Cheap Apartments for Rent in Franklin Grove, IL from $400 (52 Rentals)

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

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.

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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.

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Blackhawk Apartments
1 to 2 Bedroom Apartments

Blackhawk Apartments

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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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
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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
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4682 Trevor Cir
1 to 2 Bedroom Apartments

4682 Trevor Cir

4682 Trevor CirRockford, IL 61109

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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Showing Results 1-50, Page 1 of 2

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. Amber Manor in the Dekalb neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $629. Here is today’s list of the most affordable Franklin Grove apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northland Park ApartmentsStudioStudio,1BA$625
Amber ManorStudio A 60%Studio,1BA$629
MEADOWS OF LUKE RIDGE3 BED 1 BATH3BR,1BA$757
Dixon River Apartments2BD/2BA2BR,1BA$775
The Terraces at Dekalb on Hillcrest DriveHillcrest Drive 1 Bed1BR,1BA$825
Varsity Square Apartments1 Bedroom with Dining Room1BR,1BA$938
The Terraces at DekalbLincoln Hwy 2 Bed2BR,1BA$1,075
Eco Park33BR,2BA$1,355
City Hall Suites1 BD | 1 BA1BR,1BA$1,400
Mason Townhouse Suites4 TH4BR,3BA$2,050

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

As of July 23, 2026 the best value apartment in the Franklin Grove area is the $0.93 price per square foot 4 TH Model at Mason Townhouse Suites in the in the Dekalb neighborhood starting from $2,050. 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$0.93
MEADOWS OF LUKE RIDGE3 BED 1 BATH3BR,1BA$0.67
Eco Park33BR,2BA$1.39
Dixon River Apartments2BD/2BA2BR,1BA$0.92
The Terraces at DekalbLincoln Hwy 2 Bed2BR,1BA$1.43
Varsity Square Apartments1 Bedroom with Dining Room1BR,1BA$1.71
Northland Park ApartmentsStudioStudio ,1BA$1.51
The Terraces at Dekalb on Hillcrest DriveHillcrest Drive 1 Bed1BR,1BA$2.06
Amber ManorStudio A 60%Studio ,1BA$3.08

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

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 $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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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.

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.