What's the average rent in Frankfort, IN?
Rental Market Trends in Frankfort, IN
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Frankfort, IN is $975 per month, which is 49% lower than the national average rent of $1,910 per month.
AVERAGE RENT
$975
-2.1%-$21 decrease month-over-month
21.9%$175 increase year-over-year
AVAILABLE RENTALS
18
APARTMENTS
HOUSES
TOWNHOUSES
As of May 2026, houses are the most affordable rental option in Frankfort, IN at $850 per month, while townhomes are the most expensive at $1,300 per month. Apartments average $878 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $685 |
| 2 Bedrooms | $1,049 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | — |
| All | $975 |
As of May 2026, the average rent for a 1 bedroom rental in Frankfort, IN is $685 per month, followed by $1,049 for a 2 bedroom rental, and $1,200 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,300 |
As of May 2026, the average rent for a 2 bedroom townhome in Frankfort, IN is $1,300 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,049 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,049 |
As of May 2026, the average rent for a 1 bedroom apartment in Frankfort, IN is $800 per month, followed by $1,049 for a 2 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $850 |
| 2 Bedrooms | — |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | — |
| All | $850 |
As of May 2026, the average rent for a 1 bedroom house in Frankfort, IN is $850 per month, followed by $1,500 for a 3 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +38% compared to the previous year, which is a +$274 increase.
This year (2026)
Last year (2025)
Rent distribution
76% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $550 to $1,500.
