8

Frankfort, IN Homes for Rent

Section Image
  • /17

    Starting at $1,050 Per Month

    • 2 Beds

    495 Hot Dog St, Frankfort, IN 46041

    Frankfort's best apartments, quiet peaceful setting close to schools and shopping. The best value with comfort and convenience you can find. Give us a call and we can get you in your apartment today. Located in charming Frankfort, Indiana...Close to Shopping...Walking Distance to Schools. A place that allows you your own personal space with a private entrance, and parking. A friendly atmosphere

    Eastgate Townhomes

    495 Hot Dog St, Frankfort, IN 46041
  • /11

    Starting at $975 Per Month

    • 2 - 3 Beds

    112 Autumn Ct, Frankfort, IN 46041

    STERLING COURT APARTMENTS

    112 Autumn Ct, Frankfort, IN 46041
  • /5

    $750 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    559 W Washington St Unit 5, Frankfort, IN 46041

    Property Id: 2115436 Looking for a cozy and convenient place to call home? This 1-bedroom 2nd story apartment is the perfect fit! Located in Frankfort, right in the heart of Central Indiana, you’ll enjoy easy access to Lafayette, Lebanon, and Indianapolis. Features include: 1 comfortable bedroom Kitchen with refrigerator and stove included Utilities included for

    559 W Washington St Unit 5, Frankfort, IN 46041
  • /32

    $1,200

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    1157 S Prairie St Unit 1 1157, Frankfort, IN 46041

    2 bedroom, 1 bath duplex. Off street parking. Totally renovated and remodeled. Vinyl plank floors, stainless steel appliances. New everything. A must see. Granite countertops, soft close new cabinets. Washer and dryer in unit. $3,600 due at lease signing ($1,200.First month’s rent, $1,200. Last month’s rent, and $1,200.00 deposit) no exceptions please. Background checks will be done. Income to

    1157 S Prairie St Unit 1 1157, Frankfort, IN 46041
  • /7

    $1,249 Per Month

    • 2 Beds
    • 1 Bath
    • 1,325 Sq Ft
    • House for Rent

    253 W Morrison St, Frankfort, IN 46041

    Welcome to 253 W Morrison St, a beautifully fully renovated 2-bedroom home offering modern comfort, thoughtful design, and low-maintenance living in the heart of Frankfort. Every detail has been updated—featuring a brand-new interior, stylish finishes, and a bright, open feel throughout. The home offers 1,125 square feet of living space, ideal for comfortable everyday living or

    253 W Morrison St, Frankfort, IN 46041

Why Live in Frankfort

Frankfort, Indiana, a small city of nearly 17,000 residents, is located less than 50 miles northwest of Indianapolis. The city boasts historic architecture, with notable landmarks such as "Old Stoney," a former 1892 sandstone schoolhouse now housing the Clinton County Historical Society and Museum, and the Clinton County Courthouse with its distinctive dome and clock. Downtown Frankfort features murals that depict the city's vibrant history. Known for its manufacturing sector, Frankfort is home to two Frito-Lay plants and the Donaldson Company, providing significant employment opportunities. Housing in Frankfort is affordable, with a median home price around $200,000, featuring a mix of Victorian-era homes, Queen Annes, brick Federal-styles, cottages, and bungalows. The city has a lower crime rate compared to the national average. Frankfort hosts annual events like the Hot Dog Festival and the Hispanic Heritage Festival, celebrating its diverse community. Residents enjoy green spaces such as Circle Park and Dorner Park, as well as TPA Park, which includes a petting zoo and various sports facilities. The local dining scene is rich with Mexican restaurants and markets, alongside other eateries and grocery stores like Walmart and Aldi. State Highway 39 provides connectivity to Indianapolis, and the nearest commercial airport is Indianapolis International Airport, 50 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Frankfort, IN?
The median rent for a home in Frankfort, IN is $1,200 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Frankfort, IN?
To comfortably afford the median rent in Frankfort, IN, a household needs to earn roughly $48,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,200 per month in Frankfort, IN, renters typically need to show $3,600 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Frankfort, IN?
In Frankfort, IN, the price-to-rent ratio is 14.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Frankfort, IN are best for renting a home?
The best neighborhood for renting in Frankfort, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Columbian Park, Valley Center, Bridge Water, South Oakland and Central, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,200
Median Single Family Home Rent
$1,249
Median Condo Rent
$975
How to Rent a Home