What is the average rent of an apartment in Frankfort, IL?

The average rent of an apartment in Frankfort, IL is $1,742 per month. This is about 11% lower than the national average.

When is the average rent for an apartment cheapest in Frankfort, IL?

In the last year, the average rent in Frankfort, IL was lowest in Jan 2025 when it was $1,513 per month.

In the last year, the average rent in Frankfort, IL was highest in Sep 2025 when it was $1,898 per month.

There are 5 available apartments or condos to rent in Frankfort, IL.

Some neighborhoods in Frankfort, IL include: Frankfort Square , Prestwick .

Frankfort, IL includes zip codes such as: 60423 .

Some nearby cities include: Mokena , Matteson , Monee , Richton Park , Tinley Park . These cities may have more rental options to explore.

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APPLY INSTANTLY
$1,700/mo
2 Beds
1 Bath
975 sqft
460 Lincoln Ln #2N,
Frankfort, IL 60423
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NEW - 37 MIN AGO
$2,265/mo
2 Beds
1 Bath
1,275 sqft
61 Kaffel Ct #2W,
Frankfort, IL 60423
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$4,225/mo
4 Beds
3 Baths
3,300 sqft
61 Kaffel Ct #2S,
Frankfort, IL 60423
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PET FRIENDLY
$1,695/mo
2 Beds
1 Bath
950 sqft
20152 S Frankfort Square Rd #K,
Frankfort, IL 60423
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PET FRIENDLY
$1,800/mo
2 Beds
1 Bath
912 sqft
20206 S Frankfort Square Rd #D,
Frankfort, IL 60423
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$1,700/mo
2 Beds
1 Bath
329 N Maple St #102,
Frankfort, IL 60423
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$2,975/mo
3 Beds
2 Baths
1,700 sqft
61 Kaffel Ct #1E,
Frankfort, IL 60423
APPLY INSTANTLY
PET FRIENDLY
$1,749/mo
2 Beds
1 Bath
109 E Nebraska St #1,
Frankfort, IL 60423
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Apartments For Rent Near Frankfort, IL

Rent in Frankfort, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.

Average rent for a apartment increased in Aug 2026 compared to the previous month. Rent for apartments peaked in Sep 2025.

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In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.

	1 bed	2 beds	3 beds	4 beds	All
All home types	—	$1,700	$3,300	$4,225	$3,200
Apartments and Condos	—	$1,783	—	$4,225	$1,783
Houses	—	—	$3,300	$6,500	$3,300

What is the average rent of an apartment in Frankfort, IL?
The average rent of an apartment in Frankfort, IL is $1,742 per month. This is about 11% lower than the national average.
When is the average rent for an apartment cheapest in Frankfort, IL?
In the last year, the average rent in Frankfort, IL was lowest in Jan 2025 when it was $1,513 per month.
When is the average rent for an apartment most expensive in Frankfort, IL?
In the last year, the average rent in Frankfort, IL was highest in Sep 2025 when it was $1,898 per month.
How many apartments or condos are available to rent in Frankfort, IL?
There are 5 available apartments or condos to rent in Frankfort, IL.
What are some neighborhoods in Frankfort, IL?
Some neighborhoods in Frankfort, IL include: Frankfort Square, Prestwick.
What are some zip codes in Frankfort, IL?
Frankfort, IL includes zip codes such as: 60423.
What are some cities near Frankfort, IL?
Some nearby cities include: Mokena, Matteson, Monee, Richton Park, Tinley Park. These cities may have more rental options to explore.