Frankton is a town in Pipe Creek and Lafayette townships, Madison County, Indiana, United States. It is part of the Anderson, Indiana Metropolitan Statistical Area. The population was 1,905 at the 2000 census.
Frankton is located at 40°13′20″N 85°46′19″W / 40.22222°N 85.77194°W / 40.22222; -85.77194 (40.222213, -85.771806).
According to the United States Census Bureau, the town has a total area of 1.0 square miles (2.6 km²), all of it land.