Cheap Apartments for Rent in Frankfort, IN from $600 (38 Rentals)

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

property at 501 S Main St

501 S Main St

FrankfortIN46041

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Spring Brook Apartments
1 to 3 Bedroom Apartments

Spring Brook Apartments

701 Stone Ridge DrFrankfort, IN 46041
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The Brakeman
Studio to 2 Bedroom Apartments

The Brakeman

230 S Lebanon StLebanon, IN 46052
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Frankfort, IN Local Guide

Cheapest Available Frankfort Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankfort, IN is a Studio unit found at Turtle Creek Frankfort priced from $600. Eastgate Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Turtle Creek FrankfortEmeraldStudio,1BA$600
Eastgate TownhomesStudioStudio,1BA$650
STERLING COURT APARTMENTSApartment 1bd1BR,1BA$775
Nickel Plate FlatsCaruso1BR,1BA$875
Georgetown South1 Bedroom1BR,1BA$950
Pheasant RunThe Dove 2 BR 1 BA2BR,1BA$968
Waterford CourtTwo Bed One Bath (CN1)2BR,1BA$971
Village Square Apartments1x1A R1BR,1BA$982
Deerfield Commons ApartmentsDigby1BR,1BA$995
Cross Winds Apartments1x1 800 Sq Ft1BR,1BA$1,000

Best Value Apartments for Rent in Frankfort, IN and Nearby

As of April 18, 2025 the best value apartment in the Frankfort area is the $1.12 price per square foot 1055 Delphi Ave Model at 1055 Delphi Ave, Unit 1055 in the starting from $1,100. The second greatest value Frankfort apartment is the Two Bedroom Model at Kise Estates Apartments starting at $1,095 with a $1.14 price per square foot in the Lebanon Whitestown neighborhood. Here is today’s list of the best values for Frankfort apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1055 Delphi Ave, Unit 10551055 Delphi Ave2BR,1.5BA$1.12
Kise Estates ApartmentsTwo Bedroom2BR,1BA$1.14
Parkview of LebanonThompson2BR,1BA$1.32
Waterford CourtTwo Bed One Bath (CN1)2BR,1BA$1.06
Twyckenham ApartmentsTwo bedroom2BR,1BA$1.33
Cross Winds Apartments1x1 800 Sq Ft1BR,1BA$1.25
Georgetown South1 Bedroom1BR,1BA$1.19
Nickel Plate FlatsCaruso1BR,1BA$1.24
STERLING COURT APARTMENTSApartment 1bd1BR,1BA$1.30
Eastgate TownhomesStudioStudio ,1BA$1.35

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Getting Around Frankfort, IN

Walk Score®

25 / 100

Car-Dependent

Most errands require a car

Bike Score®

34 / 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 Frankfort Apartments

What is the Cheapest Studio apartment in Frankfort?

Currently the most affordable Cheap Studio Apartment in Frankfort is at Turtle Creek Frankfort listed at $600.

How much is rent for a Cheap One Bedroom Frankfort Apartment?

The lowest price for a Cheap One Bedroom Frankfort Apartment is $775 at STERLING COURT APARTMENTS.

What is the lowest price for a Cheap Two Bedroom Frankfort Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Frankfort is starting from $968 at Pheasant Run.

What is the most affordable Frankfort Three Bedroom Apartment?

The best deal on a cheap Frankfort Three Bedroom Apartment rental is at Deerfield Commons Apartments and starts from $1,430.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.