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Viewing 1 of 1 rentals in Frankfort
What to Know About
Life in Frankfort & Beyond
Frankfort shares many of the great qualities that make Illinois a desirable place to live.
Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.
Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.
With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.
Rental Market Trends
Frankfort, IL
As of June 2025, Frankfort's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Frankfort's average rent is 8.3% ($141) higher than the Illinois average of $1,703 and 3.4% ($60) higher than the U.S. average of $1,784.
Average Rent
$1,844
Monthly ChangeMonth Over Month Change
28.2% ($723)
Yearly ChangeYear Over Year Change
28.2% ($723)
Avg. Days on MarketAverage Days on Market
31
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,476 | 17.8% ($320) | 17.8% ($320) |
| 2 Beds | $1,896 | 18% ($417) | 18% ($417) |
| 3 Beds | $2,132 | 18% ($468) | 18% ($468) |
| Nearby Cities | Average Rent | Avg. Rent vs. FrankfortAverage Rent vs. Frankfort | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Mokena | $2,369 | 28.5% ($525) | 34 days |
| Matteson | $2,377 | 28.9% ($533) | 27 days |
| Tinley Park | $1,628 | 11.7% ($216) | 25 days |
| New Lenox | $2,062 | 11.8% ($218) | 32 days |
| Park Forest | $1,457 | 21% ($387) | 29 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Frankfort Rental Market FAQs
Explore rental prices, market trends, and availability in Frankfort, IL.
The average rent in Frankfort, IL is $1,844 per month.
Homes in Frankfort typically rent for between $1,033 and $2,772 per month, with an average of $1,844 per month.
In Frankfort, the average rent for a 1-bedroom home is $1,476 per month, for a 2-bedroom home, $1,896 per month, and a 3-bedroom home is $2,132 per month.
The average rent in Frankfort is 3.4% ($60) higher than the national average of $1,784 per month.
The average rent in Frankfort has decreased by 28.2% ($723) in the last month and decreased by 28.2% ($723) over the past year.
The rental market in Frankfort, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Frankfort, IL, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Frankfort, IL.
Based on the current averages, a household would need an annual income of $75,840 to comfortably afford a 2-bedroom home in Frankfort.
