3-Bedroom Apartment Rent in Frankfort, IN
Median asking rent for a 3-bedroom apartment in Frankfort, Indiana as of August 2026. That's +64% higher than the citywide median of $967 and +25% below the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Indiana
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Crawfordsville | $1,075 |
| 2 | New Castle | $1,130 |
| 3 | East Chicago | $1,150 |
| 4 | La Porte | $1,152 |
| 5 | Richmond | $1,160 |
| 6 | Marion | $1,210 |
| 7 | Angola | $1,220 |
| 8 | Terre Haute | $1,233 |
| 9 | Kokomo | $1,245 |
| 10 | Muncie | $1,283 |
| 11 | Michigan City | $1,290 |
| 12 | Warsaw | $1,300 |
| 13 | Evansville | $1,322 |
| 14 | Mishawaka | $1,340 |
| 15 | Lafayette | $1,365 |
Most expensive cities for a 3-bedroom in Indiana
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $2,430 |
| 2 | Whitestown | $2,330 |
| 3 | Carmel | $2,320 |
| 4 | McCordsville | $2,110 |
| 5 | Lawrence | $2,110 |
| 6 | Avon | $2,080 |
| 7 | Westfield | $2,060 |
| 8 | Fishers | $2,050 |
| 9 | Brownsburg | $1,960 |
| 10 | Granger | $1,910 |
| 11 | Sellersburg | $1,880 |
| 12 | Noblesville | $1,840 |
| 13 | Plainfield | $1,800 |
| 14 | Munster | $1,790 |
| 15 | Greenwood | $1,775 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 3 of these cities have cheaper 3-bedroom rents than Frankfort.
| City | Distance | 3-Bedroom rent | vs Frankfort |
|---|---|---|---|
| Sheridan, IN | 21.3 mi | $1,590 | — |
| Whitestown, IN | 22 mi | $2,330 | +$740 (+47%) |
| Kokomo, IN | 28.2 mi | $1,245 | $-345 (-22%) |
| Westfield, IN | 28.6 mi | $2,060 | +$470 (+30%) |
| Brownsburg, IN | 30.7 mi | $1,960 | +$370 (+23%) |
| Crawfordsville, IN | 32.9 mi | $1,075 | $-515 (-32%) |
| Carmel, IN | 34.2 mi | $2,320 | +$730 (+46%) |
| West Lafayette, IN | 36.5 mi | $1,400 | $-190 (-12%) |
| Avon, IN | 37.1 mi | $2,080 | +$490 (+31%) |
| Speedway, IN | 38.2 mi | $1,590 | — |
| Noblesville, IN | 38.5 mi | $1,840 | +$250 (+16%) |
| Indianapolis, IN | 42.1 mi | $1,768 | +$178 (+11%) |
3-Bedroom rent in Frankfort — common questions
How much is a 3-bedroom apartment in Frankfort?
As of August 2026, the median 3-bedroom apartment rent in Frankfort, Indiana is $1,590 per month. This is +64% higher than the citywide median of $967.
What income do you need to afford a 3-bedroom in Frankfort?
Using the standard 30% rent-to-income rule, you would need an annual income of about $63,600 ($5,300/month gross), which works out to roughly $30.58/hour at a full-time job.
Is Frankfort expensive for a 3-bedroom compared to the rest of the US?
Frankfort's 3-bedroom median of $1,590 is +25% below the national 3-bedroom median of $2,130. It ranks in the 21th percentile of US cities tracked.
How does Frankfort rank for 3-bedroom rent in Indiana?
Among the 62 cities in Indiana with 3-bedroom data, Frankfort ranks #31 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Frankfort?
Yes — nearby cities with cheaper 3-bedroom rents include Kokomo ($1,245), Crawfordsville ($1,075), West Lafayette ($1,400).