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 June 2026, the average rent in Frankfort, IL is $2,720 per month, which is 39% higher than the national average rent of $1,951 per month.
AVERAGE RENT
$2,720
18.3%$420 increase month-over-month
13.3%$320 increase year-over-year
AVAILABLE RENTALS
8
APARTMENTS
HOUSES
TOWNHOUSES
As of June 2026, townhomes are the most affordable rental option in Frankfort, IL at $1,790 per month, while houses are the most expensive at $2,800 per month. Apartments average $1,850 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,720 |
| 4 Bedrooms | $6,500 |
| All | $2,720 |
As of June 2026, the average rent for a 1 bedroom rental in Frankfort, IL is $1,500 per month, followed by $1,600 for a 2 bedroom rental, $2,720 for a 3 bedroom rental, and $6,500 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,790 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,790 |
As of June 2026, the average rent for a 2 bedroom townhome in Frankfort, IL is $1,790 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $2,200 |
| 4 Bedrooms | — |
| All | $2,200 |
As of June 2026, the average rent for a 3 bedroom apartment in Frankfort, IL is $2,200 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $2,720 |
| 4 Bedrooms | $6,500 |
| All | $2,800 |
As of June 2026, the average rent for a 3 bedroom house in Frankfort, IL is $2,720 per month, followed by $6,500 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -21% compared to the previous year, which is a $500 decrease.
This year (2026)
Last year (2025)
Rent distribution
33% of rentals have rent of $2,200-$2,999/month
Rental price range
The price range for rentals is $1,600 to $6,500.
