1604 W 15th St
AndersonIN46016
Cheap Homes for Rent in Frankton, IN from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Frankton.
309.5 Central Ave
AndersonIN46012
605 E 5th St
AndersonIN46012
278 W 375 N
AndersonIN46012
21 W 8th St
AndersonIN46016
1601 Fairview St
AndersonIN46016
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Frankton, IN Local Guide
Autumn color by Steve Baker is licensed under CC BY 2.0
How much does it cost to rent a home in Frankton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Frankton 2 Bedroom Homes for Rent | $1,244 | $975 | $1,550 |
| Frankton 3 Bedroom Homes for Rent | $1,539 | $900 | $2,515 |
| Frankton 4 Bedroom Homes for Rent | $1,325 | $1,200 | $1,450 |
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Frankton, IN Local Guide
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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. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $530. Here is today’s list of the most affordable Frankton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
| The Haven | 4x4 | 4BR,4BA | $530 |
| Longfellow Plaza Affordable Senior Community | Studio | Studio,1BA | $790 |
Best Value Apartments for Rent in Frankton, IN and Nearby
As of October 27, 2025 the best value apartment in the Frankton area is the $0.94 price per square foot Townhouse Model at Sun Valley Townhomes in the starting from $1,327. The second greatest value Frankton apartment is the 2BD/2BA Furnished Premium Model at University Village starting at $809 with a $0.62 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.94 |
| University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
| Summerlake Meadows | (7182B1) 2x1 | 2BR,1BA | $1.21 |
| Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.12 |
| Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.04 |
| Hoosier Woods | 2X2 60% | 2BR,2BA | $0.99 |
| Bison Ridge Estates | 2b 2b Traditional | 2BR,2BA | $1.23 |
| Cedar Ridge Townhomes | The Willow | 2BR,1BA | $1.21 |
| Forest Oaks Apartments | 1 Bed 1 Bath (Down) | 1BR,1BA | $1.27 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
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Pet Friendly LifestyleFrankton, IN
Ranked #83
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Frankton
What type of rentals are currently available in Frankton?
There are currently 44 Apartments for Rent in Frankton, IN with pricing that ranges from $250 to $3,249. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frankton ranging from $600 to $2,515.
What is the current price range for Rental Homes in Frankton?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Frankton ranges from $600 to $2,515 with an average monthly rent of $1,125.
How much are larger Three and Four Bedroom Rentals in Frankton?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Frankton range from $539 to $3,249, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,515. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $350.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.