Apartments for Rent in Frankfort, IN

Prices and availability in Frankfort, IN were last updated on 14 May 2026.

The best apartment in Frankfort, IN is: Paragon Pointe.

The average rent in Frankfort, IN is $818.

The price range for a 1-bedroom apartment in Frankfort, IN is between $834 and $866.

In Frankfort, 40% of the residents are renting compared to 60% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 11% of Frankfort's rentals, 44% are small-scale complexes with under 50 units, and 43% are single-family rentals.

The average age of rental buildings in Frankfort is 42 years old, with 13% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 2 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Frankfort come in a range of sizes and floorplans. Studio apartments represent 7% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 49% of the total apartments in the city, while 2-bedroom floorplans represent around 36% of all rentals in Frankfort. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.