2-Bedroom Apartment Rent in Frankfort, IN
Median asking rent for a 2-bedroom apartment in Frankfort, Indiana as of July 2026. That's +7% lower than the citywide median of $763 and +57% 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 | Frankfort (this page) | $709 |
| 2 | Crawfordsville | $884 |
| 3 | East Chicago | $930 |
| 4 | Logansport | $930 |
| 5 | Marion | $930 |
| 6 | New Castle | $930 |
| 7 | Richmond | $940 |
| 8 | Angola | $970 |
| 9 | Delphi | $970 |
| 10 | La Porte | $978 |
| 11 | Muncie | $978 |
| 12 | Kokomo | $990 |
| 13 | Michigan City | $1,020 |
| 14 | Terre Haute | $1,023 |
| 15 | Elkhart | $1,055 |
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 | Lowell | $1,390 |
Nearby cities — 2-bedroom rent
Most nearby cities have similar or higher 2-bedroom rents than Frankfort.
| City | Distance | 2-Bedroom rent | vs Frankfort |
|---|---|---|---|
| Whitestown, IN | 22 mi | $1,790 | +$1,081 (+152%) |
| Delphi, IN | 23.9 mi | $970 | +$261 (+37%) |
| Kokomo, IN | 28.2 mi | $990 | +$281 (+40%) |
| Westfield, IN | 28.6 mi | $1,580 | +$871 (+123%) |
| Brownsburg, IN | 30.7 mi | $1,510 | +$801 (+113%) |
| Crawfordsville, IN | 32.9 mi | $884 | +$175 (+25%) |
| Logansport, IN | 33.1 mi | $930 | +$221 (+31%) |
| Carmel, IN | 34.2 mi | $1,783 | +$1,074 (+151%) |
| West Lafayette, IN | 36.5 mi | $1,160 | +$451 (+64%) |
| Avon, IN | 37.1 mi | $1,600 | +$891 (+126%) |
| Speedway, IN | 38.2 mi | $1,220 | +$511 (+72%) |
| Noblesville, IN | 38.5 mi | $1,415 | +$706 (+100%) |
2-Bedroom rent in Frankfort — common questions
How much is a 2-bedroom apartment in Frankfort?
As of July 2026, the median 2-bedroom apartment rent in Frankfort, Indiana is $709 per month. This is +7% below the citywide median of $763.
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 $28,360 ($2,363/month gross), which works out to roughly $13.63/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 $709 is +57% below the national 2-bedroom median of $1,655. It ranks in the 0th percentile of US cities tracked.
How does Frankfort rank for 2-bedroom rent in Indiana?
Among the 65 cities in Indiana with 2-bedroom data, Frankfort ranks #1 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Frankfort?
Most nearby cities have similar or higher 2-bedroom rents than Frankfort.