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Studio Apartment for Rent in Frankfort, IN

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    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

    (765) 279-1105

    700 Saint Marys Ave, 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 $962 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and 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 $38,480 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 $962 per month in Frankfort, IN, renters typically need to show $2,886 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 17.7, 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.

Rental Home Trends in Frankfort, IN

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$962
Median Single Family Home Rent
$1,395
Median Townhouse Rent
$850
Median Condo Rent
$913
How to Rent a Home