Cheap Apartments for Rent in Franklin Park, IL from $600 (53 Rentals)

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

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Chestnut Villa
Studio to 2 Bedroom Apartments

Chestnut Villa

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

9565 Franklin Ave

9565 Franklin AveFranklin Park, IL 60131
  • Smoke Free
property at 1213 34th Ave

$1,150

Studio Rentals

Available Jun 1

1213 34th Ave

Melrose ParkIL60160

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.

property at 7733 W Belmont Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

1 Bedroom, 1 Bath Condo for Rent

Available May 15

7733 W Belmont Ave, Unit 204, Unit 204

7733 W Belmont Ave
ChicagoIL60707
property at 4600 N Cumberland Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

4600 N Cumberland Ave, Unit 513, Unit 513

4600 N Cumberland Ave
ChicagoIL60656

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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Casa Heritage
Studio to 1 Bedroom Apartments

Casa Heritage

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

Terrace Apartments

1829 N Broadway AveMelrose Park, IL 60160
  • Utilities Included
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1123 N 33rd Ave
1 Bedroom Apartments

1123 N 33rd Ave

1123 N 33rd AveMelrose Park, IL 60160
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1450 N 1st Ave
1 to 2 Bedroom Apartments

1450 N 1st Ave

1450 N 1st AveMelrose Park, IL 60160
  • 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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37 King Arthur Ct
1 Bedroom Apartments

37 King Arthur Ct

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

9610-9634 Ivanhoe Ave

9610-9634 Ivanhoe AveSchiller Park, IL 60176
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9829 Lawrence Ct
1 to 2 Bedroom Apartments

9829 Lawrence Ct

9829 Lawrence CtSchiller Park, IL 60176
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11010 W Grand Ave
1 to 2 Bedroom Apartments

11010 W Grand Ave

11010 W Grand AveMelrose Park, IL 60164
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8111 W Grand Ave
2 to 3 Bedroom Apartments

8111 W Grand Ave

8111 W Grand AveRiver Grove, IL 60171
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8107 W Grand Ave
2 to 3 Bedroom Apartments

8107 W Grand Ave

8107 W Grand AveRiver Grove, IL 60171
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1530 N 1st Ave
1 Bedroom Apartments

1530 N 1st Ave

1530 N 1st AveMelrose Park, IL 60160
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Liberty Village
Studio to 2 Bedroom Apartments

Liberty Village

415 N York StElmhurst, IL 60126
Senior Living

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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Royal Arms Apartments
Studio to 1 Bedroom Apartments

Royal Arms Apartments

3001 N Thatcher AveRiver Grove, IL 60171
  • Utilities Included
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1410 N 1st Ave
2 Bedroom Apartments

1410 N 1st Ave

1410 N 1st AveMelrose Park, IL 60160
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1510 N 1st Ave
2 Bedroom Apartments

1510 N 1st Ave

1510 N 1st AveMelrose Park, IL 60160
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8624 Fullerton Ave
1 to 2 Bedroom Apartments

8624 Fullerton Ave

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

1151 DAVID DRIVE

1151 David DrBensenville, IL 60106

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Franklin Park, IL Local Guide

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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 1 Bed unit found at 8519 West Grand Avenue in the Irving Woods neighborhood priced from $1,250. 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
8519 West Grand Avenue1BR/1.0BA1BR,1BA$1,250
Brook Forest Apartments1 Bedroom1BR,1BA$1,435
102 S 17th Ave Maywood, IL 601532 Bedroom 1 Bath Apartment2BR,1BA$1,485
The BenningtonSeven 701BR,1BA$1,583
Brentwood ApartmentsPremier Line1BR,1BA$1,695
Elmhurst Place ApartmentsThe Addison1BR,1BA$1,695

Best Value Apartments for Rent in Franklin Park, IL

As of May 07, 2026 the best value apartment in the Franklin Park area is the $1.97 price per square foot 2 Bed Model at Premier Luxury Apartments in the in the Irving Woods neighborhood starting from $2,498. The second greatest value Franklin Park apartment is the 1039 David Dr Model at 1039 David Dr, Unit 2E starting at $1,750 with a $1.59 price per square foot in the Elmhurst City Centre 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.
Premier Luxury Apartments2 Bed2BR,2BA$1.97
1039 David Dr, Unit 2E1039 David Dr2BR,1BA$1.59
A&K Luxury Apartments1B/1B w/Dining or Home Office1BR,1BA$2.03
Linden Towers *Washer & Dryer in Apartment*Two Bedroom #2132BR,2BA$1.92
1040 S York Rd, Unit 1N1040 S York Rd2BR,1.5BA$1.94
Brentwood ApartmentsLuxury Line1BR,1BA$2.02
The BenningtonSeven 701BR,1BA$2.06
3106 Calwagner St, Unit 23106 Calwagner St1BR,1BA$1.87
Brook Forest Apartments1 Bedroom1BR,1BA$1.91
8519 West Grand Avenue1BR/1.0BA1BR,1BA$2.08

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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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

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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

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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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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!

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Frequently Asked Questions about Cheap Franklin Park Apartments

What is the Cheapest Studio apartment in Franklin Park?

Currently the most affordable Cheap Studio Apartment in Franklin Park is at The Fynn listed at $1,970.

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

The lowest price for a Cheap One Bedroom Franklin Park Apartment is $1,250 at 8519 West Grand Avenue.

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 $1,485 at 102 S 17th Ave Maywood, IL 60153.

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

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

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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.

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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

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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.

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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.

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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

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