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 November 2026, the average rent in Frankfort, IL is $2,654 per month, which is 37% higher than the national average rent of $1,932 per month.
AVERAGE RENT
$2,654
-8.5%-$246 decrease month-over-month
47.8%$859 increase year-over-year
AVAILABLE RENTALS
13
APARTMENTS
HOUSES
TOWNHOUSES
As of November 2026, apartments are the most affordable rental option in Frankfort, IL at $1,750 per month, while houses are the most expensive at $3,150 per month. Townhomes average $1,750 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,824 |
| 4 Bedrooms | $3,508 |
| All | $2,654 |
As of November 2026, the average rent for a 2 bedroom rental in Frankfort, IL is $1,750 per month, followed by $2,824 for a 3 bedroom rental, and $3,508 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,750 |
As of November 2026, the average rent for a 2 bedroom townhome in Frankfort, IL is $1,750 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,772 |
| 3 Bedrooms | $2,400 |
| 4 Bedrooms | $3,508 |
| All | $1,800 |
As of November 2026, the average rent for a 2 bedroom apartment in Frankfort, IL is $1,772 per month, followed by $2,400 for a 3 bedroom apartment, and $3,508 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $3,150 |
| 4 Bedrooms | $2,654 |
| All | $3,150 |
As of November 2026, the average rent for a 3 bedroom house in Frankfort, IL is $3,150 per month, followed by $2,654 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +4% compared to the previous year, which is a +$70 increase.
This year (2026)
Last year (2025)
Rent distribution
60% of rentals have rent of $1,500-$2,199/month
Rental price range
The price range for rentals is $1,700 to $3,695.
