Cheap Apartments for Rent in Franklin Park, IL from $600 (43 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
  • Smoke Free
property at 1213 34th Ave

1213 34th Ave

Melrose ParkIL60160

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.

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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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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1450 N 1st Ave
1 to 2 Bedroom Apartments

1450 N 1st Ave

1450 N 1st AveMelrose Park, IL 60160
  • Utilities Included

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!

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1123 N 33rd Ave
1 Bedroom Apartments

1123 N 33rd Ave

1123 N 33rd AveMelrose Park, IL 60160
  • Utilities Included
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37 King Arthur Ct
1 Bedroom Apartments

37 King Arthur Ct

37 King Arthur CtNorthlake, IL 60164
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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
  • Utilities Included
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8111 W Grand Ave
2 to 3 Bedroom Apartments

8111 W Grand Ave

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

8107 W Grand Ave

8107 W Grand AveRiver Grove, IL 60171
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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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Royal Arms Apartments
Studio to 1 Bedroom Apartments

Royal Arms Apartments

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

1410 N 1st Ave

1410 N 1st AveMelrose Park, IL 60160
  • 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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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

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 1 Bed unit found at 1530 N 1st Ave in the North Maywood neighborhood priced from $1,150. The Bennington in the Metra-Bensenville Station neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,273. Here is today’s list of the most affordable Franklin Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1530 N 1st Ave1BD/1BA1BR,1BA$1,150
The BenningtonFour 60Studio,1BA$1,273
Brentwood ApartmentsChicago Loft1BR,1BA$1,595
Elmhurst Place ApartmentsThe Addison1BR,1BA$1,695
Premier Luxury Apartments1 Bed - Plus1BR,1BA$1,898

Best Value Apartments for Rent in Franklin Park, IL

As of December 13, 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 2BD/2BA Model at Large 2 Bedroom Apartment with Heated Garage starting at $2,490 with a $1.78 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
Large 2 Bedroom Apartment with Heated Garage2BD/2BA2BR,2BA$1.78
3618 N Ozanam Ave, Unit 33618 N Ozanam Ave3BR,1.5BA$1.34
Premier Luxury Apartments2 Bed2BR,2BA$2.05
1619 N 35th Ave, Unit 11619 N 35th Ave3BR,1.5BA$1.75
1045 David Dr, Unit 2W1045 David Dr2BR,1BA$1.60
Linden Towers *Washer & Dryer in Apartment*Two Bedroom #8132BR,2BA$1.92
Brentwood ApartmentsLuxury Line1BR,1BA$2.02
1039 David Dr, Unit 1E1039 David Dr1BR,1BA$2.00
1530 N 1st Ave1BD/1BA1BR,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.

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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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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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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 $1,150 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 $1,522 at The Bennington.

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

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

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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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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

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.

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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

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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.

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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.