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Frankton, IN Home for Rent

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    $900

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Townhouse for Rent

    208 N Washington St, Frankton, IN 46044

    208 ½ N WASHINGTON ST FRANKTON **FRESHLY PAINTED THROUGHOUT**SEC DEP: $900.00RENT: $900.00 MONTHLY2 BEDROOM, 1 BATH DUPLEX LOCATED IN FRANKTON. NEW VINYL FLOORING THROUGHOUT. LIVING ROOM HAS LARGE BAY WINDOW. KITCHEN HAS LOTS OF CABINETS. A REFRIGERATOR AND AN ELECTRIC STOVE ARE PROVIDED. BATHROOM WITH TUB & SHOWER COMBO. BOTH BEDROOMS HAVE CLOSETS. WASHER & DRYER HOOK UP

    208 N Washington St, Frankton, IN 46044

Why Live in Frankton

Frankton, Indiana, is a small town in Madison County, surrounded by larger cities like Muncie, Kokomo, Anderson, and Indianapolis, all within an hour's drive. This proximity makes it an attractive option for those working in these cities but preferring a quieter, more affordable living environment. Frankton is known for its tight-knit community and family-friendly atmosphere, with residents feeling safe walking around even after dark. The town features a variety of home styles, including ranch-style designs and National Folk architecture, with most homes built between the 1940s and 1960s. There are also opportunities for new construction, particularly on the west side of town. Frankton's school system is highly rated, drawing families who prioritize education. Sports play a significant role in the local culture, drawing community support. Dining options are limited but cherished, with Bernie’s Bar, MJ Scoops, and Maranatha Coffee Company being local favorites. The town hosts several annual events, including the Heritage Days Festival and the Frankton Christmas Festival, providing plenty of activities for residents. Jefferson Park and Maple Meadows Park offer recreational spaces, while the Frankton Community Library and local churches serve as community hubs. Elwood, just 7 miles away, provides additional amenities, and larger cities like Anderson and Muncie are within a 20-mile radius. Indianapolis is a 45-mile drive, offering big-city attractions and an international airport.

Frequently Asked Questions

How much does it cost to rent a home in Frankton, IN?
The median rent for a home in Frankton, IN is $900 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Frankton, IN?
To comfortably afford the median rent in Frankton, IN, a household needs to earn roughly $36,000 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 $900 per month in Frankton, IN, renters typically need to show $2,700 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 Frankton, IN?
In Frankton, IN, the price-to-rent ratio is 19.7, 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.
What neighborhoods in Frankton, IN are best for renting a home?
The best neighborhood for renting in Frankton, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Noblesville, East Carmel, East Westfield, Westside and Anthony-Northside, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$900
Median Single Family Home Rent
$900
How to Rent a Home