Cheap Apartments for Rent in Frankfort, IN from $600 (36 Rentals)

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Cheap Apartments in Frankfort.

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Spring Brook Apartments
1 to 3 Bedroom Apartments

Spring Brook Apartments

701 Stone Ridge DrFrankfort, IN 46041
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Showing Results 1-36, Page 1 of 1

Frankfort, IN Local Guide

Cheapest Available Frankfort Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankfort, IN is a 1 Bed unit found at Pheasant Run in the Downtown Lafayette neighborhood priced from $864. Nickel Plate Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pheasant RunThe Quail Run 1 BR 1 BA1BR,1BA$864
Nickel Plate FlatsCaruso1BR,1BA$875
Georgetown South1 Bedroom1BR,1BA$950
Village Square Apartments1x1A R1BR,1BA$992
Deerfield Commons ApartmentsDigby1BR,1BA$995
Cross Winds Apartments1x1 800 Sq Ft1BR,1BA$1,000
Kise Estates ApartmentsTwo Bedroom2BR,1BA$1,095
The BrakemanD1BR,1BA$1,149
451 Lebanon Apartments1B1BR,1BA$1,180

Best Value Apartments for Rent in Frankfort, IN and Nearby

As of May 04, 2025 the best value apartment in the Frankfort area is the $1.39 price per square foot Grand - Garage Included Model at Avalon Bluffs in the starting from $2,200. The second greatest value Frankfort apartment is the 3 Bedroom 2.5 Bathroom The Lawrence Model at Honor Meadows Owner LLC starting at $1,999 with a $1.36 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.
Avalon BluffsGrand - Garage Included3BR,2BA$1.39
Honor Meadows Owner LLC3 Bedroom 2.5 Bathroom The Lawrence3BR,2.5BA$1.36
Parkview of LebanonThe Birchwood (Renovated)2BR,2BA$1.20
Sagamore Winds Apartments2 Bed/2 Bath B2BR,2BA$1.38
1055 Delphi Ave, Unit 10551055 Delphi Ave2BR,1.5BA$1.12
Kise Estates ApartmentsTwo Bedroom2BR,1BA$1.14
The Reserve at Madison FlattsOne Bedroom1BR,1BA$1.44
Cross Winds Apartments1x1 800 Sq Ft1BR,1BA$1.25
Georgetown South1 Bedroom1BR,1BA$1.19
Nickel Plate FlatsCaruso1BR,1BA$1.24

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Best Local Schools in
Frankfort, IN

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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 Hickory Cottages listed at $1,359.

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

The lowest price for a Cheap One Bedroom Frankfort Apartment is $864 at Pheasant Run.

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 $975 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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.

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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.