Cheap Apartments for Rent near Frankfort Heights, IL from $400 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Frankfort Heights.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
close
View Me
413 W Main St
1 to 4 Bedroom Apartments

413 W Main St

405 S Graham AveCarbondale, IL 62901
Corporate Housing

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
Showing Results 1-28, Page 1 of 1

Frankfort Heights, IL Local Guide

Cheapest Available Frankfort Heights Apartments for Rent and Nearby

 

The cheapest available apartment rental in Frankfort Heights, IL is a Studio unit found at Saluki Apartments priced from $460. The Metropolitan has the second lowest priced unit, which is a Studio apartment currently listed from $495. Here is today’s list of the most affordable Frankfort Heights apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Saluki ApartmentsStudioStudio,1BA$460
The MetropolitanMetropolis EfficiencyStudio,1BA$495
THE QUADS APARTMENTS0BR/1.0BAStudio,1BA$500
Schilling Property Management1 Bed, 1 bath1BR,1BA$600
University Mall and Walnut Street ApartmentsStudioStudio,1BA$625
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$655
ASHBURN COURT APARTMENTS1BR/1.0BA1BR,1BA$695
Shawnee Village1 BR /1 BA 62 and Older1BR,1BA$846
Century Estates Apartments2BR/1.0BA2BR,1BA$850
ChesapeakeB12BR,1BA$850

Best Value Apartments for Rent in Frankfort Heights, IL and Nearby

As of August 20, 2026 the best value apartment in the Frankfort Heights area is the $1.05 price per square foot Black Diamond C2 Model at Storyboard on Black Diamond in the starting from $2,300. The second greatest value Frankfort Heights apartment is the 1X1 Model at 2600 Fairway Dr starting at $1,600 with a $0.89 price per square foot . Here is today’s list of the best values for Frankfort Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Storyboard on Black DiamondBlack Diamond C23BR,2.5BA$1.05
2600 Fairway Dr1X13BR,2.5BA$0.89
Alpha Property Management (Alpha Rentals)Four Bedroom (1.5 bath or 4 bath)4BR,4BA$0.91
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
THE QUADS APARTMENTS3BR/1.0BA3BR,1BA$0.77
The Reserve at Saluki Pointe2X2 By the bed2BR,2BA$0.71
900 on ParkTwo Bedroom Furnished2BR,2BA$0.82
ChesapeakeB12BR,1BA$1.01
Century Estates Apartments2BR/1.0BA2BR,1BA$1.11
Schilling Property Management1 Bed, 1 bath1BR,1BA$0.86

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Frankfort Heights, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Frankfort Heights, IL

View Map
Frankfort Heights, IL Apartments Map
View Map
Frankfort Heights, IL Rental Homes Map

Frequently Asked Questions about Cheap Frankfort Heights Apartments

What is the Cheapest Studio apartment in Frankfort Heights?

Currently the most affordable Cheap Studio Apartment in Frankfort Heights is at Saluki Apartments listed at $460.

How much is rent for a Cheap One Bedroom Frankfort Heights Apartment?

The lowest price for a Cheap One Bedroom Frankfort Heights Apartment is $600 at Schilling Property Management.

What is the lowest price for a Cheap Two Bedroom Frankfort Heights Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Frankfort Heights is starting from $700 at Schilling Property Management.

What is the most affordable Frankfort Heights Three Bedroom Apartment?

The best deal on a cheap Frankfort Heights Three Bedroom Apartment rental is at THE QUADS APARTMENTS and starts from $800.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.