Cheap Apartments for Rent in Frankfort, SD from $500 (25 Rentals)

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

property at 906 N 2nd St

906 N 2nd St

AberdeenSD57401
property at 10 9th Ave SW

10 9th Ave SW

AberdeenSD57401
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Frankfort, SD Local Guide

Cheapest Available Frankfort Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankfort, SD is a 2 Beds unit found at 1631 Olive Dr priced from $795. Aberdeen Communities has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1631 Olive DrTwo Bedroom2BR,1BA$795
Aberdeen Communities1 BED 1BATH1BR,1BA$795
Lake Area Townhomes1 Bedroom1BR,1BA$810
Forte Living of Aberdeen: 50+ Community!StarlingStudio,1BA$850
630 S High StHigh Street #52BR,1BA$850

Best Value Apartments for Rent in Frankfort, SD and Nearby

As of March 26, 2025 the best value apartment in the Frankfort area is the $1.03 price per square foot TH 4P/B - 1,640 Model at Wheatgrass Village I in the starting from $1,695. The second greatest value Frankfort apartment is the 2BR/2.0BA Model at One & Two Willow Creek starting at $1,465 with a $1.12 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.
Wheatgrass Village ITH 4P/B - 1,6404BR,2.5BA$1.03
One & Two Willow Creek2BR/2.0BA2BR,2BA$1.12
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.00
Prairie Village ApartmentsPrairie Village 2 - 3 Bed - 2 Bath3BR,2BA$1.04
Wilkeshire Apartments2 Bed 1 Bath2BR,1BA$0.88
Marketplace ApartmentsF2BR,2BA$1.40
1631 Olive DrTwo Bedroom2BR,1BA$0.99
Generations on 1st1BR/1.0BA1BR,1BA$1.36
The Oaks1 Bedroom1BR,1BA$1.61
Aberdeen Communities1 BED 1BATH1BR,1BA$1.45

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Getting Around Frankfort, SD

Bike Score®

28 / 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 Forte Living of Aberdeen: 50+ Community! listed at $850.

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

The lowest price for a Cheap One Bedroom Frankfort Apartment is $795 at Aberdeen Communities.

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 $795 at 1631 Olive Dr.

What is the most affordable Frankfort Three Bedroom Apartment?

The best deal on a cheap Frankfort Three Bedroom Apartment rental is at The Plains Apartments and starts from $1,870.

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

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.