Cheap Apartments for Rent in Frankfort, IL from $800 (21 Rentals)

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

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Pine Ridge
1 to 2 Bedroom Apartments

Pine Ridge

1112 Parkwood DrJoliet, IL 60432
  • Utilities Included
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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466

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

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7081 Apartments
1 Bedroom Apartments

7081 Apartments

7081 170th StTinley Park, IL 60477
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Frankfort, IL Local Guide

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. Edenbridge Apartments in the Brookside Glen neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Frankfort apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
Edenbridge ApartmentsSenior Living 1x11BR,1BA$1,150
Olympic Village ApartmentsThe Pine1BR,1BA$1,201
Oakwood Townhomes1 Bedroom1BR,1BA$1,240
Richton Trail2 Beds, 1 bath2BR,1BA$1,375

Best Value Apartments for Rent in Frankfort, IL and Nearby

As of July 31, 2025 the best value apartment in the Frankfort area is the $1.49 price per square foot 3BR/3.5BA Model at Alice Mae Townhomes in the in the Orland Crossing neighborhood starting from $3,272. The second greatest value Frankfort apartment is the Wedgewood Townhome Model at The Residences of Orland Park Crossing starting at $3,577 with a $2.02 price per square foot in the Ishnala neighborhood. Here is today’s list of the best values for Frankfort apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alice Mae Townhomes3BR/3.5BA3BR,3.5BA$1.49
The Residences of Orland Park CrossingWedgewood Townhome3BR,2.5BA$2.02
6607 181st St2BD\2BA with Office2BR,2BA$1.61
Park Towers Apartment HomesTwo Bedroom 2 Bath- 1040 sqft2BR,2BA$1.59
7448 Sycamore CtOne Bed s1BR,1BA$1.55
Richton Trail2 Beds, 1 bath2BR,1BA$1.71
Olympic Village ApartmentsThe Spruce1BR,1BA$1.89
Oakwood Townhomes1 Bedroom1BR,1BA$1.76
Edenbridge ApartmentsSenior Living 1x11BR,1BA$1.92
Crest ApartmentsStudioStudio ,1BA$1.78

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Best Local Schools in
Frankfort, IL

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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.

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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.

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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.

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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.

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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.