Rentometer, Inc. | Data as of 10/23/2025
Frankfort, IN, offers a welcoming metro environment that blends historic charm with modern convenience. Nestled just a short drive from Indianapolis, the city features a vibrant downtown district, riverfront parks, and cultural landmarks such as the iconic Frankfort Theatre and the historic Franklin County Courthouse. Residents enjoy easy access to major highways, a thriving local business scene, and a close‑knit community atmosphere that makes it an appealing destination for both professionals and families seeking a balanced lifestyle.
The rental market in Frankfort is centered around apartment living, providing a range of options from studios to two‑bedroom units. Studios typically fall in the $600s, while one‑bedroom apartments are commonly found in the $800s, and two‑bedroom layouts approach the $1,000 mark. Many properties feature modern amenities such as on‑site fitness centers, upgraded kitchens, and convenient parking. Proximity to local schools, shopping centers, and public transit enhances the appeal of these rentals, making it straightforward for tenants to enjoy everyday necessities without long commutes.
Neighborhoods like the historic district and the growing Riverbend area showcase a mix of tree‑lined streets and easy access to recreational trails, dining, and entertainment venues. With its blend of affordability, community spirit, and convenient location, Frankfort continues to attract renters looking for a quality lifestyle within Indiana’s thriving metro corridor.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $675 | $675 | $625 - $725 | $650 - $725 |
| Apartment | 1 Bedroom | $850 | $842 | $725 - $1,000 | $800 - $900 |
| Apartment | 2 Bedroom | $979 | $975 | $725 - $1,425 | $850 - $1,060 |
In the current period, the average rent in Frankfort, IN was
$675 for Studio,
$850 for 1 Bedroom, and
$979 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.