Cheap Apartments for Rent in Franklin Grove, IL from $400 (44 Rentals)

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

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.

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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.

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Blackhawk Apartments
1 to 2 Bedroom Apartments

Blackhawk Apartments

406 S 3rd StOregon, IL 61061
Senior Living
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Rock Falls Apartments
Studio to 2 Bedroom Apartments

Rock Falls Apartments

1608 E Rock Falls RdRock Falls, IL 61071
  • Utilities Included
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4682 Trevor Cir
1 to 2 Bedroom Apartments

4682 Trevor Cir

4682 Trevor CirRockford, IL 61109
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4651 GOVERNORS DR
1 to 2 Bedroom Apartments

4651 GOVERNORS DR

4651 Governors DrRockford, IL 61109
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4604 Governors Dr
1 to 2 Bedroom Apartments

4604 Governors Dr

4604 Governors DrRockford, IL 61109

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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4210-4212 7th St
2 Bedroom Apartments

4210-4212 7th St

4210-4212 7th StRockford, IL 61109
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4714 Trevor Cir
1 to 2 Bedroom Apartments

4714 Trevor Cir

4714 Trevor CirRockford, IL 61109
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4566 Governors Dr
1 to 2 Bedroom Apartments

4566 Governors Dr

4566 Governors DrRockford, IL 61109
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4003 9th St
2 Bedroom Apartments

4003 9th St

4003 9th StRockford, IL 61109

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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4205 8th St
2 Bedroom Apartments

4205 8th St

4205 8th StRockford, IL 61109
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4551 Governors Dr
2 Bedroom Apartments

4551 Governors Dr

4551 Governors DrRockford, IL 61109
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4536 Trevor Cir
1 to 2 Bedroom Apartments

4536 Trevor Cir

4536 Trevor CirRockford, IL 61109
Showing Results 1-44, Page 1 of 1

Franklin Grove, IL Local Guide

Cheapest Available Franklin Grove Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin Grove, IL is a Studio unit found at Northland Park Apartments priced from $625. MEADOWS OF LUKE RIDGE has the second lowest priced unit, which is a 2 Beds apartment currently listed from $670. Here is today’s list of the most affordable Franklin Grove apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northland Park ApartmentsStudioStudio,1BA$625
MEADOWS OF LUKE RIDGE2 BED 1 BATH2BR,1BA$670
Dixon River Apartments1BD/1BA1BR,1BA$675
The Terraces at Dekalb on Ridge DriveRidge Drive StudioStudio,1BA$725
Ashbury CourtSTStudio,1BA$815
103 W Railroad St1 Bed, 1 bath1BR,1BA$850
The Terraces at Dekalb on Normal RoadNormal Road 1 Bed1BR,1BA$895
University Heights Apartments1B1BR,1BA$895
Great Oaks ApartmentsPrimrose at Great Oaks1BR,1BA$901

Best Value Apartments for Rent in Franklin Grove, IL and Nearby

As of April 24, 2026 the best value apartment in the Franklin Grove area is the $1.29 price per square foot Ridge Two Bedroom Model at The Hamptons in the in the Rolling Green neighborhood starting from $1,265. The second greatest value Franklin Grove apartment is the 3 Model at Eco Park starting at $1,290 with a $1.32 price per square foot in the Devonaire Farms neighborhood. Here is today’s list of the best values for Franklin Grove apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The HamptonsRidge Two Bedroom2BR,1BA$1.29
Eco Park33BR,2BA$1.32
MEADOWS OF LUKE RIDGE2 BED 1 BATH2BR,1BA$0.71
103 S Spring St103 S Spring St2BR,1BA$0.94
Lincolnshire West1bu1BR,1BA$1.57
Dixon River Apartments1BD/1BA1BR,1BA$1.03
University Heights Apartments1B1BR,1BA$1.58
Great Oaks ApartmentsPrimrose at Great Oaks1BR,1BA$1.64
Northland Park ApartmentsStudioStudio ,1BA$1.51
Ashbury CourtSTStudio ,1BA$1.98

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick 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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Franklin Grove, IL Rentals by Map

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See the most popular apartments and homes in Franklin Grove, IL

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Frequently Asked Questions about Cheap Franklin Grove Apartments

What is the Cheapest Studio apartment in Franklin Grove?

Currently the most affordable Cheap Studio Apartment in Franklin Grove is at Northland Park Apartments listed at $625.

How much is rent for a Cheap One Bedroom Franklin Grove Apartment?

The lowest price for a Cheap One Bedroom Franklin Grove Apartment is $675 at Dixon River Apartments.

What is the lowest price for a Cheap Two Bedroom Franklin Grove Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Franklin Grove is starting from $775 at Dixon River Apartments.

What is the most affordable Franklin Grove Three Bedroom Apartment?

The best deal on a cheap Franklin Grove Three Bedroom Apartment rental is at MEADOWS OF LUKE RIDGE and starts from $757.

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

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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.

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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.