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Cheap Apartments for Rent in Frankfort, IL from $700 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Frankfort.
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from $9951 to 3 Bedroom Apartments Contact Us For Availability
Thornwood Apartments
19440-19460 Glenwood RdChicago Heights, IL 60411
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from $1,0252 Bedroom Apartments Available Now
Carriage Creek Apartments
22501 Butterfield DrRichton Park, IL 60471
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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Rent Specials
from $1,0501 to 3 Bedroom Apartments Available Now
Olympic Village Apartments
31 Olympic VlgChicago Heights, IL 60411
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from $1,1051 to 2 Bedroom Apartments Available Jul 1
Manchester Court Apartments
14700 Central AveOak Forest, IL 60452
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from $1,1501 to 2 Bedroom Apartments Available Jul 15
Richton Trail
4522 Heartland DrRichton Park, IL 60471
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from $1,1991 to 2 Bedroom Apartments Available Now
Central Park Apartments & Townhomes
11 Fir StPark Forest, IL 60466
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from $1,2401 to 2 Bedroom Apartments Available Aug 15
Edgewater Walk Apartments
16703 Lakewood DrTinley Park, IL 60477
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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from $1,2651 to 2 Bedroom Apartments Contact Us For Availability
Towers of Edgewater
5880-5940 Lake Bluff DrTinley Park, IL 60477
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from $1,2701 to 3 Bedroom Apartments Contact Us For Availability
Maple Leaf Apartments
759 Burr Oak LnUniversity Park, IL 60484
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from $1,295Studio to 3 Bedroom Apartments Available Now
Edenbridge Apartments
18134 S 66th CtTinley Park, IL 60477
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Showing Results 1-15, Page 1 of 1
Frankfort, IL Local Guide
Grassy field in Illinois by Ed Summers is licensed under CC BY 2.0
How much does it cost to rent an apartment in Frankfort?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Frankfort Studio Apartments | $1,577 | $750 | $1,875 |
| Frankfort 1 Bedroom Apartments | $1,743 | $825 | $2,868 |
| Frankfort 2 Bedroom Apartments | $2,218 | $1,025 | $5,338 |
| Frankfort 3 Bedroom Apartments | $2,682 | $1,388 | $5,795 |
| Frankfort 4 Bedroom Apartments | $3,591 | $3,591 | $3,591 |
Browse Top Apartments in Frankfort
See all Apartments in FrankfortExplore Frankfort
Frankfort, IL Local Guide
- Nearby Cities
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Cheapest Available Frankfort Apartments for Rent and Nearby
The cheapest available apartment rental in Frankfort, IL is a Studio unit found at Crest Apartments in the University Park neighborhood priced from $750. Carriage Creek Apartments in the Lincoln Station neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,025. Here is today’s list of the most affordable Frankfort apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crest Apartments | Studio | Studio,1BA | $750 |
| Carriage Creek Apartments | 2 bedroom | 2BR,1BA | $1,025 |
| Olympic Village Apartments | The Spruce | 1BR,1BA | $1,050 |
| Edenbridge Apartments | Senior Living 1x1 | 1BR,1BA | $1,295 |
| Oakwood Townhomes | 1 Bedroom | 1BR,1BA | $1,365 |
Best Value Apartments for Rent in Frankfort, IL and Nearby
As of June 23, 2025 the best value apartment in the Frankfort area is the $1.43 price per square foot 3 Bedroom Model at Oakwood Townhomes in the in the Lincoln Station neighborhood starting from $1,920. The second greatest value Frankfort apartment is the 2 Bed 1 Bath Townhouse W/D Model at Central Park Apartments & Townhomes starting at $1,600 with a $1.21 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Frankfort apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oakwood Townhomes | 3 Bedroom | 3BR,1BA | $1.43 |
| Central Park Apartments & Townhomes | 2 Bed 1 Bath Townhouse W/D | 2BR,1BA | $1.21 |
| Boulevard at Central Station | 2D | 2BR,2BA | $2.46 |
| Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1.26 |
| Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.73 |
| 7448 Sycamore Ct | One Bed s | 1BR,1BA | $1.55 |
| Olympic Village Apartments | The Pine | 1BR,1BA | $1.52 |
| The Residences at 159 Tinley Park Place | 1 Bedroom Small | 1BR,1BA | $2.30 |
| Edenbridge Apartments | Senior Living 1x1 | 1BR,1BA | $2.16 |
| Crest Apartments | Studio | Studio ,1BA | $1.67 |
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Best Local Schools in Frankfort, IL
Lincoln-Way East High School
Lincoln Way Chsd 210 School District
Public School - Grades 9-12 (2749)
10 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Frankfort, IL Rentals by Map
See the most popular apartments and homes in Frankfort, IL
Frankfort, IL Apartments MapFrankfort, IL Rental Homes MapGetting Around Frankfort, IL
Walk Score®
28 / 100
Car-Dependent
Most errands require a car
Bike Score®
41 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Frankfort Apartments
How much is rent for a Cheap One Bedroom Frankfort Apartment?
The lowest price for a Cheap One Bedroom Frankfort Apartment is $825 at Crest Apartments.
What is the lowest price for a Cheap Two Bedroom Frankfort Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Frankfort is starting from $1,025 at Carriage Creek Apartments.
What is the most affordable Frankfort Three Bedroom Apartment?
The best deal on a cheap Frankfort Three Bedroom Apartment rental is at Olympic Village Apartments and starts from $1,445.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.