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

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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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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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
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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

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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4003 9th St
2 Bedroom Apartments

4003 9th St

4003 9th StRockford, IL 61109
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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

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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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 3 Beds apartment currently listed from $757. 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 RIDGE3 BED 1 BATH3BR,1BA$757
Dixon River Apartments2BD/2BA2BR,1BA$775
University Heights ApartmentsStStudio,1BA$780
103 W Railroad StStudio1BR,1BA$850
The Terraces at DekalbLincoln Hwy 1 Bed1BR,1BA$925
Varsity Square Apartments1 Bedroom with Dining Room1BR,1BA$938
Eco Park33BR,2BA$1,290
City Hall Suites1 BD | 1 BA1BR,1BA$1,400
Hunter Star PropertiesHunter Star - 8 Bedroom 2.5 Bath8BR,2BA$2,100

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

As of June 08, 2026 the best value apartment in the Franklin Grove area is the $0.98 price per square foot 4 TH Model at Mason Townhouse Suites in the in the Devonaire Farms neighborhood starting from $2,150. The second greatest value Franklin Grove apartment is the 3 BED 1 BATH Model at MEADOWS OF LUKE RIDGE starting at $757 with a $0.67 price per square foot . 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.
Mason Townhouse Suites4 TH4BR,3BA$0.98
MEADOWS OF LUKE RIDGE3 BED 1 BATH3BR,1BA$0.67
Eco Park33BR,2BA$1.32
Dixon River Apartments2BD/2BA2BR,1BA$0.92
Varsity Square Apartments1 Bedroom with Dining Room1BR,1BA$1.71
The Terraces at DekalbLincoln Hwy 1 Bed1BR,1BA$1.95
University Heights ApartmentsStStudio ,1BA$1.80
Northland Park ApartmentsStudioStudio ,1BA$1.51
University Plaza ApartmentsA1 Floor Plan1BR,1BA$3.15

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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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

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

The lowest price for a Cheap One Bedroom Franklin Grove Apartment is $750 at Northland Park 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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.

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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.