
Cheap Apartments for Rent in Franklin Park, IL from $600 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin Park.


Chestnut Villa

9565 Franklin Ave

1213 34th Ave

4938 N Leonard Dr

1530 N 1st Ave

9234 Susy Ln

1971 N 19th Ave
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.

1971 N 19th Ave

Brook Forest Apartments

The Bennington

805 N 22nd Ave

8236 W Belmont Ave

9229 Jill Ln

1827 N 43rd Ave, Unit 8

171 25th Ave
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.

9660 Ivanhoe Ave, Unit 1

Fairway Green Apartments

Brentwood Apartments

315 Kimbell Ave

1045 David Dr, Unit 2W

Casa Heritage

Terrace Apartments

1450 N 1st Ave
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!

1123 N 33rd Ave

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
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.

8107 W Grand Ave

Liberty Village

Royal Arms Apartments

8519 West Grand Avenue

1410 N 1st Ave

12 Unit Apartment Building

12 Unit Apartment Building

Urban Eq-140 East Lake
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.

1510 N 1st Ave

8624 Fullerton Ave

1151 DAVID DRIVE

102 S 17th Ave Maywood, IL 60153
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 | $1,935 | $1,100 | $2,241 |
| Cheap Franklin Park 1 Bedroom Apartments | $2,115 | $1,150 | $4,048 |
| Cheap Franklin Park 2 Bedroom Apartments | $2,576 | $1,350 | $5,476 |
| Cheap Franklin Park 3 Bedroom Apartments | $3,959 | $1,745 | $6,192 |
| Cheap Franklin Park 4 Bedroom Apartments | $4,900 | $4,800 | $5,000 |
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 1530 N 1st Ave in the North Maywood neighborhood priced from $1,150. 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 |
|---|---|---|---|
| 1530 N 1st Ave | 1BD/1BA | 1BR,1BA | $1,150 |
| Brook Forest Apartments | 1 Bedroom | 1BR,1BA | $1,435 |
| The Bennington | Seven 70 | 1BR,1BA | $1,449 |
| 102 S 17th Ave Maywood, IL 60153 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,530 |
| Brentwood Apartments | Chicago Loft | 1BR,1BA | $1,595 |
| Linden Towers *Washer & Dryer in Apartment* | Two Bedroom #308 | 2BR,2BA | $1,675 |
| Elmhurst Place Apartments | The Addison | 1BR,1BA | $1,695 |
Best Value Apartments for Rent in Franklin Park, IL
As of January 27, 2026 the best value apartment in the Franklin Park area is the $2.05 price per square foot Evergreen Model at The Grove Luxury Townhomes in the in the Dunning neighborhood starting from $4,500. The second greatest value Franklin Park apartment is the 3618 N Ozanam Ave Model at 3618 N Ozanam Ave, Unit 3 starting at $1,875 with a $1.34 price per square foot in the Dunning 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. |
|---|---|---|---|
| The Grove Luxury Townhomes | Evergreen | 3BR,3.5BA | $2.05 |
| 3618 N Ozanam Ave, Unit 3 | 3618 N Ozanam Ave | 3BR,1.5BA | $1.34 |
| 1619 N 35th Ave, Unit 1 | 1619 N 35th Ave | 3BR,1.5BA | $1.75 |
| 1045 David Dr, Unit 2W | 1045 David Dr | 2BR,1BA | $1.60 |
| Linden Towers *Washer & Dryer in Apartment* | Two Bedroom #813 | 2BR,2BA | $1.79 |
| The Bennington | Eight 72 Den | 1BR,1BA | $2.01 |
| Brentwood Apartments | Luxury Line | 1BR,1BA | $2.02 |
| Brook Forest Apartments | 1 Bedroom | 1BR,1BA | $1.91 |
| 3106 Calwagner St, Unit 2 | 3106 Calwagner St | 1BR,1BA | $1.87 |
| 1530 N 1st Ave | 1BD/1BA | 1BR,1BA | $2.05 |
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 ArticleThe 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 ArticleCash 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 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 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
How much is rent for a Cheap One Bedroom Franklin Park Apartment?
The lowest price for a Cheap One Bedroom Franklin Park Apartment is $1,150 at 1530 N 1st Ave.
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 $1,530 at 102 S 17th Ave Maywood, IL 60153.
What is the most affordable Franklin Park Three Bedroom Apartment?
The best deal on a cheap Franklin Park Three Bedroom Apartment rental is at Elmhurst 255 and starts from $4,075.
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

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.

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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.