2-Bedroom Apartment Rent in Frankfort, IN
Median asking rent for a 2-bedroom apartment in Frankfort, Indiana as of August 2026. That's +26% higher than the citywide median of $967 and +26% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Frankfort
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Frankfort
Compare Frankfort's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Crawfordsville | $821 |
| 2 | East Chicago | $930 |
| 3 | Marion | $930 |
| 4 | New Castle | $930 |
| 5 | Richmond | $940 |
| 6 | Angola | $970 |
| 7 | La Porte | $978 |
| 8 | Muncie | $978 |
| 9 | Kokomo | $990 |
| 10 | Michigan City | $1,020 |
| 11 | Terre Haute | $1,023 |
| 12 | Elkhart | $1,055 |
| 13 | Warsaw | $1,060 |
| 14 | Evansville | $1,068 |
| 15 | Mishawaka | $1,085 |
Most expensive cities for a 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $1,870 |
| 2 | Whitestown | $1,790 |
| 3 | Carmel | $1,783 |
| 4 | McCordsville | $1,620 |
| 5 | Lawrence | $1,620 |
| 6 | Avon | $1,600 |
| 7 | Westfield | $1,580 |
| 8 | Fishers | $1,577 |
| 9 | Granger | $1,540 |
| 10 | Brownsburg | $1,510 |
| 11 | Sellersburg | $1,460 |
| 12 | Munster | $1,450 |
| 13 | Merrillville | $1,440 |
| 14 | Noblesville | $1,415 |
| 15 | Highland | $1,390 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 3 of these cities have cheaper 2-bedroom rents than Frankfort.
| City | Distance | 2-Bedroom rent | vs Frankfort |
|---|---|---|---|
| Sheridan, IN | 21.3 mi | $1,220 | — |
| Whitestown, IN | 22 mi | $1,790 | +$570 (+47%) |
| Kokomo, IN | 28.2 mi | $990 | $-230 (-19%) |
| Westfield, IN | 28.6 mi | $1,580 | +$360 (+30%) |
| Brownsburg, IN | 30.7 mi | $1,510 | +$290 (+24%) |
| Crawfordsville, IN | 32.9 mi | $821 | $-399 (-33%) |
| Carmel, IN | 34.2 mi | $1,783 | +$563 (+46%) |
| West Lafayette, IN | 36.5 mi | $1,160 | $-60 (-5%) |
| Avon, IN | 37.1 mi | $1,600 | +$380 (+31%) |
| Speedway, IN | 38.2 mi | $1,220 | — |
| Noblesville, IN | 38.5 mi | $1,415 | +$195 (+16%) |
| Indianapolis, IN | 42.1 mi | $1,358 | +$138 (+11%) |
2-Bedroom rent in Frankfort — common questions
How much is a 2-bedroom apartment in Frankfort?
As of August 2026, the median 2-bedroom apartment rent in Frankfort, Indiana is $1,220 per month. This is +26% higher than the citywide median of $967.
What income do you need to afford a 2-bedroom in Frankfort?
Using the standard 30% rent-to-income rule, you would need an annual income of about $48,800 ($4,067/month gross), which works out to roughly $23.46/hour at a full-time job.
Is Frankfort expensive for a 2-bedroom compared to the rest of the US?
Frankfort's 2-bedroom median of $1,220 is +26% below the national 2-bedroom median of $1,655. It ranks in the 21th percentile of US cities tracked.
How does Frankfort rank for 2-bedroom rent in Indiana?
Among the 62 cities in Indiana with 2-bedroom data, Frankfort ranks #27 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Frankfort?
Yes — nearby cities with cheaper 2-bedroom rents include Kokomo ($990), Crawfordsville ($821), West Lafayette ($1,160).