
Cheap Homes for Rent in Frankton, IN from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Frankton.


1807 Raible Ave

1222 Nichol Ave
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.

4801 E Co Rd 67

1823 Halford St

939 Indiana Ave
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.

2103 Arrow Ave

1121 E 29th St

2121 Madison Ave
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

How much does it cost to rent a home in Frankton?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Frankton 2 Bedroom Homes for Rent | $1,317 | $900 | $1,850 |
Frankton 3 Bedroom Homes for Rent | $1,410 | $850 | $2,515 |
Frankton 4 Bedroom Homes for Rent | $2,037 | $1,180 | $3,950 |
Browse Top Homes for Rent in Frankton
Explore Frankton
Frankton, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
The Haven | 4x4 | 4BR,4BA | $510 |
Hoosier Woods Apartments | 1x1 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Summerlake Meadows | (7182B1) 2x1 | 2BR,1BA | $1.17 |
Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.12 |
Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.13 |
Hoosier Woods Apartments | 2x2 60% | 2BR,2BA | $1.06 |
Applecreek | The Jonathan. | 2BR,2BA | $1.20 |
Villages on Madison Apartments | 2x1 R-Prem | 2BR,1BA | $1.23 |
Cedar Ridge Townhomes | The Maple | 2BR,1BA | $1.14 |
6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
Forest Oaks Apartments | 1 Bed 1 Bath (Down) | 1BR,1BA | $1.27 |
The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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.

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.

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.

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.

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.