Cheap Apartments for Rent in Frankton, IN from $400 (42 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
property at 21 W 8th St

$700

Studio Rentals

Available Now

21 W 8th St

AndersonIN46016

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.

Read Article

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.

Read Article
close
View Me
Tipton Terrace
1 to 3 Bedroom Apartments

Tipton Terrace

319 Terrace CtTipton, IN 46072
  • Utilities Included

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.

Read Article
Showing Results 1-42, 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. University Village in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $514. 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
University Village4BD/2BA Furnished Premium4BR,2BA$514
The Haven4x44BR,4BA$565
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
Hoosier Woods3X2 HOME3BR,2BA$803
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$850
Harter HouseBlancheStudio,1BA$855
Cedar Ridge TownhomesThe Birch1BR,1BA$859
Sun Valley TownhomesTownhouse2BR,1BA$935

Best Value Apartments for Rent in Frankton, IN and Nearby

As of April 28, 2026 the best value apartment in the Frankton area is the $0.96 price per square foot The Pulse 5628 Model at Crestwood MHC in the starting from $1,499. The second greatest value Frankton apartment is the Townhouse Model at Sun Valley Townhomes starting at $1,300 with a $0.92 price per square foot . 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.
Crestwood MHCThe Pulse 56283BR,2BA$0.96
Sun Valley TownhomesTownhouse3BR,2.5BA$0.92
University Village4BD/2BA Furnished Premium4BR,2BA$0.39
Hoosier Woods3X2 60%3BR,2BA$0.94
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.12
Grissom Estates ApartmentsTwo Bedroom2BR,1BA$1.04
ApplecreekThe Golden2BR,1BA$1.16
Madison LakesOne Bedroom1BR,1BA$1.25
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.26
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

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

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

decorative image of woman handing cat to small boy

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

Explore Frankton, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Frankton, IN

View Map
Frankton, IN Apartments Map
View Map
Frankton, IN Rental Homes Map

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 $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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.