Cheap Homes for Rent in Frankton, IN from $500 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

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.

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.

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. 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 ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
The Haven4x44BR,4BA$530
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790

Best Value Apartments for Rent in Frankton, IN and Nearby

As of September 08, 2025 the best value apartment in the Frankton area is the $0.62 price per square foot 2BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $809. The second greatest value Frankton apartment is the 3x1.5 R Model at Canterbury Townhomes starting at $1,438 with a $1.11 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/2BA Furnished Premium2BR,2BA$0.62
Canterbury Townhomes3x1.5 R3BR,1.5BA$1.11
Summerlake Meadows(7182B1) 2x12BR,1BA$1.21
Crestwood MHCAdvantage3BR,2BA$1.03
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.12
Grissom Estates ApartmentsTwo Bedroom2BR,1BA$1.16
Spacious 1, 2 & 3 Bedrooms!2S2BR,1BA$1.21
Cross Lakes Apartments1x1WD R1BR,1BA$1.27
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

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 #45

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

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

Frequently Asked Questions about Frankton

What type of rentals are currently available in Frankton?

There are currently 42 Apartments for Rent in Frankton, IN with pricing that ranges from $250 to $3,177. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frankton ranging from $525 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 $525 to $2,515 with an average monthly rent of $1,222.

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 $3,177, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.