Cheap Apartments for Rent in Franklin Park, IL from $600 (40 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Chestnut Villa
Studio to 2 Bedroom Apartments

Chestnut Villa

9403-9407 Chestnut AveFranklin Park, IL 60131
  • Utilities Included
close
View Me
9565 Franklin Ave
1 Bedroom Apartments

9565 Franklin Ave

9565 Franklin AveFranklin Park, IL 60131
  • Smoke Free

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.

property at 805 N 22nd Ave

$1,450

2 Bedroom Rentals

Available Now

805 N 22nd Ave

Melrose ParkIL60160

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.

close
View Me
Casa Heritage
Studio to 1 Bedroom Apartments

Casa Heritage

10315 W Palmer AveMelrose Park, IL 60164
  • Utilities Included
close
View Me
Terrace Apartments
1 to 2 Bedroom Apartments

Terrace Apartments

1829 N Broadway AveMelrose Park, IL 60160
  • Utilities Included
close
View Me
1450 N 1st Ave
1 to 2 Bedroom Apartments

1450 N 1st Ave

1450 N 1st AveMelrose Park, IL 60160
  • Utilities Included
close
View Me
1123 N 33rd Ave
1 Bedroom Apartments

1123 N 33rd Ave

1123 N 33rd AveMelrose Park, IL 60160
  • Utilities Included
close
View Me
37 King Arthur Ct
1 Bedroom Apartments

37 King Arthur Ct

37 King Arthur CtNorthlake, IL 60164
  • Utilities Included
close
View Me
9610-9634 Ivanhoe Ave
1 to 2 Bedroom Apartments

9610-9634 Ivanhoe Ave

9610-9634 Ivanhoe AveSchiller Park, IL 60176
  • Utilities Included
close
View Me
9829 Lawrence Ct
1 to 2 Bedroom Apartments

9829 Lawrence Ct

9829 Lawrence CtSchiller Park, IL 60176
  • Utilities Included

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

close
View Me
11010 W Grand Ave
1 to 2 Bedroom Apartments

11010 W Grand Ave

11010 W Grand AveMelrose Park, IL 60164
  • Utilities Included
close
View Me
8111 W Grand Ave
2 to 3 Bedroom Apartments

8111 W Grand Ave

8111 W Grand AveRiver Grove, IL 60171
  • Utilities Included
close
View Me
8107 W Grand Ave
2 to 3 Bedroom Apartments

8107 W Grand Ave

8107 W Grand AveRiver Grove, IL 60171
  • Utilities Included
close
View Me
1530 N 1st Ave
1 Bedroom Apartments

1530 N 1st Ave

1530 N 1st AveMelrose Park, IL 60160
  • Utilities Included
close
View Me
Liberty Village
Studio to 2 Bedroom Apartments

Liberty Village

415 N York StElmhurst, IL 60126
Senior Living
close
View Me
Royal Arms Apartments
Studio to 1 Bedroom Apartments

Royal Arms Apartments

3001 N Thatcher AveRiver Grove, IL 60171
  • Utilities Included

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.

close
View Me
1410 N 1st Ave
2 Bedroom Apartments

1410 N 1st Ave

1410 N 1st AveMelrose Park, IL 60160
  • Utilities Included
close
View Me
8519 Grand Ave
1 Bedroom Apartments

8519 Grand Ave

8519 Grand AveRiver Grove, IL 60171
close
View Me
8624 Fullerton Ave
1 to 2 Bedroom Apartments

8624 Fullerton Ave

8624 Fullerton AveRiver Grove, IL 60171
close
View Me
1151 DAVID DRIVE
1 Bedroom Apartments

1151 DAVID DRIVE

1151 David DrBensenville, IL 60106

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.

Franklin Park, IL Local Guide

Photo of Staff Writer  - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Available Franklin Park Apartments for Rent

 

The cheapest available apartment rental in Franklin Park, IL is a 2 Beds unit found at 1510 N 1st Ave in the North Maywood neighborhood priced from $1,350. Brook Forest Apartments in the Elmhurst City Centre neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,435. Here is today’s list of the most affordable Franklin Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1510 N 1st Ave2BD/1BA2BR,1BA$1,350
Brook Forest Apartments1 Bedroom1BR,1BA$1,435
Maywood Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1,485
Linden Towers *Washer & Dryer in Apartment*One Bedroom Plan #7161BR,1BA$1,500
The BenningtonSeven 701BR,1BA$1,564
Brentwood ApartmentsPremier Line1BR,1BA$1,695
Elmhurst Place ApartmentsThe Addison1BR,1BA$1,695
Premier Luxury Apartments1 Bed - Jr.1BR,1BA$1,750

Best Value Apartments for Rent in Franklin Park, IL

As of March 23, 2026 the best value apartment in the Franklin Park area is the $1.60 price per square foot 8222 Grand Ave Model at 8222 Grand Ave, Unit 3a in the in the Dunning neighborhood starting from $2,400. The second greatest value Franklin Park apartment is the 2833 Auxplaines Ave Model at 2833 Auxplaines Ave, Unit Unite 3 starting at $2,450 with a $1.81 price per square foot in the Irving Woods neighborhood. Here is today’s list of the best values for Franklin Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
8222 Grand Ave, Unit 3a8222 Grand Ave3BR,2BA$1.60
2833 Auxplaines Ave, Unit Unite 32833 Auxplaines Ave3BR,2BA$1.81
A&K Luxury Apartments1B/1B w/Dining or Home Office1BR,1BA$2.03
1040 S York Rd, Unit 1N1040 S York Rd2BR,1.5BA$1.80
1510 N 1st Ave2BD/1BA2BR,1BA$1.59
Brentwood ApartmentsLuxury Line1BR,1BA$2.02
The BenningtonSeven 701BR,1BA$2.03
Brook Forest Apartments1 Bedroom1BR,1BA$1.91
3106 Calwagner St, Unit 23106 Calwagner St1BR,1BA$1.87
Linden Towers *Washer & Dryer in Apartment*One Bedroom Plan #7161BR,1BA$2.07

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.

Read Article
Decorative image

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
Decorative image

Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Franklin Park Overview

Franklin Park is an incorporated village located about 15 miles west of northern Chicago. O’Hare International Airport abuts the village’s northwestern border. A major railroad crossing and easy access to local freeways make Franklin Park and ideal industrial location. It ranks as Illinois’ fourth-largest industrial center. That helps to keep employment rates and opportunities high.

Why live in Franklin Park, IL?

Franklin Park is ideally situated to escape the confining nature of a mega-city like Chicago. Many great communities are located near Franklin Park. If you want to fly virtually anywhere or have friends flying in for a visit, O’Hare International Airport borders Franklin Park’s northwestern area. Easy access to I-294 and U.S.-95 make it much easier to commute to jobs elsewhere in the greater Chicagoland area. You get the best combination of small-town atmosphere and big city convenience, entertainment, and career options.

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

Explore Franklin Park, IL Rentals by Map

View Map
Franklin Park, IL Apartments Map
View Map
Franklin Park, IL Rental Homes Map

Frequently Asked Questions about Cheap Franklin Park Apartments

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

The lowest price for a Cheap One Bedroom Franklin Park Apartment is $1,435 at Brook Forest Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Franklin Park is starting from $1,350 at 1510 N 1st Ave.

What is the most affordable Franklin Park Three Bedroom Apartment?

The best deal on a cheap Franklin Park Three Bedroom Apartment rental is at The Grove - Encore and starts from $4,350.

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.

Helpful Local Expert Guides

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

decorative image for Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago article

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.