
Cheap Apartments for Rent in Franklin Park, IL from $600 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin Park.


3001 N Thatcher Ave

Brook Forest Apartments

9610 Ivanhoe Ave, Unit 2

The Bennington

Fairway Green Apartments
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

KENMORE PARK, LLC
Franklin Park, IL Local Guide

How much does it cost to rent an apartment in Franklin Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Franklin Park Studio Apartments | $1,873 | $975 | $2,153 |
Cheap Franklin Park 1 Bedroom Apartments | $2,344 | $1,100 | $5,756 |
Cheap Franklin Park 2 Bedroom Apartments | $3,024 | $1,300 | $5,777 |
Cheap Franklin Park 3 Bedroom Apartments | $3,887 | $1,950 | $6,085 |
Cheap Franklin Park 4 Bedroom Apartments | $4,900 | $4,800 | $5,000 |
Browse Top Apartments in Franklin Park
See all Apartments in Franklin ParkExplore Franklin Park
Franklin Park, IL Local Guide

- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Franklin Park Apartments for Rent
 The cheapest available apartment rental in Franklin Park, IL is a 1 Bed unit found at Liberty Village Senior Apartments in the Elmhurst City Centre neighborhood priced from $1,100. Royal Arms Apartments in the Conti Circle neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here is today’s list of the most affordable Franklin Park apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Liberty Village Senior Apartments | Monroe | 1BR,1BA | $1,100 |
Royal Arms Apartments | Studio | Studio,1BA | $1,195 |
The Bennington | Seven 70 | 1BR,1BA | $1,466 |
Brentwood Apartments | Premier Line | 1BR,1BA | $1,595 |
Elmhurst Place Apartments | The Addison | 1BR,1BA | $1,695 |
Premier Luxury Apartments | 1 Bed - Jr. | 1BR,1BA | $1,750 |
Linden Towers *Washer & Dryer in Apartment* | Two Bedroom #715 - $1,000 off move in | 2BR,2BA | $1,790 |
Best Value Apartments for Rent in Franklin Park, IL
As of February 20, 2025 the best value apartment in the Franklin Park area is the $2.13 price per square foot Woodlawn Model at The Grove Luxury Townhomes in the in the Dunning neighborhood starting from $4,800. The second greatest value Franklin Park apartment is the 1045 David Dr Model at 1045 David Dr, Unit 2W starting at $1,750 with a $1.59 price per square foot . Here is today’s list of the best values for Franklin Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Grove Luxury Townhomes | Woodlawn | 4BR,3.5BA | $2.13 |
1045 David Dr, Unit 2W | 1045 David Dr | 2BR,1BA | $1.59 |
Linden Towers *Washer & Dryer in Apartment* | Two Bedroom #604 - $1,000 off move in | 2BR,2BA | $1.85 |
1040 S York Rd, Unit 1040 S YORK Bensenville | 1040 S York Rd | 2BR,1.5BA | $2.00 |
9410 Lawrence Ct, Unit 3 | 9410 Lawrence Ct | 1BR,1BA | $2.12 |
Brentwood Apartments | Luxury Line | 1BR,1BA | $1.90 |
Elmhurst Place Apartments | The Addison | 1BR,1BA | $2.12 |
The Bennington | Seven 70 | 1BR,1BA | $1.90 |
3106 Calwagner St, Unit 1A | 3106 Calwagner St | 1BR,1BA | $1.73 |
Liberty Village Senior Apartments | Monroe | 1BR,1BA | $1.82 |
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.
Franklin Park Overview
Franklin Park is an incorporated village located about 15 miles west of northern Chicago. O’Hare International Airport abuts the village’s northwestern border. A major railroad crossing and easy access to local freeways make Franklin Park and ideal industrial location. It ranks as Illinois’ fourth-largest industrial center. That helps to keep employment rates and opportunities high.
Why live in Franklin Park, IL?
Franklin Park is ideally situated to escape the confining nature of a mega-city like Chicago. Many great communities are located near Franklin Park. If you want to fly virtually anywhere or have friends flying in for a visit, O’Hare International Airport borders Franklin Park’s northwestern area. Easy access to I-294 and U.S.-95 make it much easier to commute to jobs elsewhere in the greater Chicagoland area. You get the best combination of small-town atmosphere and big city convenience, entertainment, and career options.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin Park, IL Rentals by Map
See the most popular apartments and homes in Franklin Park, IL
Getting Around Franklin Park, IL
Walk Score®
51 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
43 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
31 / 100
Some Transit
A few nearby public transportation options
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 Franklin Park Apartments
What is the Cheapest Studio apartment in Franklin Park?
Currently the most affordable Cheap Studio Apartment in Franklin Park is at Royal Arms Apartments listed at $1,195.
How much is rent for a Cheap One Bedroom Franklin Park Apartment?
The lowest price for a Cheap One Bedroom Franklin Park Apartment is $1,100 at Liberty Village Senior Apartments.
What is the lowest price for a Cheap Two Bedroom Franklin Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Franklin Park is starting from $1,622 at The Bennington.
What is the most affordable Franklin Park Three Bedroom Apartment?
The best deal on a cheap Franklin Park Three Bedroom Apartment rental is at The Grove Residences and starts from $3,200.
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.