Cheap Apartments for Rent in Frankfort, IL

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Apartments For Rent Near Frankfort, IL

We found 20 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 increased in Sep 2026 compared to the previous month. Rent previously peaked in Sep 2025.
MonthAverage rent
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
Sep 2026$4,092
View as a graph

Average Rent By Bedroom and Home Type

In September 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
1 bed2 beds3 beds4 bedsAll
All home types—$1,700$3,150$3,725$2,295
Townhomes—$2,295——$2,295
Apartments and Condos—$1,695—$3,725$3,725
Houses——$3,150$6,000$6,000
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 $2,713 per month. This is about 39% higher than the national average.
  • What are the cheapest months to find an apartment to rent in Frankfort, IL?
    Last year, the cheapest month to find an apartment to rent was Apr 2025 when it was $1,490 per month.
  • How many cheap apartments are available in Frankfort, IL?
    There are 4 apartments to rent that are cheaper than the city’s average rent of $2,295.
  • 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.
  • 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 - 29 Rentas | Trulia