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Cheap Apartments for Rent in Frankfort, IL from $700 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Frankfort.
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from $9951 to 3 Bedroom Apartments Contact Us For Availability
Thornwood Apartments
19440-19460 Glenwood RdChicago Heights, IL 60411
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from $1,0252 Bedroom Apartments Available Now
Carriage Creek Apartments
22501 Butterfield DrRichton Park, IL 60471
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from $1,1051 to 2 Bedroom Apartments Available Now
Manchester Court Apartments
14700 Central AveOak Forest, IL 60452
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from $1,1501 to 2 Bedroom Apartments Available Jul 15
Richton Trail
4522 Heartland DrRichton Park, IL 60471
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from $1,150Studio to 3 Bedroom Apartments Available Jul 14
Edenbridge Apartments
18134 S 66th CtTinley Park, IL 60477
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from $1,1791 to 3 Bedroom Apartments Available Now
Central Park Apartments & Townhomes
11 Fir StPark Forest, IL 60466
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from $1,1881 to 3 Bedroom Apartments Contact Us For Availability
Arbors at Hickory Creek
4791 Hickory Creek DrUniversity Park, IL 60484
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from $1,2011 to 3 Bedroom Apartments Available Now
Olympic Village Apartments
31 Olympic VlgChicago Heights, IL 60411
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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from $1,2401 to 2 Bedroom Apartments Available May 26
Edgewater Walk Apartments
16703 Lakewood DrTinley Park, IL 60477
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from $1,2651 to 2 Bedroom Apartments Contact Us For Availability
Towers of Edgewater
5880-5940 Lake Bluff DrTinley Park, IL 60477
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from $1,2701 to 3 Bedroom Apartments Available Now
Maple Leaf Apartments
759 Burr Oak LnUniversity Park, IL 60484
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6 Thomas Ct
Richton ParkIL60471
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Showing Results 1-17, Page 1 of 1
Frankfort, IL Local Guide
Grassy field in Illinois by Ed Summers is licensed under CC BY 2.0
How much does it cost to rent an apartment in Frankfort?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Frankfort Studio Apartments | $1,640 | $750 | $1,790 |
| Frankfort 1 Bedroom Apartments | $1,716 | $825 | $4,301 |
| Frankfort 2 Bedroom Apartments | $2,188 | $1,025 | $5,016 |
| Frankfort 3 Bedroom Apartments | $2,542 | $1,388 | $6,734 |
| Frankfort 4 Bedroom Apartments | $3,995 | $3,995 | $3,995 |
Browse Top Apartments in Frankfort
See all Apartments in FrankfortExplore Frankfort
Frankfort, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Frankfort Apartments for Rent and Nearby
The cheapest available apartment rental in Frankfort, IL is a Studio unit found at Crest Apartments in the Downtown Park Forest neighborhood priced from $750. Carriage Creek Apartments in the Lincoln Station neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,025. Here is today’s list of the most affordable Frankfort apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crest Apartments | Studio | Studio,1BA | $750 |
| Carriage Creek Apartments | 2 bedroom | 2BR,1BA | $1,025 |
| Manchester Court Apartments | 1 BR/ 1 BA | 1BR,1BA | $1,105 |
| Central Park Apartments & Townhomes | 1 Bed 1 Bath A | 1BR,1BA | $1,179 |
| Olympic Village Apartments | The Spruce | 1BR,1BA | $1,201 |
Best Value Apartments for Rent in Frankfort, IL and Nearby
As of April 27, 2025 the best value apartment in the Frankfort area is the $1.14 price per square foot 2 Bedroom Model at Oakwood Townhomes in the in the Indian Hill neighborhood starting from $1,510. The second greatest value Frankfort apartment is the 1 bedroom Model at Carriage Creek Apartments starting at $1,250 with a $1.26 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for Frankfort apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oakwood Townhomes | 2 Bedroom | 2BR,1BA | $1.14 |
| Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1.26 |
| Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.75 |
| 7448 Sycamore Ct | One Bed s | 1BR,1BA | $1.55 |
| Maple Leaf Apartments | Garden Upgraded | 1BR,1BA | $1.70 |
| Westbridge Apartments | 1 Bed 1 Bath B Renovated | 1BR,1BA | $1.71 |
| Central Park Apartments & Townhomes | 1 Bed 1 Bath A W/D | 1BR,1BA | $1.74 |
| Olympic Village Apartments | The Pine | 1BR,1BA | $1.74 |
| Manchester Court Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.70 |
| Crest Apartments | Studio | Studio ,1BA | $1.67 |
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Best Local Schools in Frankfort, IL
Chelsea Elementary School
Frankfort Central Consolidated School District 157c
Public School - Grades 3-5 (882)
10 out of 10
Lincoln-Way East High School
Lincoln Way Chsd 210 School District
Public School - Grades 9-12 (2749)
10 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Frankfort, IL Rentals by Map
See the most popular apartments and homes in Frankfort, IL
Frankfort, IL Apartments MapFrankfort, IL Rental Homes MapGetting Around Frankfort, IL
Walk Score®
28 / 100
Car-Dependent
Most errands require a car
Bike Score®
41 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Frankfort Apartments
How much is rent for a Cheap One Bedroom Frankfort Apartment?
The lowest price for a Cheap One Bedroom Frankfort Apartment is $825 at Crest Apartments.
What is the lowest price for a Cheap Two Bedroom Frankfort Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Frankfort is starting from $1,025 at Carriage Creek Apartments.
What is the most affordable Frankfort Three Bedroom Apartment?
The best deal on a cheap Frankfort Three Bedroom Apartment rental is at Olympic Village Apartments and starts from $1,545.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.