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.
As of June 2026, Frankfort's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Frankfort's average rent is 6.2% ($105) lower than the Illinois average of $1,694 and 11.6% ($208) lower than the U.S. average of $1,797.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,490 | 0.3% ($4) | 0.9% ($14) |
| 2 Beds | $1,758 | 4.5% ($83) | 7.3% ($138) |
| 3 Beds | $1,971 | 8.6% ($186) | 7.6% ($161) |
| Nearby Cities | Average Rent | Avg. Rent vs. FrankfortAverage Rent vs. Frankfort | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Matteson | $2,854 | 79.6% ($1265) | 27 days |
| Richton Park | $1,441 | 9.3% ($148) | 29 days |
| Tinley Park | $1,555 | 2.1% ($34) | 25 days |
| New Lenox | $2,239 | 40.9% ($650) | 32 days |
| Park Forest | $1,674 | 5.3% ($85) | 29 days |
Explore rental prices, market trends, and availability in Frankfort, IL.
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