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Cheap Apartments for Rent in Frankfort, IN

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  • Apartments Under $800 Apartments Under $900 Apartments Under $1,000

  • Apartments Under $800

  • New Units Available
    1 bd $775+
    2 bd $1,035+
    Base rent
    Verified Listing

    Waterford Court

    4.5 (51)
    320 Waterford Court, Lafayette, IN 47905
    Apply online • Pet friendly • Parking

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  • Apartments Under $900

  • 5 units available
    1 bd $834+
    2 bd $1,085
    3 bd $1,200
    Base rent
    Verified Listing

    Paragon Pointe

    701 Stone Ridge Drive, Frankfort, IN 46041
    Apply online • Pet friendly • Patio/Balcony

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  • Apartments Under $1,000

  • Rewards
    1 bd $910+
    2 bd $1,000+
    Base rent
    Verified Listing

    Shaker Square

    4.5 (31)
    2375 Shaker Lane, Lebanon, IN 46052
    Pet friendly • Fitness center • Pool

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  • 1-2-city

Frequently asked questions

What is the price of a cheap apartment in Frankfort, IN?

The price range of a cheap apartment is between $834 and $1,200.

How many cheap rentals are available in Frankfort, IN on RentCafe?

There are 5 cheap rentals available on RentCafe. Prices and availability in Frankfort, IN were last updated on 20 Aug 2026.

What is the average size of a cheap apartment in Frankfort, IN?

The average Frankfort, IN cheap apartment size is 858 sq. ft.

What are the advantages of renting a cheap apartment in Frankfort, IN?

Cheap apartments in Frankfort, IN are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Frankfort, IN?

A cheap apartment in Frankfort, IN offers little storage space and fewer amenities compared to other apartments.