Zumper
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Updated 1 Day Ago

Highlights

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

Location

551 W Washington St, Frankfort, IN 46041, USA
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Contact

Management

Titan Management Group, LLC (O)

Leasing office

(765) 838-8840

Property Overview

551 W. Washington St. offers a strong combination of value, convenience, and comfortable living, with an overall Zumper rating of 7.2, especially high marks for location and amenities. Key features include new appliances, new flooring, tall ceilings, and covered off-street parking, while the property’s standout value for money places it in the 100th percentile compared with similar local options.

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

7.2
Very Good
551 W. Washington St. 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.

Things you’ll love

  • Less expensive

Floor plans

1BR/1.0BA1 bed1 bath500 sqft$625 /mo1 unit availableNewly renovated Historic downtown brick apartments. Covered parking and also ample off street parking. Heat is billed back so no gas bills and deposits. Tall ceilings, new paint, flooring, and appliances. Tenant is responsible for paying for electric. Tenants will be billed back for gas, water, sewer, trash.

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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.

Newly renovated Historic downtown brick apartments. Covered parking and also ample off street parking. Heat is billed back so no gas bills and deposits. Tall ceilings, new paint, flooring, and appliances. Tenant is responsible for paying for electric. Tenants will be billed back for gas, water, sewer, trash.


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.
7.2
/10
Very Good
551 W. Washington St. 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.
How we rated 551 W. Washington St.
Price·6A 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. is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
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

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Rent trends in Frankfort

1-bedroom apartments at 551 W. Washington St. cost about 18% less than the average rent price for 1-bedroom apartments in Frankfort.

Median rents as of Sep 12 2026.
Frankfort
A table of 1-bedroom apartment rental data trends in Frankfort
MonthMedian Rent
September 2024$675
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
September 2026$769

Affordability calculator

Can I afford to live at 551 W Washington St?

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 W Washington St

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 W Washington St, 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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