Cheap Apartments for Rent in Frankfort, SD from $600 (31 Rentals)

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

property at 1011 N 2nd St

1011 N 2nd St

AberdeenSD57401

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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property at 906 N 2nd St

906 N 2nd St

AberdeenSD57401

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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630 S High St
2 Bedroom Apartments

630 S High St

630 S High StAberdeen, SD 57401
  • 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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Archer Flats
Studio to 1 Bedroom Apartments

Archer Flats

2308 14th Ave NEWatertown, SD 57201
  • Utilities Included
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Parkside Place
1 Bedroom Apartments

Parkside Place

8 2nd St NEWatertown, SD 57201
  • Utilities Included
Showing Results 1-31, 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 1 Bed unit found at Aberdeen Communities priced from $925. Wheatgrass Village I has the second lowest priced unit, which is a 2 Beds apartment currently listed from $990. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Aberdeen Communities1 BED 1BATH1BR,1BA$925
Wheatgrass Village I2X - 9062BR,1BA$990
Sioux VillageStudioStudio,1BA$995
Generations on 1st1BR/1.0BA1BR,1BA$1,010
Forte of Brookings: 50+ Community!Finch1BR,1BA$1,160
Trails HeadOne Bedroom Townhome1BR,1BA$1,250
Lake Area Townhomes2 Bedroom2BR,2BA$1,250
Marketplace ApartmentsF2BR,2BA$1,435
The Plains Apartments1635 - 2B2BR,2BA$1,625

Best Value Apartments for Rent in Frankfort, SD and Nearby

As of July 28, 2025 the best value apartment in the Frankfort area is the $1.22 price per square foot 3 Bed Model at Cloverfield Townhomes in the in the Downtown Brookings neighborhood starting from $2,200. The second greatest value Frankfort apartment is the 1631 - 3 Bedroom Model at The Plains Apartments starting at $1,975 with a $1.45 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.
Cloverfield Townhomes3 Bed3BR,2.5BA$1.22
The Plains Apartments1631 - 3 Bedroom3BR,2BA$1.45
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.00
Marketplace ApartmentsF2BR,2BA$1.40
Wheatgrass Village I2X - 9062BR,1BA$1.09
624 8th Ave SE, Unit 4624 8th Ave SE2BR,1BA$0.97
Generations on 1st1BR/1.0BA1BR,1BA$1.40
Trails HeadOne Bedroom Townhome1BR,1BA$1.79
Forte of Brookings: 50+ Community!Finch1BR,1BA$1.80
Aberdeen Communities1 BED 1BATH1BR,1BA$1.68

Quick Rent Budget Calculator

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

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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

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

The lowest price for a Cheap One Bedroom Frankfort Apartment is $820 at Lake Area Townhomes.

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 $990 at Wheatgrass Village I.

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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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.

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

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.