4032 216th St
MattesonIL60443
Cheap Homes for Rent near Frankfort, IL from $1,825 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Frankfort.
10712 Mary Ln
MokenaIL60448
4624 Saratoga Rd
Richton ParkIL60471
17950 Michael Ave
Country Club HillsIL60478
4020 216th St
MattesonIL60443
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
213 Tampa St
Park ForestIL60466
471 Tomahawk St
Park ForestIL60466
5045 W Sawgrass Dr
MoneeIL60449
16743 Paxton Ave
Tinley ParkIL60477
48 Churn Rd
MattesonIL60443
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Showing Results 1-10, Page 1 of 1
Frankfort, IL Local Guide
How much does it cost to rent a home in Frankfort?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Frankfort 2 Bedroom Homes for Rent | $2,615 | $1,825 | $3,400 |
| Frankfort 3 Bedroom Homes for Rent | $2,611 | $1,900 | $3,500 |
| Frankfort 4 Bedroom Homes for Rent | $3,343 | $2,200 | $4,500 |
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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. Carriage Creek Apartments in the Lincoln Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,205. 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 |
| Carriage Creek Apartments | 1 Bed 1 Bath Garden A | 1BR,1BA | $1,205 |
| Dynasty House Apartments | 1 Bedroom UNIV | 1BR,1BA | $1,305 |
Best Value Apartments for Rent in Frankfort, IL and Nearby
As of August 30, 2026 the best value apartment in the Frankfort area is the $1.26 price per square foot 2 Bedroom 1 Bath Townhouse Model at Central Park in the in the Lincoln Station neighborhood starting from $1,669. The second greatest value Frankfort apartment is the Willow Model at Arbors at Hickory Creek starting at $2,149 with a $1.84 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. |
|---|---|---|---|
| Central Park | 2 Bedroom 1 Bath Townhouse | 2BR,1BA | $1.26 |
| Arbors at Hickory Creek | Willow | 3BR,2BA | $1.84 |
| Dynasty House Apartments | 3 Bedroom UNIV | 3BR,2BA | $1.86 |
| Pheasant Run Apartments | sc3s1.5 | 3BR,1.5BA | $1.83 |
| Heritage Manor | 1BR/1BATH | 1BR,1BA | $1.53 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1.60 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.66 |
| Maple Leaf Apartments | Garden | 1BR,1BA | $1.66 |
| Park Towers Apartments | 1 Bed 1 Bath A | 1BR,1BA | $1.81 |
| Crest Apartments | Studio | Studio ,1BA | $1.78 |
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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Best Local Schools in Frankfort, IL
Lincoln-Way East High School
Lincoln Way Chsd 210 School District
Public School - Grades 9-12 (2676)
8 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
Frequently Asked Questions about Frankfort
What type of rentals are currently available in Frankfort?
There are currently 69 Apartments for Rent in Frankfort, IL with pricing that ranges from $800 to $5,422. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frankfort ranging from $1,825 to $4,500.
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 $1,825 to $4,500 with an average monthly rent of $2,749.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.