1153 Williamsburg Rd
Country Club HillsIL60478
Cheap Homes for Rent in Frankfort, IL from $1,900 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Frankfort.
17984 Amherst Ct
Country Club HillsIL60478
235 Tampa St
Park ForestIL60466
4020 216th St
MattesonIL60443
4014 Euclid Ln
Richton ParkIL60471
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
5610 W Von Ave
MoneeIL60449
8342 W Lincoln Hwy
FrankfortIL60423
336 Waldmann Dr
Park ForestIL60466
22015 E Churchill Dr
Richton ParkIL60471
411 Huron St
Park ForestIL60466
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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 | $2,467 | $1,900 | $3,400 |
| Frankfort 3 Bedroom Homes for Rent | $2,791 | $2,000 | $3,708 |
| Frankfort 4 Bedroom Homes for Rent | $2,690 | $2,300 | $2,990 |
| Frankfort 5 Bedroom Homes for Rent | $3,695 | $3,695 | $3,695 |
Browse Top Homes for Rent in Frankfort
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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. Linden Park Apartments in the Downtown Park Forest 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crest Apartments | Studio | Studio,1BA | $800 |
| Linden Park Apartments | 1 Bed 1 Bath A | 1BR,1BA | $1,150 |
| Thornwood Apartments | 2x1 853 | 2BR,1BA | $1,175 |
Best Value Apartments for Rent in Frankfort, IL and Nearby
As of May 31, 2026 the best value apartment in the Frankfort area is the $1.72 price per square foot 4BR/3.5BA Model at Alice Mae Townhomes in the in the Orland Crossing neighborhood starting from $3,778. The second greatest value Frankfort apartment is the oak forest single family Home Model at 15930 Laramie Ave starting at $1,729 with a $0.88 price per square foot in the Chateaux 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 | 4BR/3.5BA | 4BR,3.5BA | $1.72 |
| 15930 Laramie Ave | oak forest single family Home | 3BR,2BA | $0.88 |
| 15122 Quail Hollow Dr | 3 Bedroom | 3BR,2BA | $1.52 |
| Arbors at Hickory Creek | Willow | 3BR,2BA | $1.45 |
| Westbridge Apartments | 2 Bed 2 Bath Renovated | 2BR,2BA | $1.59 |
| 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 | $1.72 |
| Thornwood Apartments | 2x1 853 | 2BR,1BA | $1.38 |
| Maple Leaf Apartments | Garden | 1BR,1BA | $1.66 |
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.
Read Article
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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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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 $17,582. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frankfort ranging from $1,900 to $3,708.
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 $1,900 to $3,708 with an average monthly rent of $2,910.
How much are larger Three and Four Bedroom Rentals in Frankfort?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Frankfort range from $1,437 to $6,448, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,708. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $3,778.
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
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.