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Location

242 Cherry Ln #1, Frankfort, KY 40601, USA

Tour 242 Cherry Ln #1

Contact

Commonwealth Property Rentals, LLC.

(502) 680-2247

Policies and fees

Applicants

Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time. Refundable.

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About 242 Cherry Ln #1

HomeHouses in Frankfort 242 Cherry Ln #1, Frankfort, KY 40601, USA

Apply at www commonwealthrents com Recently remodeled 3 Bed 1 Bath with new flooring, new paint. new lighting and much more. Huge back yard to grow a garden and the lot backs up to a farm with great views. Single family home, 3 bedroom and 1 bath, large backyard that boarders farm land. Completely renovated.


Address details

Zip code40601
TypeHouse for rent

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Rent trends in Frankfort

3-bedroom apartments at 242 Cherry Ln #1 cost about 14% more than the average rent price for 3-bedroom apartments in Frankfort.

Median rents as of Mar 21 2026.
Frankfort
A table of 3-bedroom apartment rental data trends in Frankfort
MonthMedian Rent
April 2024$1,858
May 2024$1,557
June 2024$1,574
July 2024$1,430
August 2024$1,365
September 2024$1,345
October 2024$1,685
November 2024$1,851
December 2024$1,769
January 2025$1,568
February 2025$1,600
March 2025$1,540
April 2025$1,537
May 2025$1,979
June 2025$2,296
July 2025$2,218
August 2025$2,035
September 2025$1,983
October 2025$1,672
November 2025$1,625
December 2025$1,668
January 2026$1,613
February 2026$1,560
March 2026$1,566

Affordability calculator

Can I afford to live at 242 Cherry Ln #1?

Bedrooms

3 bedrooms

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

$72,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $72,000 annually to afford this 3-bedrooms monthly rent price of $1,800.
For more information on rent affordability, visit our rent calculator.

Schools near 242 Cherry Ln #1

Bridgeport Elementary School

10 doctors dr

frankfort, KY, 40601

PK, K-5Public
C+
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Internet available near 242 Cherry Ln #1

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Frankfort near 242 Cherry Ln #1

Walking

1/10
You’ll need another mode of transportation for getting around. Scooter, anyone?

Driving

9/10
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 242 Cherry Ln #1, Frankfort

Groceries

0/10
Closest supermarket further than a 30-minute walk

Shopping

0/10
Few or no shops within walking distance

Cafes

0/10
Few or no cafés within walking distance

Restaurants

0/10
Few or no restaurants within walking distance

Primary schools

0/10
Closest elementary school further than a 30-minute walk

High schools

0/10
Closest high school further than a 30-minute walk

Nightlife

0/10
Few or no bars within walking distance

Explore the area around 242 Cherry Ln #1

Capital Bowl
80 Anderson Rd
Walmart Supercenter
301 Leonardwood Rd
ALDI
1300 US Highway 127 S
Kroger
1309 US Highway 127 S
Walmart Supercenter
1000 Bypass N

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