Cheap Homes for Rent in Franklin Park, IL from $1,100 (17 Rentals)

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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

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Franklin Park, IL Local Guide

Cheapest Available Franklin Park Apartments for Rent

 

The cheapest available apartment rental in Franklin Park, IL is a 1 Bed unit found at 8519 West Grand Avenue in the Irving Woods neighborhood priced from $1,175. Liberty Village in the Elmhurst City Centre neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,302. Here is today’s list of the most affordable Franklin Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
8519 West Grand Avenue1BR/1.0BA1BR,1BA$1,175
Liberty Village1 Bed, 1 bath1BR,1BA$1,302
Brook Forest Apartments1 Bedroom1BR,1BA$1,350
The BenningtonSeven 701BR,1BA$1,571
Brentwood ApartmentsPremier Line1BR,1BA$1,595

Best Value Apartments for Rent in Franklin Park, IL

As of April 07, 2025 the best value apartment in the Franklin Park area is the $1.60 price per square foot 7735 W Addison St Model at 7735 W Addison St, Unit 2 in the in the Dunning neighborhood starting from $2,400. The second greatest value Franklin Park apartment is the 8306 Grand Ave Model at 8306 Grand Ave, Unit 1S starting at $2,220 with a $1.85 price per square foot in the Dunning neighborhood. Here is today’s list of the best values for Franklin Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7735 W Addison St, Unit 27735 W Addison St3BR,1.5BA$1.60
8306 Grand Ave, Unit 1S8306 Grand Ave2BR,1.5BA$1.85
4032 Wesley Ter, Unit 14032 Wesley Ter2BR,1BA$1.82
A&K Luxury Apartments1B/1B w/Dining or Home Office1BR,1BA$1.86
Linden Towers *Washer & Dryer in Apartment*Two Bedroom #6042BR,2BA$1.85
Brentwood ApartmentsLuxury Line1BR,1BA$1.90
Elmhurst Place ApartmentsThe Addison1BR,1BA$2.12
The BenningtonSeven 701BR,1BA$2.04
Brook Forest Apartments1 Bedroom1BR,1BA$1.80
8519 West Grand Avenue1BR/1.0BA1BR,1BA$1.96

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Frequently Asked Questions about Franklin Park

What type of rentals are currently available in Franklin Park?

There are currently 762 Apartments for Rent in Franklin Park, IL with pricing that ranges from $865 to $6,648. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin Park ranging from $1,195 to $5,000.

What is the current price range for Rental Homes in Franklin Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin Park ranges from $1,195 to $5,000 with an average monthly rent of $2,436.

How much are larger Three and Four Bedroom Rentals in Franklin Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin Park range from $1,950 to $6,085, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,655 and Four Bedroom Apartments start at $2,849.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

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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.

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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.

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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.