6 Hours Ago
Location
556 N Clay St, Frankfort, IN 46041, USA
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Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 580 sqft | $725 /mo | 1 unit available | New Hardwood Flooring! New Paint! Fully remodeled 2bd/1bth apartment. All utilities in landlord name. $100/mth budget bill which covers gas, electric, water, sewer, trash |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 11 |
|---|
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About 556 N. Clay
New Hardwood Flooring! New Paint! Fully remodeled 2bd/1bth apartment. All utilities in landlord name. $100/mth budget bill which covers gas, electric, water, sewer, trash
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 1-bedrooms are cheaper than other similar listings nearby
- High school nearby
- There is a high school 1 mile away
- Middle school nearby
- There is a middle school 1 mile away
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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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 Mar 14 2026.
Frankfort
| Month | Median Rent |
|---|---|
| March 2024 | $625 |
| April 2024 | $625 |
| 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 | $838 |
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
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
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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