close
View Me
Cheap Apartments for Rent in Frankfort, IL from $700 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Frankfort.
close
View Me
from $975Studio to 3 Bedroom Apartments Available Now
Linden Park Apartments
316 W 34th StSteger, IL 60475
close
View Me
from $9951 to 3 Bedroom Apartments Contact Us For Availability
Thornwood Apartments
19440-19460 Glenwood RdChicago Heights, IL 60411
close
View Me
from $1,0252 Bedroom Apartments Available Now
Carriage Creek Apartments
22501 Butterfield DrRichton Park, IL 60471
close
View Me
from $1,1001 to 2 Bedroom Apartments Available Now
Richton Trail
4522 Heartland DrRichton Park, IL 60471
close
View Me
from $1,115Studio to 3 Bedroom Apartments Available Jun 14
Edenbridge Apartments
18134 S 66th CtTinley Park, IL 60477
close
View Me
from $1,1791 to 3 Bedroom Apartments Available Now
Central Park Apartments & Townhomes
11 Fir StPark Forest, IL 60466
close
View Me
from $1,1881 to 3 Bedroom Apartments Available Now
Arbors at Hickory Creek
4791 Hickory Creek DrUniversity Park, IL 60484
close
View Me
from $1,2011 to 3 Bedroom Apartments Available Now
Olympic Village Apartments
31 Olympic VlgChicago Heights, IL 60411
close
View Me
from $1,2401 to 2 Bedroom Apartments Available May 26
Edgewater Walk Apartments
16703 Lakewood DrTinley Park, IL 60477
close
View Me
from $1,2651 to 2 Bedroom Apartments Contact Us For Availability
Towers of Edgewater
5880-5940 Lake Bluff DrTinley Park, IL 60477
close
View Me
from $1,2701 to 3 Bedroom Apartments Available Now
Maple Leaf Apartments
759 Burr Oak LnUniversity Park, IL 60484
close
View Me
from $1,2901 to 3 Bedroom Apartments Available Now
Oakwood Townhomes
3324 Western AvePark Forest, IL 60466
close
View Me
close
View Me
close
View Me
Showing Results 1-16, 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 | $1,520 | $750 | $1,790 |
| Frankfort 1 Bedroom Apartments | $1,640 | $825 | $4,273 |
| Frankfort 2 Bedroom Apartments | $2,182 | $1,025 | $4,912 |
| Frankfort 3 Bedroom Apartments | $2,633 | $1,388 | $6,309 |
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. Linden Park Apartments in the Lincoln Station neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $975. 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 |
| Linden Park Apartments | Studio A | Studio,1BA | $975 |
| Carriage Creek Apartments | 2 bedroom | 2BR,1BA | $1,025 |
| Central Park Apartments & Townhomes | 1 Bed 1 Bath A | 1BR,1BA | $1,179 |
| Arbors at Hickory Creek | Aspen | 1BR,1BA | $1,188 |
Best Value Apartments for Rent in Frankfort, IL and Nearby
As of April 07, 2025 the best value apartment in the Frankfort area is the $1.75 price per square foot 19632 Wolf Rd Model at 19632 Wolf Rd, Unit Single family in the in the Pheasant Chase neighborhood starting from $1,750. 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. |
|---|---|---|---|
| 19632 Wolf Rd, Unit Single family | 19632 Wolf Rd | 2BR,1BA | $1.75 |
| Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1.26 |
| Manchester Court Apartments | 2BR/1BA | 2BR,1BA | $1.45 |
| 7448 Sycamore Ct | One Bed s | 1BR,1BA | $1.55 |
| Maple Leaf Apartments | Garden Upgraded | 1BR,1BA | $1.70 |
| Richton Trail | 2 Beds, 1 bath | 2BR,1BA | $1.62 |
| Arbors at Hickory Creek | Aspen | 1BR,1BA | $1.49 |
| Central Park Apartments & Townhomes | 1 Bed 1 Bath A W/D | 1BR,1BA | $1.74 |
| Olympic Village Apartments | The Pine | 1BR,1BA | $1.74 |
| Crest Apartments | Studio | Studio ,1BA | $1.67 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Frankfort area?
If you’re an expert on all things Frankfort, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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
What is the Cheapest Studio apartment in Frankfort?
Currently the most affordable Cheap Studio Apartment in Frankfort is at Crest Apartments listed at $750.
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.
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.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.