Cheap Apartments for Rent in Frankfort, MI from $400 (24 Rentals)

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

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Ruth Park
1 to 2 Bedroom Apartments

Ruth Park

520 Wellington StTraverse City, MI 49686
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Annika Place
1 to 2 Bedroom Apartments

Annika Place

947 S Garfield AveTraverse City, MI 49686
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Liv Wildwood
1 to 3 Bedroom Apartments

Liv Wildwood

153 S Wildwood TrlLudington, MI 49431
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122 Hancock St
3 Bedroom Apartments

122 Hancock St

122 Hancock StManistee, MI 49660
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Liv Arbors
1 to 5 Bedroom Apartments

Liv Arbors

2955 Leggett DrTraverse City, MI 49685
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Frankfort, MI Local Guide

Cheapest Available Frankfort Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankfort, MI is a 2 Beds unit found at Ruth Park in the Downtown Traverse City neighborhood priced from $405. Lofts on Rowe has the second lowest priced unit, which is a Studio apartment currently listed from $1,081. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ruth ParkTwo Bedroom2BR,1BA$405
Lofts on RoweStudioStudio,1BA$1,081
Cherry Hills Apartments2 Bedroom2BR,1BA$1,095
Cadillac Lofts1-Bedroom1BR,1BA$1,138
Sugar Plum Apartments1bdm1BR,1BA$1,200

Best Value Apartments for Rent in Frankfort, MI and Nearby

As of April 08, 2025 the best value apartment in the Frankfort area is the $1.88 price per square foot Terrace Estates Condos Model at Terrace Bluff Condominiums in the in the Downtown Traverse City neighborhood starting from $2,400. The second greatest value Frankfort apartment is the Three Bedroom Model at Brookside Commons starting at $1,485 with a $1.18 price per square foot . 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.
Terrace Bluff CondominiumsTerrace Estates Condos3BR,2BA$1.88
Brookside CommonsThree Bedroom3BR,2BA$1.18
Ridge45 ApartmentsSolstice South2BR,2BA$1.64
The Peninsula ApartmentsTwo Bedrooms Two Bathrooms Lower2BR,2BA$1.57
Holiday Village Townhomes2 BED/1.5 BATH2BR,1.5BA$1.66
Annika PlaceTwo Bedroom2BR,1BA$1.42
Cherry Hills Apartments2 Bedroom Ultra2BR,1BA$1.28
Edge 72Traveler1BR,1BA$1.87
Ruth ParkOne Bedroom1BR,1BA$1.87
Sugar Plum Apartments1bdm1BR,1BA$1.83

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Getting Around Frankfort, MI

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some 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

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

The lowest price for a Cheap One Bedroom Frankfort Apartment is $1,138 at Cadillac Lofts.

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 $405 at Ruth Park.

What is the most affordable Frankfort Three Bedroom Apartment?

The best deal on a cheap Frankfort Three Bedroom Apartment rental is at Brookside Commons and starts from $1,485.

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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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.