Cheap Apartments for Rent in Frankfort, SD from $600 (33 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 1007 N 2nd St

1007 N 2nd St

AberdeenSD57401

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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Archer Flats
Studio to 1 Bedroom Apartments

Archer Flats

2308 14th Ave NEWatertown, SD 57201
  • Utilities Included

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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Parkside Place
1 Bedroom Apartments

Parkside Place

8 2nd St NEWatertown, SD 57201
  • Utilities Included
Showing Results 1-33, Page 1 of 1

Frankfort, SD Local Guide

Cheapest Available Frankfort Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankfort, SD is a 1 Bed unit found at Aberdeen Communities priced from $795. Lake Area Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Aberdeen Communities1 BED 1BATH1BR,1BA$795
Lake Area Townhomes1 Bedroom1BR,1BA$820
630 S High StHigh Street #52BR,1BA$850
Trails HeadDriftwoodStudio,1BA$890
Forte of Brookings: 50+ Community!StarlingStudio,1BA$895
Wilkeshire Apartments1 Bed 1 Bath1BR,1BA$900
Wheatgrass Village I2X - 9062BR,1BA$990
The LoftsA1BR,1BA$995
Generations on 1st1BR/1.0BA1BR,1BA$995
The Oaks1 Bedroom1BR,1BA$1,000

Best Value Apartments for Rent in Frankfort, SD and Nearby

As of May 11, 2025 the best value apartment in the Frankfort area is the $1.12 price per square foot 2BR/2.0BA Model at One & Two Willow Creek in the starting from $1,465. The second greatest value Frankfort apartment is the 1 Bedroom Model at Lake Area Townhomes starting at $820 with a $0.69 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.
One & Two Willow Creek2BR/2.0BA2BR,2BA$1.12
Lake Area Townhomes1 Bedroom1BR,1BA$0.69
Marketplace ApartmentsF2BR,2BA$1.36
Wheatgrass Village I2X - 9062BR,1BA$1.09
Wilkeshire Apartments1 Bed 1 Bath1BR,1BA$1.04
Generations on 1st1BR/1.0BA1BR,1BA$1.38
The LoftsA1BR,1BA$1.47
Forte Living of Aberdeen: 50+ Community!Finch1BR,1BA$1.53
The Oaks1 Bedroom1BR,1BA$1.61
Aberdeen Communities1 BED 1BATH1BR,1BA$1.45

Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Frankfort, SD Rentals by Map

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See the most popular apartments and homes in Frankfort, SD

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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 Trails Head listed at $890.

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 $850 at 630 S High St.

What is the most affordable Frankfort Three Bedroom Apartment?

The best deal on a cheap Frankfort Three Bedroom Apartment rental is at Wheatgrass Village I and starts from $1,225.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.