
Cheap Apartments for Rent in Franklin Park, IL from $600 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin Park.


Chestnut Villa

9565 Franklin Ave

1213 34th Ave, Unit 2

1213 34th Ave, Unit 16

1213 34th Ave

1938 N 17th Ave, Unit 3

Total Monthly Price
149 S 14th Ave, Unit 149 s 14th ave maywood, Unit 149 s 14th ave maywood

9632 Ivanhoe Ave, Unit A2

3745 Ruby St
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.

9234 Susy Ln, Unit 1w

140 E Lake St, Unit 9B

7733 W Belmont Ave, Unit 204, Unit 204

Brook Forest Apartments

9612 Ivanhoe Ave, Unit 3

9630 Ivanhoe Ave, Unit 3

5102 N Leonard Dr

1043 S York Rd

4600 N Cumberland Ave, Unit 513, Unit 513

9660 Ivanhoe Ave, Unit 1, Unit 1
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.

Linden Towers *Washer & Dryer in Apartment*

Fairway Green Apartments

The Bennington

Elmhurst Place Apartments

Brentwood Apartments

1971 N 19th Ave, Unit 6

Casa Heritage

Terrace Apartments

1123 N 33rd Ave

1450 N 1st Ave
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.

37 King Arthur Ct

9610-9634 Ivanhoe Ave

9829 Lawrence Ct

Dolores Place Apartments

Dolores Place Apartments

11010 W Grand Ave

8111 W Grand Ave

8107 W Grand Ave

1530 N 1st Ave

Liberty Village
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.

Royal Arms Apartments

1410 N 1st Ave

3723 Ruby St

8519 West Grand Avenue

12 Unit Apartment Building

12 Unit Apartment Building

Elmcrest Apartments

1510 N 1st Ave

8624 Fullerton Ave

1151 DAVID DRIVE
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!
Franklin Park, IL Local Guide

How much does it cost to rent an apartment in Franklin Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Franklin Park Studio Apartments | $2,053 | $1,150 | $2,381 |
| Cheap Franklin Park 1 Bedroom Apartments | $2,169 | $1,200 | $3,456 |
| Cheap Franklin Park 2 Bedroom Apartments | $2,809 | $1,690 | $5,244 |
| Cheap Franklin Park 3 Bedroom Apartments | $4,319 | $1,950 | $6,308 |
| Cheap Franklin Park 4 Bedroom Apartments | $5,150 | $5,000 | $5,300 |
Browse Top Apartments in Franklin Park
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Franklin Park, IL Local Guide

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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 8519 West Grand Avenue | 1BR/1.0BA | 1BR,1BA | $1,250 |
| Brook Forest Apartments | 1 Bedroom | 1BR,1BA | $1,435 |
| 102 S 17th Ave Maywood, IL 60153 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,485 |
| The Bennington | Seven 70 | 1BR,1BA | $1,583 |
| Brentwood Apartments | Premier Line | 1BR,1BA | $1,695 |
| Elmhurst Place Apartments | The Addison | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Premier Luxury Apartments | 2 Bed | 2BR,2BA | $1.97 |
| 1039 David Dr, Unit 2E | 1039 David Dr | 2BR,1BA | $1.59 |
| A&K Luxury Apartments | 1B/1B w/Dining or Home Office | 1BR,1BA | $2.03 |
| Linden Towers *Washer & Dryer in Apartment* | Two Bedroom #213 | 2BR,2BA | $1.92 |
| 1040 S York Rd, Unit 1N | 1040 S York Rd | 2BR,1.5BA | $1.94 |
| Brentwood Apartments | Luxury Line | 1BR,1BA | $2.02 |
| The Bennington | Seven 70 | 1BR,1BA | $2.06 |
| 3106 Calwagner St, Unit 2 | 3106 Calwagner St | 1BR,1BA | $1.87 |
| Brook Forest Apartments | 1 Bedroom | 1BR,1BA | $1.91 |
| 8519 West Grand Avenue | 1BR/1.0BA | 1BR,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.
Read ArticleBest 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 ArticleA 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 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.
Read ArticleQuick 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.
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
See the most popular apartments and homes in Franklin Park, IL
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

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.

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.

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.

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

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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.