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$800 - $875Studio to 1 Bedroom Apartments Available Now
Crest Apartments
3726 Union AveSteger, IL 60475
Cheap Apartments for Rent in Frankfort, IL from $800 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Frankfort.
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$995 - $1,3881 to 3 Bedroom Apartments Contact Us For Availability
Thornwood Apartments
19440-19460 Glenwood RdChicago Heights, IL 60411
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$1,025 - $1,3502 Bedroom Apartments Contact Us For Availability
Carriage Creek Apartments
22501 Butterfield DrRichton Park, IL 60471
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$1,150 - $1,295Studio to 3 Bedroom Apartments Available Nov 1
Edenbridge Apartments
18134 S 66th CtTinley Park, IL 60477
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$1,150 - $1,3751 to 2 Bedroom Apartments Available Now
Richton Trail
4522 Heartland DrRichton Park, IL 60471
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$1,195 - $1,5251 to 3 Bedroom Apartments Available Nov 14
Cedar Ridge Apartments
100 Cedar Ridge LnRichton Park, IL 60471
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$1,201 - $1,6401 to 3 Bedroom Apartments Available Now
Olympic Village Apartments
31 Olympic VlgChicago Heights, IL 60411
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$1,240 - $1,4601 to 2 Bedroom Apartments Available Now
Edgewater Walk Apartments
16703 Lakewood DrTinley Park, IL 60477
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$1,265 - $1,9051 to 2 Bedroom Apartments Contact Us For Availability
Towers of Edgewater
5880-5940 Lake Bluff DrTinley Park, IL 60477
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$1,270 - $1,7501 to 3 Bedroom Apartments Contact Us For Availability
Maple Leaf Apartments
759 Burr Oak LnUniversity Park, IL 60484
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$1,305 - $1,5252 Bedroom Apartments Available Dec 1
Manchester Court Apartments
14700 Central AveOak Forest, IL 60452
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$1,310 - $3,3981 to 2 Bedroom Apartments Available Now
Park Towers Apartment Homes
3905 Tower DrRichton Park, IL 60471
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$1,365 - $1,9251 to 3 Bedroom Apartments Available Now
Oakwood Townhomes
3324 Western AvePark Forest, IL 60466
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$1,3902 Bedroom Apartments Contact Us For Availability
Dynasty House Apartments
701 Sandra DrUniversity Park, IL 60484
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$1,449 - $1,6491 to 2 Bedroom Apartments Available Now
The Residences at 159 Tinley Park Place
15919 Centerway WalkTinley Park, IL 60477
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$1,450 - $1,6001 to 2 Bedroom Apartments Available Sep 15
Heritage Manor
15119 Catalina DrOrland Park, IL 60462
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$1,5602 Bedroom Apartments Contact Us For Availability
Westbridge Apartments
23433-23451 S Western AvePark Forest, IL 60466
3040 Chicago Rd
South Chicago HeightsIL60411
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1 Eagle Ln
BeecherIL60401
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5 Thomas Ct
Richton ParkIL60471
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Showing Results 1-28, 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 | $1,704 | $800 | $1,940 |
| Frankfort 1 Bedroom Apartments | $1,804 | $875 | $3,064 |
| Frankfort 2 Bedroom Apartments | $2,264 | $1,025 | $3,384 |
| Frankfort 3 Bedroom Apartments | $2,838 | $1,388 | $3,816 |
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 $800. Central Park in the Lincoln Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. 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 | $800 |
| Central Park | 1 Bedroom 1 Bath | 1BR,1BA | $1,199 |
| Olympic Village Apartments | The Pine | 1BR,1BA | $1,201 |
| Park Towers Apartment Homes | One Bedroom | 1BR,1BA | $1,310 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhouse | 1BR,1BA | $1,365 |
| Richton Trail | 2 Beds, 1 bath | 2BR,1BA | $1,375 |
| The Residences at 159 Tinley Park Place | 1 Bedroom Small | 1BR,1BA | $1,449 |
| Edgewater Walk Apartments | 2BR | 2BR,2BA | $1,450 |
| Arbors at Hickory Creek | Aspen | 1BR,1BA | $1,613 |
| Matteson Blu | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1,990 |
Best Value Apartments for Rent in Frankfort, IL and Nearby
As of September 14, 2025 the best value apartment in the Frankfort area is the $1.47 price per square foot 3BR/3.5BA Model at Alice Mae Townhomes in the in the Orland Crossing neighborhood starting from $3,240. The second greatest value Frankfort apartment is the Goddard - 3 Bed 2.5 Bath Model at Manors at Brookmere starting at $3,120 with a $2.14 price per square foot in the Southwick Courtyards 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. |
|---|---|---|---|
| Alice Mae Townhomes | 3BR/3.5BA | 3BR,3.5BA | $1.47 |
| Manors at Brookmere | Goddard - 3 Bed 2.5 Bath | 3BR,2.5BA | $2.14 |
| Central Park | 2 Bedroom 1 Bath Townhouse | 2BR,1BA | $1.15 |
| Edgewater Walk Apartments | 2BR | 2BR,2BA | $1.28 |
| Richton Trail | 2 Beds, 1 bath | 2BR,1BA | $1.71 |
| Arbors at Hickory Creek | Aspen | 1BR,1BA | $2.03 |
| Park Towers Apartment Homes | One Bedroom | 1BR,1BA | $1.70 |
| Olympic Village Apartments | The Spruce | 1BR,1BA | $1.89 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhouse | 1BR,1BA | $1.89 |
| Crest Apartments | Studio | Studio ,1BA | $1.78 |
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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
Getting 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 $875 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 $1,375 at Richton Trail.
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 $1,640.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.