2 Days Ago
Highlights
Zero Deposit
Location
556 N Clay St, Frankfort, IN 46041, USA
Hi! Let’s figure out if this property is right for you.
Powered by Zumper AI
Nearby rentals
Renter hub
Property management
Apartments for rent San FranciscoApartments for rent OaklandApartments for rent SeattleApartments for rent Los AngelesApartments for rent PhiladelphiaApartments for rent WashingtonApartments for rent AustinApartments for rent New YorkApartments for rent ChicagoApartments for rent HoustonApartments for rent DallasApartments for rent BostonApartments for rent San AntonioApartments for rent PhoenixApartments for rent AtlantaApartments Near Me
Houses for rent San FranciscoHouses for rent OaklandHouses for rent SeattleHouses for rent Los AngelesHouses for rent New YorkHouses for rent WashingtonHouses for rent AustinHouses for rent PhiladelphiaHouses for rent ChicagoHouses for rent HoustonHouses for rent DallasHouses for rent BostonHouses for rent San AntonioHouses for rent PhoenixHouses for rent AtlantaHouses for rent near me
Property Overview
556 N. Clay offers strong overall quality with an expert rating of 8.5/10, highlighted by excellent value for money with a 10/10 price score and premier amenities and location both rated 9/10. Central heating and cooling enhance everyday comfort, and the property provides convenient access to highly rated middle and high schools just over a mile away. A solid 7/10 trustworthiness rating reflects a clear, detailed listing that helps renters understand what to expect.
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
Less expensive- Middle school nearby
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 510 sqft | $675 /mo | 1 unit available | Newly renovated one bedroom apartment available now! Located near downtown Frankfort, this unit is in walking distance of Frankfort's best shops and restaurants and is a short drive away from the interstate. Tenant is responsible for paying Gas and Electric but in Landlord names so no deposit. Budget bill of $85/mth |
Let's explore this property.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
Building details
Property details
| Units | 11 |
|---|
Advertisement
About 556 N. Clay
Newly renovated one bedroom apartment available now! Located near downtown Frankfort, this unit is in walking distance of Frankfort's best shops and restaurants and is a short drive away from the interstate. Tenant is responsible for paying Gas and Electric but in Landlord names so no deposit. Budget bill of $85/mth
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, 556 N. Clay is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 556 N. Clay 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.
556 N. Clay 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.
556 N. Clay 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, 556 N. Clay 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.
556 N. Clay 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 556 N. Clay 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.
556 N. Clay 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 556 N. Clay compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 1 mile away
Considerations
- Lacks images
- Fewer than 10 photos available for this location
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Frankfort
1-bedroom apartments at 556 N. Clay cost about 13% less than the average rent price for 1-bedroom apartments in Frankfort.
Median rents as of Apr 25 2026.
Frankfort
| Month | Median Rent |
|---|---|
| May 2024 | $662 |
| June 2024 | $657 |
| July 2024 | $792 |
| August 2024 | $662 |
| September 2024 | $691 |
| 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 |
Affordability calculator
Can I afford to live at 556 N Clay St?
Bedrooms
1 bedroomRent-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
$27,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $27,000 annually to afford this 1-bedroom monthly rent price of $675.
For more information on rent affordability, visit our rent calculator.
Schools near 556 N. Clay
Suncrest Elementary School
1608 w kyger st
frankfort, IN, 46041
PK, K-5Public
C
Advertisement
Internet available near 556 N. Clay
Neighborhood
Getting around Frankfort near 556 N Clay 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 556 N Clay St, Frankfort
Groceries
8/10
At least one grocery store within a 15-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
3/10
No elementary schools within a 30-minute walk
High schools
3/10
No high schools within a 30-minute walk
Nightlife
2/10
Few or no bars within walking distance
Compare similar properties nearby
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry
- cats ok
- dishwasher
- in-unit laundry