Updated 5+ Days Ago
Highlights
- On-site parking
- On site parking
- Complete renovation
Location
201 W Palmer St, Frankfort, IN 46041, USA
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Property Overview
201 West Palmer Street stands out for its strong overall rating, excellent value, and high marks for amenities and location. It also offers on-site parking and a complete renovation, with a nearby top-rated elementary school adding to its appeal.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby
Floor plans
| 201 West Palmer Street - 5 | 2 bed | 1 bath | 850 sqft | $1,099 /mo | Large recently renovated 2 bedroom, 1 bath apartment on 2nd floor. Spacious living areas, quiet neighborhood. Parking on site. Spacious grassy outdoor areas for relaxing and enjoying the property |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time.
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Questions about this property’s policies and fees?
Building details
Property details
| Units | 1 |
|---|
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About 201 West Palmer Street
Large recently renovated 2 bedroom, 1 bath apartment on 2nd floor. Spacious living areas, quiet neighborhood. Parking on site. Spacious grassy outdoor areas for relaxing and enjoying the property
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, 201 West Palmer Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 201 West Palmer Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
201 West Palmer Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
201 West Palmer Street goes above and beyond to provide sought-after conveniences and desirable perks, including building or unit level amenities. Renters looking for popular or luxurious features will find them here—and for that reason, 201 West Palmer Street receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
201 West Palmer Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 201 West Palmer Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
201 West Palmer Street provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 201 West Palmer Street compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 1 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Frankfort
2-bedroom apartments at 201 West Palmer Street cost about the same as the average rent price for 2-bedroom apartments in Frankfort.
Median rents as of Aug 29 2026.
Frankfort
| Month | Median Rent |
|---|---|
| September 2024 | $692 |
| October 2024 | $737 |
| November 2024 | $750 |
| December 2024 | $875 |
| January 2025 | $900 |
| February 2025 | $721 |
| March 2025 | $707 |
| April 2025 | $765 |
| May 2025 | $777 |
| June 2025 | $730 |
| July 2025 | $746 |
| August 2025 | $669 |
| September 2025 | $685 |
| October 2025 | $732 |
| November 2025 | $787 |
| December 2025 | $757 |
| January 2026 | $767 |
| February 2026 | $841 |
| March 2026 | $822 |
| April 2026 | $744 |
| May 2026 | $790 |
| June 2026 | $831 |
| July 2026 | $787 |
| August 2026 | $790 |
Affordability calculator
Can I afford to live at 201 W Palmer St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$43,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $43,960 annually to afford this 2-bedrooms monthly rent price of $1,099.
For more information on rent affordability, visit our rent calculator.
Schools near 201 West Palmer Street
Suncrest Elementary School
1608 w kyger st
frankfort, IN, 46041
PK, K-5Public
C
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Internet available near 201 West Palmer Street
Getting around Frankfort near 201 W Palmer St
Walking
4/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Points of interest for 201 W Palmer St, Frankfort
Groceries
8/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
4/10
Some shops within a short drive
Cafes
2/10
Some cafés within a short drive
Restaurants
5/10
Variety of restaurants within a short drive
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Nightlife
2/10
Few or no bars within a short drive
Explore the area around 201 W Palmer St
Tienda Michocan
450 N Jackson St
Ahorra Mas Grocery Store
1201 W Barner St
Schulz Market
656 W Walnut St
Azteca Grocery Store
256 W Armstrong St
Los Tres Hermanos Supermarket
1413 E Wabash St
Colourz Salon
62 W Washington St
Delilah's Boutique
62 W Washington St
Whiskey Rose Boutique
206 E Washington St
Family Dollar
364 W Walnut St
Shoe Dept
2420 E Wabash St
Gem City Junction
63 E Clinton St
Coco Beans Coffee Shop
1959 E Wabash St
BIGGBY Coffee
2474 E Wabash St
Roscommon
1953 E Wabash St
Applebee's Grill + Bar
2432 E Wabash St
Walmart Bakery
2460 E Wabash St
Walmart Deli
2460 E Wabash St
Park
Prairie Creek Park
Playground
TPA Park
Circle Park
Hunt Brothers Pizza
505 N Jackson St
La Mixteca & Mixteca Food Truck
408 N Columbia St
Slabby's Food & Freedom
307 N Main St
Downtown Diner
253 N Columbia St
Juanita Restaurant
56 W Washington St
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