Apartments for Rent in Frankfort, SD and Nearby

As of June 09, 2025 the best value apartment in the Frankfort area is the $1.03 price per square foot TH 4P/B - 1,640 Model at Wheatgrass Village I in the starting from $1,695. The second greatest value Frankfort apartment is the 1629 - 3A Model at The Plains Apartments starting at $1,870 with a $1.37 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.
Wheatgrass Village ITH 4P/B - 1,6404BR,2.5BA$1.03
The Plains Apartments1629 - 3A3BR,2BA$1.37
One & Two Willow Creek2BR/2.0BA2BR,2BA$1.08
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.00
Marketplace ApartmentsG2BR,1BA$1.45
1631 Olive DrTwo Bedroom2BR,1BA$1.22
Aberdeen Communities2 BED 1 BATH2BR,1BA$1.50
Forte Living of Aberdeen: 50+ Community!Finch1BR,1BA$1.53
Forte of Brookings: 50+ Community!Finch1BR,1BA$1.80
700 Washington St, Unit 1700 Washington St1BR,1BA$1.17

Quick Rent Budget Calculator

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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.

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

Explore Frankfort, SD Rentals by Map

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See the most popular apartments and homes in Frankfort, SD

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Getting Around Frankfort, SD

Bike Score®

28 / 100

Somewhat Bikeable

Minimal 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

What is the Cheapest Studio apartment in Frankfort?

Currently the most affordable Cheap Studio Apartment in Frankfort is at Trails Head listed at $890.

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

The lowest price for a Cheap One Bedroom Frankfort Apartment is $1,030 at Forte Living of Aberdeen: 50+ Community!.

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 $850 at 630 S High St.

What is the most affordable Frankfort Three Bedroom Apartment?

The best deal on a cheap Frankfort Three Bedroom Apartment rental is at Wheatgrass Village I and starts from $1,225.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.