What's the average rent in Frankfort, IL?
Rental Market Trends in Frankfort, IL
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SOURCE: TRULIA DATA
Rental market highlights
As of September 2026, the average rent in Frankfort, IL is $2,295 per month, which is 18% higher than the national average rent of $1,948 per month.
AVERAGE RENT
$2,295
-28.3%-$905 decrease month-over-month
-28.0%-$894 decrease year-over-year
AVAILABLE RENTALS
6
APARTMENTS
HOUSES
TOWNHOUSES
As of September 2026, townhomes are the most affordable rental option in Frankfort, IL at $2,295 per month, while houses are the most expensive at $6,000 per month. Apartments average $2,713 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $3,150 |
| 4 Bedrooms | $3,725 |
| All | $2,295 |
As of September 2026, the average rent for a 2 bedroom rental in Frankfort, IL is $1,700 per month, followed by $3,150 for a 3 bedroom rental, and $3,725 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $2,295 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $2,295 |
As of September 2026, the average rent for a 2 bedroom townhome in Frankfort, IL is $2,295 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,695 |
| 3 Bedrooms | — |
| 4 Bedrooms | $3,725 |
| All | $3,725 |
As of September 2026, the average rent for a 2 bedroom apartment in Frankfort, IL is $1,695 per month, followed by $3,725 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $3,150 |
| 4 Bedrooms | $6,000 |
| All | $6,000 |
As of September 2026, the average rent for a 3 bedroom house in Frankfort, IL is $3,150 per month, followed by $6,000 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +26% compared to the previous year, which is a +$843 increase.
This year (2026)
Last year (2025)
Rent distribution
50% of rentals have rent of $1,500-$2,199/month
Rental price range
The price range for rentals is $1,695 to $6,000.
