Cheap Apartments for Rent in Franklin Park, IL from $600 (41 Rentals)

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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
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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

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.

property at 329 Kimbell Ave

329 Kimbell Ave

ElmhurstIL60126
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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
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1450 N 1st Ave
1 to 2 Bedroom Apartments

1450 N 1st Ave

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

1123 N 33rd Ave

1123 N 33rd 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
  • 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.

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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
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3001 N Thatcher Ave
Studio to 1 Bedroom Apartments

3001 N Thatcher Ave

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
  • Utilities Included

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.

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1151 DAVID DRIVE
1 Bedroom Apartments

1151 DAVID DRIVE

1151 David DrBensenville, IL 60106

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 Studio unit found at The Bennington in the Metra-Bensenville Station neighborhood priced from $1,332. Brentwood Apartments in the Metra-Bensenville Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,595. Here is today’s list of the most affordable Franklin Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The BenningtonFour 60Studio,1BA$1,332
Brentwood ApartmentsChicago Loft1BR,1BA$1,595
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 October 28, 2025 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Grove Luxury TownhomesEvergreen3BR,3.5BA$2.05
3618 N Ozanam Ave, Unit 33618 N Ozanam Ave3BR,1.5BA$1.34
2000 N 17th Ave, Unit 12000 N 17th Ave3BR,1BA$1.67
1619 N 35th Ave, Unit 11619 N 35th Ave3BR,1.5BA$1.75
Brentwood ApartmentsLuxury Line1BR,1BA$2.02
Elmhurst Place ApartmentsThe Addison1BR,1BA$2.12
1039 David Dr, Unit 1E1039 David Dr1BR,1BA$2.00
1039 David Dr, Unit 1E1039 David Dr1BR,1BA$2.13
1750 Riverwoods Dr, Unit 1091750 Riverwoods Dr1BR,1BA$1.75
3106 Calwagner St, Unit B3106 Calwagner St1BR,1BA$1.93

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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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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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.

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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!

Explore Franklin Park, IL Rentals by Map

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

Getting Around Franklin Park, IL

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

31 / 100

Some Transit

A few nearby public transportation options

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 $1,447 at The Bennington.

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 $1,850 at Elmhurst Place Apartments.

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 Residences and starts from $3,450.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.