What is the average apartment size in Frankfort?

The average size for a Frankfort, IN apartment is 700 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Frankfort?

As of Jan / 2026, the average rent in Frankfort is $882 per month, a 1.14% decrease from last years average of $892.

What is the average apartment size in Frankfort?

The typical apartment in Frankfort offers about 700 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Frankfort, IN Rental Market Trends

Q: What's the typical rent budget in Frankfort?

The typical rent budget in Frankfort ranges from to per month, with 76% of rentals in this range.

Q: Do most people rent or own in Frankfort?

In Frankfort, 41% of households rent while 59% own their homes, based on the latest U.S. Census data.

Last updated: February 20, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Frankfort is $882, a 1.14% decrease compared to the previous year, when the average rent was $892.

One-bedroom apartments provide 558 square feet for $765, balancing privacy and affordability.

Two-beedroom units at $963 offer 792 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,105 sq ft) for $1,200, suitable for larger households.

Average rent in Frankfort, IN

Last updated: February 20, 2026

	Average Rent	Average Apartment Size
All Rentals	$882	700 sq. ft.
Studio	n/a	n/a
1 Bed	$765	558 sq. ft.
2 Beds	$963	792 sq. ft.
3 Beds	$1,200	1,105 sq. ft.

Frankfort, IN rent trends

Rental prices in Frankfort, IN have decreased by 1.14% over the past year. The average rent moved from $892 to $882.

What's the typical rent budget in Frankfort, IN?

The largest share of rentals in Frankfort, IN (76%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Frankfort, IN?

2,420 or 41% of the households in Frankfort, IN are renter-occupied while 3,442 or 59% are owner-occupied.

How Frankfort Compares to Other Cities

City	Average Rent
Frankfort	$882
Indianapolis	$1,252
Jeffersonville	$1,240
Greenwood	$1,369
New Albany	$1,121
Bloomington	$1,631
Noblesville	$1,545
Carmel	$1,658
Fishers	$1,646
Fort Wayne	$1,143
Lafayette	$1,198
West Lafayette	$1,915
Kokomo, IN	$1,032
Brownsburg, IN	$1,612
Avon, IN	$1,521
Westfield, IN	$1,661
Whitestown, IN	$1,672
Lebanon, IN	$1,307
Zionsville, IN	$1,733
Danville, IN	$1,593

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Frankfort apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.