1 Day Ago
Location
556 N Clay St, Frankfort, IN 46041, USA
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Property Overview
556 N. Clay offers a newly renovated one-bedroom apartment with a strong overall Zumper Expert Rating of 7.9 out of 10, including standout marks for amenities and location. It also ranks well for value for money, with the nearest top-rated schools around a mile away and a grocery store about 3.8 miles away.
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
High school nearby- Middle school nearby
- Less expensive
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 620 sqft | $725 /mo | 1 unit available | Welcome to the newly remodeled apartment, located in the heart of Frankfort, IN. This stunning apartment boasts one spacious bedroom and laminate flooring. This apartment offers a perfect blend of comfort and style, making it an ideal place to call home. Experience the best of living in Frankfort, IN by combining modern amenities with a convenient location. Give us a call today to schedule a tour at (765)838-8840. |
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Amenities for 556 N. Clay
Apartment Amenities
| Fresh Paint | Laminate Flooring |
| One Bedroom |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 11 |
|---|
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About 556 N. Clay
Welcome to the newly remodeled apartment, located in the heart of Frankfort, IN. This stunning apartment boasts one spacious bedroom and laminate flooring. This apartment offers a perfect blend of comfort and style, making it an ideal place to call home. Experience the best of living in Frankfort, IN by combining modern amenities with a convenient location. Give us a call today to schedule a tour at (765)838-8840.
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.
7.7
/10
Very Good556 N. Clay is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
Price·8A 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.
Scoring a 8/10, 556 N. Clay is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A 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.
With multiple in-demand amenities, 556 N. Clay is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
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
- High school nearby
- There is a high school 1 mile away
- Middle school nearby
- There is a middle school 1 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
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Rent trends in Frankfort
2-bedroom apartments at 556 N. Clay cost about 26% less than the average rent price for 2-bedroom apartments in Frankfort.
Median rents as of Jun 20 2026.
Frankfort
| Month | Median Rent |
|---|---|
| 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 |
| May 2026 | $790 |
| June 2026 | $825 |
Affordability calculator
Can I afford to live at 556 N Clay 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
$29,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $29,000 annually to afford this 2-bedrooms monthly rent price of $725.
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
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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
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