Rent to own Homes in Frankfort, IN

From its small and friendly festivals to its community focused parks, Frankfort is easily described as a close knit community. The only thing it has in common with its much larger German namesake Frankfurt is its love for hot dogs, which the town celebrates with the Hotdog Festival every summer. The rest of the time many of the 18,000 residents are working at the industrial park that acts as the headquarters of many national companies. If do you need to get into the big city, you can get to Indianapolis in under an hour.

Frankfort, IN is a great place for affordable rent-to-own homes! With a median household income of over $42,448 and a median rent of $731, the Frankfort, IN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Frankfort, IN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Frankfort, IN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
5807 ARROWHEAD BLVD
Rent To Own
Indian Heights
Single Family Home
Kokomo, IN 46902
3
1
936 ft2
1960
9910 N COUNTY ROAD 1075 E
Rent To Own
 
Single Family Home
Brownsburg, IN 46112
2
2
2134 ft2
1954
3000 N Apperson Way TRLR 407
Rent To Own
 
Single Family Home
Kokomo, IN 46901
3
2
1216 ft2
2022
4456 N KENYON AVE
Rent To Own
Devington
Single Family Home
Indianapolis, IN 46226
3
1
1598 ft2
1959
Hot
1907 N BANCROFT ST
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46218
2
1
1557 ft2
1941
Hot
1 of 10 506 S JACKSON ST
Rent To Own
 
Single Family Home
Frankfort, IN 46041
4
2
2380 ft2
1914
502 E SOUTH ST
Rent To Own
 
Townhouse/Condo
Lebanon, IN 46052
4
2
2100 ft2
1881
103 S CALIFORNIA ST
Rent To Own
 
Single Family Home
Sheridan, IN 46069
3
2
1078 ft2
1900
504 S CALIFORNIA ST
Rent To Own
 
Townhouse/Condo
Sheridan, IN 46069
4
2
1515 ft2
1900
Hot
1 of 14 4410 E 50 N
Rent To Own
 
Single Family Home
Lafayette, IN 47905
4
3
2995 ft2
1993
Hot
1 of 3 103 E 4TH ST
Rent To Own
 
Single Family Home
Sheridan, IN 46069
1
1
800 ft2
1860
Hot
1 of 16 1555 SANDSTONE CT W
Rent To Own
 
Single Family Home
Lafayette, IN 47909
4
3
3278 ft2
2006
1 of 39 4901 S PARK RD
Rent To Own
Wildcat
Single Family Home
Kokomo, IN 46902
3
2
1777 ft2
2001
Hot
1 of 25 11954 MANNINGS PASS
Rent To Own
 
Single Family Home
Zionsville, IN 46077
4
4
4185 ft2
2013
Hot
1 of 22 7028 CHRISTOPHER CT
Rent To Own
 
Single Family Home
Brownsburg, IN 46112
4
3
2542 ft2
1977
1027 WATERTOWN DR
Rent To Own
Centennial
Single Family Home
Westfield, IN 46074
4
4
4178 ft2
2003
Hot
1 of 36 245 WINSLOW DR
Rent To Own
Countryside
Single Family Home
Westfield, IN 46074
3
3
2515 ft2
2002
1 of 4 13462 SPOTSWOOD ST
Rent To Own
The Village Of West Clay
Single Family Home
Carmel, IN 46032
5
5
4696 ft2
2005
1 of 65 8556 PRESERVATION WAY
Rent To Own
 
Single Family Home
Indianapolis, IN 46278
4
4
4026 ft2
2016
Hot
1 of 21 231 WOODRIDGE DR
Rent To Own
Pittsboro
Single Family Home
Pittsboro, IN 46167
3
2
1574 ft2
2007
1 of 28 10948 S LEHE RD
Rent To Own
 
Single Family Home
Brookston, IN 47923
3
4
3136 ft2
1993
Hot
1 of 11 3528 SNOWDON DR
Rent To Own
 
Single Family Home
Westfield, IN 46074
4
3
4301 ft2
2018
Hot
1 of 27 21370 CANDLEWICK RD
Rent To Own
 
Single Family Home
Noblesville, IN 46062
4
3
1920 ft2
1995
Hot
1 of 10 2102 OAK RUN NORTH DR
Rent To Own
St Vincent - Greenbriar
Single Family Home
Indianapolis, IN 46260
2
2
1441 ft2
1986
Hot
1 of 14 17942 VILLAGE WAY
Rent To Own
Pebble Brook
Single Family Home
Noblesville, IN 46062
4
3
2310 ft2
1993
Hot
1 of 36 176 BERKSHIRE LN
Rent To Own
North Harbour
Single Family Home
Noblesville, IN 46062
4
3
2325 ft2
1987
Hot
1 of 35 125 MONTICELLO CT
Rent To Own
 
Single Family Home
Kokomo, IN 46902
3
2
2640 ft2
2018
6916 STARKEY RIDGE LN
Rent To Own
Augusta - New Augusta
Single Family Home
Indianapolis, IN 46268
3
2
1546 ft2
1993
10254 CARROLLTON AVE
Rent To Own
Home Place
Single Family Home
Carmel, IN 46280
3
2
1310 ft2
1955
Hot
405 E BROADWAY AVE
Rent To Own
 
Single Family Home
Arcadia, IN 46030
4
2
1535 ft2
1910
Hot
1 of 30 15493 BRACKENWOOD CT
Rent To Own
Noble West
Single Family Home
Noblesville, IN 46062
4
4
3470 ft2
2004
Hot
1 of 21 2115 E 110TH ST
Rent To Own
 
Single Family Home
Carmel, IN 46032
3
2
2420 ft2
1968
9150 KERWOOD DR
Rent To Own
Nora - Far Northside
Single Family Home
Indianapolis, IN 46240
3
3
3291 ft2
1949
1 of 37 8001 WESTFIELD BLVD
Rent To Own
North Central
Single Family Home
Indianapolis, IN 46240
5
6
6490 ft2
1929
Hot
1 of 47 6571 FREEMONT LN
Rent To Own
Cherry Creek Estates
Single Family Home
Carmel, IN 46033
4
3
5400 ft2
2010
321 BEECHWOOD DR
Rent To Own
 
Townhouse/Condo
Noblesville, IN 46060
8
4
3600 ft2
1980
1601 E 77TH ST
Rent To Own
North Central
Single Family Home
Indianapolis, IN 46240
3
3
2987 ft2
1934
1 of 48 1166 N DIAMOND POINT CT
Rent To Own
 
Single Family Home
Monticello, IN 47960
2
1
1120 ft2
1957
Hot
1 of 21 1078 LOGAN ST
Rent To Own
 
Single Family Home
Noblesville, IN 46060
3
2
2412 ft2
1900
Hot
410 S 11TH ST
Rent To Own
 
Townhouse/Condo
Noblesville, IN 46060
4
2
1450 ft2
1985
Hot
1 of 27 6140 INDIANOLA AVE
Rent To Own
Broad Ripple
Single Family Home
Indianapolis, IN 46220
2
1
836 ft2
1927
1 of 35 6026 INDIANOLA AVE
Rent To Own
Broad Ripple
Single Family Home
Indianapolis, IN 46220
5
3
3300 ft2
1930
Hot
1 of 4 2531 DELL ZELL DR
Rent To Own
Millersville
Single Family Home
Indianapolis, IN 46220
3
1
1144 ft2
1950
Hot
1 of 45 5321 E 72ND PL
Rent To Own
Allisonville
Single Family Home
Indianapolis, IN 46250
4
3
3500 ft2
1965
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Buying a Home in Frankfort, IN

Frankfort, IN is seeing rapid growth and Frankfort, IN's' housing market remains optimal with an average home price that is -60% below the 2024 national average. Frankfort, IN is part of Clinton county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Clinton is 0.85% which is below the national average, which is 0.99%.

Median Home Price in Frankfort, IN

Median Rent in Frankfort, IN

Rent to own homes offer low monthly payments and flexible terms.

Top 5 Reason to Move to Frankfort, IN

Industrious town! With 1,000 acres in development and 1,000 acres ready for development, the Frankfort industrial Park (F.I.P) is one of the biggest Industrial parks in Indiana. Among the 23 industries situated there are the national headquarters of Frito Lay and LEP Special Fasteners.

Plenty of fun and unique events! Frankfort holds plenty of fun events throughout the year. During the holidays, the city is officially lit at the TPA Park Holiday of Lights. The most popular event is the Hotdog Festival. Every July the city pays homage to the frankfurter with events such as motorcycle shows, derby cars, dog shows, and a 5k bun run. The highlight for many is the High Flying Hot Dogs Street Vault where kids and adults alike get the chance to jump over obstacles in the street.

Acres of open space! There are seven parks in Frankfort: TPA Park, John Redmond Park, Circle Park, Lawrence Ferrell Park, Luther Howe Park, and Frankfort Lagoons. The biggest, and where many of the city's main events take place, is the TPA Park. Geared towards people of all ages it has an Olympic-sized swimming pool, basketball and tennis courts, a baseball diamond, and shelters for picnics. The petting zoo in its center holds farm animals such as goats, peacocks, and chickens.

A low cost of living! The cost of living in Frankfort is below both the average cost of living in Indiana and in the USA. On average it costs only $83,000 to buy a house and $666 to rent a house. 40% of the population rent a property or rent to own.

Great location! Frankfort is one of those places that no matter where you buy a house, there is something to do. If you buy a house in the center for example you can try out many of the city's best restaurants, such as Little Caesars and Flavors House and Deli. Even if you buy a big 5 bedroom house as far as the north end of Main Street, however, you will still be within a few steps of Gem City Park.