Cheap Apartments for Rent in Frankton, IN from $300 (18 Rentals)

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

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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Showing Results 1-18, 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 priced from $250. Longfellow Plaza Affordable Senior Community has the second lowest priced unit, which is a Studio apartment currently listed from $790. 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
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$799
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850
Applecreek.The Washington1BR,1BA$865

Best Value Apartments for Rent in Frankton, IN and Nearby

As of July 24, 2025 the best value apartment in the Frankton area is the $1.45 price per square foot Forestwood Model at Redwood Noblesville Harewood Drive N in the in the Brooks Chase neighborhood starting from $1,880. The second greatest value Frankton apartment is the The Majestic Model at Autumn Breeze Apartments starting at $1,819 with a $1.48 price per square foot in the Barrington Estates 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.
Redwood Noblesville Harewood Drive NForestwood2BR,2BA$1.45
Autumn Breeze ApartmentsThe Majestic3BR,2BA$1.48
The Daugherty PreserveThe Daugherty Preserve Premium Garden Apartment2BR,2BA$1.51
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.12
Grissom Estates ApartmentsTwo Bedroom2BR,1BA$1.16
Cross Lakes Apartments1x1WD R-Prem1BR,1BA$1.33
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$1.27
Applecreek.The Washington1BR,1BA$1.48
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Frankton, IN

Ranked #35

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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Getting Around Frankton, IN

Walk Score®

14 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

30 / 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 Frankton Apartments

What is the Cheapest Studio apartment in Frankton?

Currently the most affordable Cheap Studio Apartment in Frankton is at Longfellow Plaza Affordable Senior Community listed at $790.

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 $1,000 at Colonial Crest Apartments.

What is the most affordable Frankton Three Bedroom Apartment?

The best deal on a cheap Frankton Three Bedroom Apartment rental is at Forest Oaks Apartments and starts from $1,060.

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.