3040 Chicago Rd
South Chicago HeightsIL60411
Cheap Homes for Rent in Frankfort, IL from $900 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Frankfort.
1 Eagle Ln
BeecherIL60401
5 Thomas Ct
Richton ParkIL60471
15240 El Cameno Terrace
Orland ParkIL60462
1224 N Cedar Rd
New LenoxIL60451
400 Oakview Ave
JolietIL60433
5136 Sawgrass Dr
MoneeIL60449
25621 Shoal Creek Dr
MoneeIL60449
22231 Latonia Ln
Richton ParkIL60471
7966 163rd Pl
Tinley ParkIL60477
11220 1st St
MokenaIL60448
25719 Shinnecock Dr
MoneeIL60449
22230 Latonia Ln
Richton ParkIL60471
718 Lake Rd
New LenoxIL60451
208 Morgan St
Chicago HeightsIL60411
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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 a home in Frankfort?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Frankfort 2 Bedroom Homes for Rent | $2,415 | $1,425 | $4,000 |
| Frankfort 3 Bedroom Homes for Rent | $2,562 | $1,350 | $4,250 |
| Frankfort 4 Bedroom Homes for Rent | $3,137 | $2,000 | $5,890 |
| Frankfort 5 Bedroom Homes for Rent | $4,249 | $3,800 | $4,699 |
Browse Top Homes for Rent in Frankfort
Explore Frankfort
Frankfort, IL Local Guide
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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 |
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
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Frequently Asked Questions about Frankfort
What type of rentals are currently available in Frankfort?
There are currently 59 Apartments for Rent in Frankfort, IL with pricing that ranges from $800 to $5,295. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frankfort ranging from $950 to $5,890.
What is the current price range for Rental Homes in Frankfort?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Frankfort ranges from $950 to $5,890 with an average monthly rent of $2,662.
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.