
Cheap Apartments for Rent in Franklin Park, IL from $600 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin Park.


Premier Luxury Apartments

Chestnut Villa

9565 Franklin Ave

1360 N 1st Ave, Unit C3

3001 N Thatcher Ave, Unit 2L

1043 S York Rd, Unit 301

150 E Lake St

1213 34th Ave

Brook Forest Apartments
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.

3001 N Thatcher Ave, Unit 3M

3001 N Thatcher Ave, Unit 2M

5102 N Leonard Dr

Total Monthly Price
9660 Ivanhoe Ave, Unit 1

3001 N Thatcher Ave, Unit 4G

176 S Walnut St

Fairway Green Apartments

The Bennington

Linden Towers *Washer & Dryer in Apartment*

Total Monthly Price
215 E 1st St, 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.

Total Monthly Price
1617 N 35th Ave, Unit G

1617 N 35th Ave

Kenmore Park

Elmhurst Place Apartments

Brentwood Apartments

Total Monthly Price
4744 Rose St, Unit 2R

Total Monthly Price
1045 David Dr, Unit 2W

4600 N Cumberland Ave

1971 N 19th Ave, Unit 7

Casa Heritage
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.

Terrace Apartments

1123 N 33rd Ave

1450 N 1st 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
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.

8107 W Grand Ave

1530 N 1st Ave

Liberty Village

Royal Arms Apartments

1410 N 1st Ave

8519 Grand Ave

12 Apartment Building

12 Apartment Building

Elmcrest Apartments

3001 N Thatcher Ave, Unit 3L
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $2,131 | $1,475 | $2,456 |
| Cheap Franklin Park 1 Bedroom Apartments | $2,241 | $1,250 | $3,456 |
| Cheap Franklin Park 2 Bedroom Apartments | $2,604 | $1,600 | $4,738 |
| Cheap Franklin Park 3 Bedroom Apartments | $3,843 | $2,000 | $6,308 |
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 Brook Forest Apartments in the Metra-Bensenville Station neighborhood priced from $1,435. 9565 Franklin Ave in the Irving Woods neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,495. Here is today’s list of the most affordable Franklin Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brook Forest Apartments | 1 Bedroom | 1BR,1BA | $1,435 |
| 9565 Franklin Ave | New Gut Rehab 1Bed 1Bath | 1BR,1BA | $1,495 |
| Elmhurst Place Apartments | The Addison | 1BR,1BA | $1,695 |
| Brentwood Apartments | Premier Line | 1BR,1BA | $1,695 |
Best Value Apartments for Rent in Franklin Park, IL
As of June 22, 2026 the best value apartment in the Franklin Park area is the $1.83 price per square foot 8306 Grand Ave Model at 8306 Grand Ave, Unit 2S in the in the Dunning neighborhood starting from $2,200. The second greatest value Franklin Park apartment is the 1B/1B w/Dining or Home Office Model at A&K Luxury Apartments starting at $2,100 with a $2.03 price per square foot in the Metra-Bensenville Station 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. |
|---|---|---|---|
| 8306 Grand Ave, Unit 2S | 8306 Grand Ave | 2BR,1.5BA | $1.83 |
| A&K Luxury Apartments | 1B/1B w/Dining or Home Office | 1BR,1BA | $2.03 |
| The Bennington | Ten 30 Split | 2BR,2BA | $1.85 |
| Linden Towers *Washer & Dryer in Apartment* | Two Bedroom #705 | 2BR,2BA | $1.83 |
| 1045 David Dr, Unit 2W | 1045 David Dr | 2BR,1BA | $1.70 |
| 1617 N 35th Ave, Unit G | 1617 N 35th Ave | 2BR,1BA | $1.68 |
| Brentwood Apartments | Luxury Line | 1BR,1BA | $2.02 |
| 9565 Franklin Ave | New Gut Rehab 1Bed 1Bath | 1BR,1BA | $1.87 |
| Brook Forest Apartments | 1 Bedroom | 1BR,1BA | $1.91 |
| 3106 Calwagner St, Unit 2 | 3106 Calwagner St | 1BR,1BA | $1.87 |
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 $1,980.
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 $1,743 at The Bennington.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.