Cheap Apartments for Rent in Frankfort, IL

9 rentals

Apartments For Rent Near Frankfort, IL

We found 15 more apartments matching your filters just outside Frankfort

Average Rent Trends in 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 decreased in Aug 2026 compared to the previous month. Rent previously peaked in Sep 2025.
MonthAverage rent
Sep 2025$3,249
Oct 2025$2,650
Nov 2025$1,730
Dec 2025$1,795
Jan 2026$2,700
Feb 2026$2,700
Mar 2026$2,640
Apr 2026$2,400
May 2026$1,900
Jun 2026$1,900
Jul 2026$3,350
Aug 2026$3,300
View as a graph

Average Rent By Bedroom and Home Type

In August 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types—$1,749$3,300$4,225$2,975
Townhomes—$2,000——$2,000
Apartments and Condos—$1,783$2,975$4,225$1,783
Houses——$3,300$6,500$4,095
See more information about local market trends in Frankfort, IL

Frequently Asked Questions about Rentals in Frankfort, IL

  • 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 cheapest in Frankfort, IL?
    In the last year, the average rent in Frankfort, IL was lowest in Apr 2025 when it was $1,490 per month.
  • When is the average rent most expensive in Frankfort, IL?
    In the last year, the average rent in Frankfort, IL was highest in Sep 2025 when it was $3,249 per month.
  • How many available rental listings are in Frankfort, IL?
    There are 11 available rental listings 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.
View this page in Spanish: Apartamentos baratos en renta en Frankfort, IL - 24 Rentas | Trulia