What is the median rent in Frankton, IN?

Name: Median rent in Frankton, IN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Frankton, IN is $1,186 (±$153) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 105 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Frankton, the median gross rent went from $729 in 2015–2019 to $1,186 in 2020–2024 (+62.7%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $1,186 (±$153)
Rented homes: 105 (±45)
$2,000 or more: 0.0%
Since 2015–2019: +62.7%

How much rent costs in Frankton

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Frankton	Madison County	Indiana	United States
Less than $500	0.0% (±29.2 points)	7.8%	7.1%	6.3%
$500 to $999	26.7% (±17.8 points)	50.1%	36.9%	20.2%
$1,000 to $1,499	69.5% (±17.9 points)	34.0%	38.5%	28.1%
$1,500 to $1,999	3.8% (±5.2 points)	5.5%	12.0%	21.1%
$2,000 to $2,499	0.0% (±29.2 points)	2.0%	3.6%	12.0%
$2,500 to $2,999	0.0% (±29.2 points)	0.2%	1.0%	5.5%
$3,000 or more	0.0% (±29.2 points)	0.4%	0.9%	6.8%

The most common range is $1,000 to $1,499, paid by 69.5% of renting households.

0.0% of rented homes in Frankton cost $2,000 or more a month.

Frankton against Madison County, its state and the nation

Estimate (90% margin of error)
	Frankton	Madison County	Indiana	United States
Median gross rent	$1,186 (±$153)	$939 (±$24)	$1,062 (±$5)	$1,413
Rented homes paying rent	105 (±45)	14,994 (±731)	758,146 (±6,704)	42,849,984

In Frankton, median gross rent is higher than in Madison County ($939).

It is not measurably different from Indiana ($1,062).

It is lower than the national figure ($1,413).

In Madison County, Frankton ranks 7 of 23 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 157 of 1,204.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Frankton has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$729 (±$56)	$1,186 (±$153)	+62.7%	Up after inflation
Households that rent	30.0% (±5.8 points)	16.5% (±6.5 points)	−13.5 percentage points	Measurable decrease
Rental vacancy rate	0.0% (±12.8 points)	0.0% (±28.4 points)	0.0 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Frankton

Nearest places with a published estimate, compared with Frankton
Place	Distance	Median gross rent	Compared with this place
Frankton	—	$1,186 (±$153)	—
Pipe Creek Township (Madison County)	2.1 mi	$879 (±$76)	Lower
Lafayette Township (Madison County)	3.8 mi	$748 (±$93)	Lower
Orestes	4.3 mi	$748 (±$295)	Lower
Elwood	5.0 mi	$860 (±$82)	Lower
Alexandria	5.9 mi	$801 (±$80)	Lower
Monroe Township (Madison County)	6.8 mi	$832 (±$77)	Lower
Richland Township (Madison County)	8.3 mi	$2,125 (±$384)	Higher
Edgewood	8.3 mi	$1,050 (±$528)	Not measurably different

Nearby places with a measurably lower figure: Pipe Creek Township (Madison County), IN ($879), Lafayette Township (Madison County), IN ($748), Orestes, IN ($748).

Nearby places with a measurably higher figure: Richland Township (Madison County), IN ($2,125).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Madison County, place by place

Rank	Place	Median gross rent
1	Richland Township (Madison County)	$2,125 (±$384)
2	Green Township (Madison County)	$1,408 (±$382)
3	Ingalls	$1,379 (±$281)
4	Lapel	$1,318 (±$277)
5	Stony Creek Township	$1,310 (±$210)
6	Pendleton	$1,209 (±$121)
7	Frankton	$1,186 (±$153)
8	Fall Creek Township (Madison County)	$1,131 (±$144)
9	Adams Township (Madison County)	$1,106 (±$94)
10	Markleville	$1,080 (±$113)
11	Edgewood	$1,050 (±$528)
12	Chesterfield	$964 (±$83)
13	Union Township (Madison County)	$963 (±$65)

Showing 13 of 23 places in Madison County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Frankton

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Frankton, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Frankton beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Frankton, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Frankton

What is the average rent in Frankton, IN?

The Census Bureau publishes the median rather than the average: the median gross rent in Frankton is $1,186 (±$153) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Frankton?

In Frankton, the median gross rent went from $729 in 2015–2019 to $1,186 in 2020–2024 (+62.7%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

How many rentals in Frankton cost more than $2,000 a month?

0.0% of rented homes in Frankton have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.

Is rent in Frankton higher than in Madison County?

In Frankton, median gross rent is higher than in Madison County ($939).

It is not measurably different from Indiana ($1,062).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Frankton town, Indiana (place:25702, in state:18).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.