1604 W 15th St
AndersonIN46016
Cheap Homes for Rent in Frankton, IN from $500 (22 Rentals)
Search the lowest-cost Homes available for rent right now in Frankton.
336 W 6th St
AndersonIN46016
113 E 1st St
AlexandriaIN46001
119 E 1st St
AlexandriaIN46001
309.5 Central Ave
AndersonIN46012
21 W 8th St
AndersonIN46016
1807 Raible Ave
AndersonIN46011
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.
712 Ranike Dr
AndersonIN46012
519 W 2nd St
AndersonIN46016
1719 Johnson Ave
AndersonIN46016
1123 Louise St
AndersonIN46016
2625 Main St
AndersonIN46016
223 E 11th St
AndersonIN46016
1516 Fulton St
AndersonIN46016
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.
113 N Harrison St
AlexandriaIN46001
2324 Chase St
AndersonIN46016
1807 W 27th St
AndersonIN46016
1614 W 18th St
AndersonIN46016
1404 Walton St
AndersonIN46016
221 E 13th St
AndersonIN46016
101-103 N Redwood Ln
MuncieIN47304
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.
1631 W 7th St
AndersonIN46016
Showing Results 1-22, Page 1 of 1
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 | $982 | $850 | $1,150 |
| Frankton 3 Bedroom Homes for Rent | $1,251 | $995 | $1,750 |
| Frankton 4 Bedroom Homes for Rent | $1,983 | $1,295 | $2,655 |
| Frankton 6 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
Browse Top Homes for Rent in Frankton
Explore Frankton
Frankton, IN Local Guide
- Nearby Cities
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $514 |
| The Haven | 4x4 | 4BR,4BA | $565 |
| Longfellow Plaza Affordable Senior Community | Studio | Studio,1BA | $790 |
| Hoosier Woods | 3X2 HOME | 3BR,2BA | $803 |
Best Value Apartments for Rent in Frankton, IN and Nearby
As of May 18, 2026 the best value apartment in the Frankton area is the $0.92 price per square foot Townhouse Model at Sun Valley Townhomes in the starting from $1,300. The second greatest value Frankton apartment is the 4BD/2BA Furnished Premium Model at University Village starting at $514 with a $0.39 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 | $0.92 |
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $0.39 |
| Applecreek | The Braeburn | 3BR,2BA | $1.29 |
| Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.12 |
| Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.04 |
| Madison Lakes | One Bedroom | 1BR,1BA | $1.25 |
| Hoosier Woods | 1X1 60% | 1BR,1BA | $1.20 |
| 6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.26 |
| 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 |
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
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.
Read ArticleQuick 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 LifestyleFrankton, IN
Ranked #91
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!
Explore Frankton, IN Rentals by Map
See the most popular apartments and homes in Frankton, IN
Frequently Asked Questions about Frankton
What type of rentals are currently available in Frankton?
There are currently 45 Apartments for Rent in Frankton, IN with pricing that ranges from $250 to $3,650. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frankton ranging from $525 to $3,800.
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 $3,800 with an average monthly rent of $1,556.
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 $549 to $3,650, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $1,750. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $449.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.
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.
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.