Cheap Apartments for Rent in Frankfort Heights, IL from $400 (51 Rentals)

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

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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413 W Main St
1 to 4 Bedroom Apartments

413 W Main St

405 S Graham AveCarbondale, IL 62901
Corporate Housing

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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710 W Mill St
2 Bedroom Apartments

710 W Mill St

710 W Mill StCarbondale, IL 62901
Student Housing
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 4 Beds unit found at Storyboard at SIU priced from $425. Campus Edge has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Frankfort Heights apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Storyboard at SIU4 x 2 Traditional - Fall 2025- 12 Months4BR,2BA$425
Campus EdgeStudioStudio,1BA$450
THE QUADS APARTMENTS0BR/1.0BAStudio,1BA$500
Schilling Property Management1 Bed, 1 bath1BR,1BA$600
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$625
ASHBURN COURT APARTMENTS1BR/1.0BA1BR,1BA$695
The MetropolitanMetropolis 1 Bed 1 Bath1BR,1BA$735
Shawnee Village1 BR /1 BA 62 and Older1BR,1BA$846
Brookside Apartments2 Bedroom2BR,1BA$849
ChesapeakeB12BR,1BA$850

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

As of May 21, 2026 the best value apartment in the Frankfort Heights area is the $0.80 price per square foot 5 Bed House Model at Wedgewood Hills in the starting from $2,000. 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.
Wedgewood Hills5 Bed House5BR,3BA$0.80
2600 Fairway Dr1X13BR,2.5BA$0.89
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
THE QUADS APARTMENTS3BR/1.0BA3BR,1BA$0.77
Brookside Apartments3 Bedroom3BR,1BA$1.05
921 E Grand Ave2 Beds, 2.5 baths2BR,2.5BA$1.05
900 on ParkTwo Bedroom Furnished2BR,2BA$0.82
ChesapeakeB12BR,1BA$1.01
The Hill ApartmentsThe Hill 2 Bed 2 Bath2BR,2BA$1.14
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.

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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.

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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.

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

Explore Frankfort Heights, IL Rentals by Map

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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 Campus Edge listed at $450.

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 Storyboard at SIU and starts from $650.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.