What's the average rent in Frankfort, IL?
Rental Market Trends in Frankfort, IL
Choose another city
SOURCE: TRULIA DATA
Rental market highlights
As of August 2026, the average rent in Frankfort, IL is $2,975 per month, which is 51% higher than the national average rent of $1,965 per month.
AVERAGE RENT
$2,975
-11.2%-$375 decrease month-over-month
44.9%$922 increase year-over-year
AVAILABLE RENTALS
11
APARTMENTS
HOUSES
TOWNHOUSES
As of August 2026, apartments are the most affordable rental option in Frankfort, IL at $1,742 per month, while houses are the most expensive at $4,095 per month. Townhomes average $2,000 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,749 |
| 3 Bedrooms | $3,300 |
| 4 Bedrooms | $4,225 |
| All | $2,975 |
As of August 2026, the average rent for a 2 bedroom rental in Frankfort, IL is $1,749 per month, followed by $3,300 for a 3 bedroom rental, and $4,225 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $2,000 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $2,000 |
As of August 2026, the average rent for a 2 bedroom townhome in Frankfort, IL is $2,000 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,783 |
| 3 Bedrooms | $2,975 |
| 4 Bedrooms | $4,225 |
| All | $1,783 |
As of August 2026, the average rent for a 2 bedroom apartment in Frankfort, IL is $1,783 per month, followed by $2,975 for a 3 bedroom apartment, and $4,225 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $3,300 |
| 4 Bedrooms | $6,500 |
| All | $4,095 |
As of August 2026, the average rent for a 3 bedroom house in Frankfort, IL is $3,300 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 increased by +61% compared to the previous year, which is a +$1,255 increase.
This year (2026)
Last year (2025)
Rent distribution
38% of rentals have rent of $1,500-$2,199/month
Rental price range
The price range for rentals is $1,695 to $6,500.
