Zumper
modified
5+ Days Ago

Highlights

  • New appliances
  • Covered and off-street parking
  • New flooring
  • Tall ceilings
  • One bedroom one bathroom

Location

551 West Washington Street, Frankfort, Indiana 46041, United States
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Contact

Management

Titan Management Group, LLC (O)

Leasing office

(765) 838-8840

Property Overview

551 W. Washington St. is highly rated with an overall score of 8.4, reflecting its appeal to renters. It features updated amenities such as new appliances and flooring, along with convenient off-street parking and tall ceilings. The property excels in location (9/10) and price (10/10), demonstrating excellent value while being transparent in its description, making it a standout option within the competitive market.

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.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 out of 10 overall, 551 W. Washington St. is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 551 W. Washington St. has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive

Floor plans

1bd/1bth1 bed1 bath500 sqft$625 /mo1 unit availableLooking for a perfect place to call your own? Look no further than this newly-renovated historic downtown brick apartment! With covered and off-street parking, tall ceilings, new paint, flooring, and appliances, this one bedroom one bathroom apartment is the ideal spot to live. Plus, heat is billed through budget bill so there's no deposit or changing gas bill. Make it yours today! Tenant is responsible for paying for electric. Tenants will be billed back for gas throughs budget bill $35/month water.

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Amenities for 551 W. Washington St.

Appliances

RangeRefrigerator
Stove
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

Units8
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About 551 W. Washington St.

Home 551 W. Washington St.

Looking for a perfect place to call your own? Look no further than this newly-renovated historic downtown brick apartment! With covered and off-street parking, tall ceilings, new paint, flooring, and appliances, this one bedroom one bathroom apartment is the ideal spot to live. Plus, heat is billed through budget bill so there's no deposit or changing gas bill. Make it yours today! Tenant is responsible for paying for electric. Tenants will be billed back for gas throughs budget bill $35/month water.


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.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, 551 W. Washington St. is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 551 W. Washington St. has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 551 W. Washington St.
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.
551 W. Washington St. 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·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, 551 W. Washington St. 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.
551 W. Washington St. 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 551 W. Washington St. does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

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 551 W. Washington St. compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2 miles away

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Rent trends in Frankfort

1-bedroom apartments at 551 W. Washington St. cost about 19% less than the average rent price for 1-bedroom apartments in Frankfort.

Median rents as of Jan 24 2026.
Frankfort
A table of 1-bedroom apartment rental data trends in Frankfort
MonthMedian Rent
February 2024$644
March 2024$640
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$759

Affordability calculator

Can I afford to live at 551 West Washington Street?

Bedrooms

1 bedroom

Rent-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

$25,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $25,000 annually to afford this 1-bedroom monthly rent price of $625.
For more information on rent affordability, visit our rent calculator.

Schools near 551 W. Washington St.

Green Meadows Intermediate Elementary School

1900 s jackson st

frankfort, IN, 46041

3-5Public
C+

Blue Ridge Primary Elementary School

1910 s jackson st

frankfort, IN, 46041

PK, K-2Public
B-
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Internet available near 551 W. Washington St.

Getting around Frankfort near 551 West Washington Street

Walking

5/10
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 551 West Washington Street, Frankfort

Groceries

8/10
At least one supermarket within a 10-minute walk

Shopping

3/10
Some shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

4/10
Some restaurants within a few minutes’ walk

Primary schools

5/10
At least one elementary school within a 20-minute walk

High schools

5/10
At least one high school within a 20-minute walk

Nightlife

4/10
Some bars within walking distance

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