
Cheap Homes for Rent in Franklin Grove, IL from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin Grove.


105 N Elm St, Unit 206

514 Galt Ave

407 6th St

314 N Longwood St

509 7th Ave

104 E Fulton St
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.

102 E Fulton St

1211 21st Pl

1209 21st Pl

615 Newport Ave

504 Lexington Ave

4006 8th St

705 Corbin St
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.
Franklin Grove, IL Local Guide

How much does it cost to rent a home in Franklin Grove?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Grove 2 Bedroom Homes for Rent | $1,334 | $1,100 | $1,700 |
| Franklin Grove 3 Bedroom Homes for Rent | $1,799 | $1,100 | $2,950 |
| Franklin Grove 4 Bedroom Homes for Rent | $2,250 | $1,625 | $2,625 |
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Franklin Grove, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Northland Park Apartments | Studio | Studio,1BA | $625 |
| Amber Manor | Studio A 60% | Studio,1BA | $629 |
| Dixon River Apartments | 2BD/2BA | 2BR,1BA | $775 |
| The Terraces at Dekalb on Hillcrest Drive | Hillcrest Drive 1 Bed | 1BR,1BA | $825 |
| Varsity Square Apartments | Small Corner 1 Bedroom | 1BR,1BA | $928 |
Best Value Apartments for Rent in Franklin Grove, IL and Nearby
As of July 30, 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 2BD/2BA Model at Dixon River Apartments starting at $775 with a $0.92 price per square foot in the Lee County neighborhood. Here is today’s list of the best values for Franklin Grove apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mason Townhouse Suites | 4 TH | 4BR,3BA | $0.93 |
| Dixon River Apartments | 2BD/2BA | 2BR,1BA | $0.92 |
| Ashbury Court | 2B | 2BR,1BA | $1.30 |
| The Terraces at Dekalb | Lincoln Hwy 2 Bed | 2BR,1BA | $1.43 |
| Great Oaks Apartments | Primrose at Great Oaks | 1BR,1BA | $1.77 |
| Varsity Square Apartments | Small Corner 1 Bedroom | 1BR,1BA | $1.75 |
| Northland Park Apartments | Studio | Studio ,1BA | $1.51 |
| The Terraces at Dekalb on Hillcrest Drive | Hillcrest Drive 1 Bed | 1BR,1BA | $2.06 |
| Amber Manor | Studio 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.
Read ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Franklin Grove
What type of rentals are currently available in Franklin Grove?
There are currently 53 Apartments for Rent in Franklin Grove, IL with pricing that ranges from $485 to $2,500. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin Grove ranging from $650 to $2,950.
What is the current price range for Rental Homes in Franklin Grove?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin Grove ranges from $650 to $2,950 with an average monthly rent of $1,595.
How much are larger Three and Four Bedroom Rentals in Franklin Grove?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin Grove range from $757 to $1,960, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,625 and Four Bedroom Apartments start at $1,295.
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.

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.

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.