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Frankfort, IN Homes for Rent

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  • /33

    Starting at $750 Per Month

    • Studio - 2 Beds

    700 Saint Marys Ave, Frankfort, IN 46041

    Turtle Creek Apartments of Frankfort is nestled in a peaceful setting. We offer just the right combination of comfort, convenience and value. Our friendly management team is dedicated to giving you a comfortable apartment home with exceptional service.

    Turtle Creek Frankfort

    700 Saint Marys Ave, Frankfort, IN 46041
  • /25

    Starting at $800 Per Month

    • Studio - 2 Beds

    55 N Jackson, Frankfort, IN 46041

    Nickel Plate Flats & Lofts is a luxury apartment building that offers its residents the best in upscale living. Located in the heart of Frankfort’s downtown district, the building is just minutes away from shopping, dining, and entertainment that the city has to offer. From the moment you step into the building, you'll be impressed by the luxurious finishes and amenities that are offered

    Nickel Plate Flats

    55 N Jackson, Frankfort, IN 46041
  • /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
  • /5

    $750 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    559 W Washington St Unit 5, Frankfort, IN 46041

    Property Id: 2115436Looking 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 bedroomKitchen with refrigerator and stove includedUtilities included for

    559 W Washington St Unit 5, Frankfort, IN 46041
  • /8

    $950 Per Month

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • 2 bed 1 bath home

    754 S 2nd St, Frankfort, IN 46041

    2 bed 1 bath house. New paint, new flooring, updates cabinets/ countertops, and washer/ dryer hookups. Fridge and stove included.

    754 S 2nd 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 $850 per month, though prices vary by neighborhood, size, and property type. As of July 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 $34,000 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 $850 per month in Frankfort, IN, renters typically need to show $2,550 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 19.9, 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, Sunnyside, Valley Center, West Carmel and Bridge Water, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$850
Median Single Family Home Rent
$950
Median Condo Rent
$750
How to Rent a Home