Cheap Apartments for Rent near Frankton, IN from $449 (33 Rentals)

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

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.

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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.

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Harter House
Studio to 1 Bedroom Apartments

Harter House

600 Main StAnderson, IN 46016

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Tipton Terrace
1 to 3 Bedroom Apartments

Tipton Terrace

319 Terrace CtTipton, IN 46072
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-33, Page 1 of 1

Frankton, IN Local Guide

Cheapest Available Frankton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankton, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior in the Anderson neighborhood priced from $250. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $565. Here is today’s list of the most affordable Frankton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
The Haven4x44BR,4BA$565
Harter HouseRoseStudio,1BA$779
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850
1212 Meridian Flats1x11BR,1BA$850
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$850
Cedar Ridge TownhomesThe Birch1BR,1BA$859
Hoosier Woods1X1 60%1BR,1BA$886
Colonial Crest ApartmentsUnfurnished Studio1BR,1BA$900

Best Value Apartments for Rent in Frankton, IN and Nearby

As of September 10, 2026 the best value apartment in the Frankton area is the $0.60 price per square foot 2BD + Den/2BA Unfurnished Premium Model at University Village in the in the Westacres neighborhood starting from $779. The second greatest value Frankton apartment is the 3x2.5 Model at Canterbury Townhomes starting at $1,460 with a $1.22 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for Frankton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Village2BD + Den/2BA Unfurnished Premium2BR,2BA$0.60
Canterbury Townhomes3x2.53BR,2.5BA$1.22
Hoosier Woods3X2 60%3BR,2BA$0.94
1212 Meridian Flats2x12BR,1BA$1.21
Grissom Estates ApartmentsTwo Bedroom2BR,1BA$1.04
Villages on Madison Apartments2x1 R-Prem2BR,1BA$1.29
Madison LakesOne Bedroom1BR,1BA$1.25
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.26
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$1.27
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

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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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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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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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.

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Pet Friendly Lifestyle
Frankton, IN

Ranked #97

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Frankton, IN Rentals by Map

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See the most popular apartments and homes in Frankton, IN

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Frequently Asked Questions about Cheap Frankton Apartments

What is the Cheapest Studio apartment in Frankton?

Currently the most affordable Cheap Studio Apartment in Frankton is at Harter House listed at $779.

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

The lowest price for a Cheap One Bedroom Frankton Apartment is $250 at The Towers at Southdale Affordable Senior.

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

Today's best deal for a Cheap Two Bedroom Apartment in Frankton is starting from $720 at The Haven.

What is the most affordable Frankton Three Bedroom Apartment?

The best deal on a cheap Frankton Three Bedroom Apartment rental is at The Haven and starts from $575.

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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.