Cheap Homes for Rent in Frankton, IN from $700 (9 Rentals)

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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.

property at 4801 E Co Rd 67

4801 E Co Rd 67

ChesterfieldIN46017

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.

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.

Frankton, IN Local Guide

Cheapest Available Frankton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankton, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior priced from $250. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $510. Here is today’s list of the most affordable Frankton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
The Haven4x44BR,4BA$510
Hoosier Woods Apartments1x1 50%1BR,1BA$673

Best Value Apartments for Rent in Frankton, IN and Nearby

As of May 16, 2025 the best value apartment in the Frankton area is the $1.17 price per square foot (7182B1) 2x1 Model at Summerlake Meadows in the in the Barrington Estates neighborhood starting from $1,449. The second greatest value Frankton apartment is the 2 Beds, 2 Baths Model at Tin Plate Apartments starting at $1,195 with a $1.12 price per square foot . Here is today’s list of the best values for Frankton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summerlake Meadows(7182B1) 2x12BR,1BA$1.17
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.12
Grissom Estates ApartmentsTwo Bedroom2BR,1BA$1.13
Hoosier Woods Apartments2x2 60%2BR,2BA$1.06
ApplecreekThe Jonathan.2BR,2BA$1.20
Villages on Madison Apartments2x1 R-Prem2BR,1BA$1.23
Cedar Ridge TownhomesThe Maple2BR,1BA$1.14
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$1.27
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

Quick Rent Budget Calculator

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Frequently Asked Questions about Frankton

What type of rentals are currently available in Frankton?

There are currently 38 Apartments for Rent in Frankton, IN with pricing that ranges from $250 to $3,630. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frankton ranging from $750 to $3,950.

What is the current price range for Rental Homes in Frankton?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Frankton ranges from $750 to $3,950 with an average monthly rent of $1,391.

How much are larger Three and Four Bedroom Rentals in Frankton?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Frankton range from $539 to $3,630, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,515. Four Bedroom Single-Family rentals are also available starting from $1,180 and Four Bedroom Apartments start at $350.

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.