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

Franklin Park, IL

As of August 2025, Franklin Park's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Franklin Park's average rent is 24.8% ($438) lower than the Illinois average of $1,766 and 25.8% ($462) lower than the U.S. average of $1,790.

Average Rent

$1,328

Monthly ChangeMonth Over Month Change

No change

Yearly ChangeYear Over Year Change

No change

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,311	No change	No change
2 Beds	$1,669	No change	No change
3 Beds	$1,944	No change	No change

Nearby Cities	Average Rent	Avg. Rent vs. Franklin ParkAverage Rent vs. Franklin Park	Avg. Days on MarketAverage Days on Market
Schiller Park	$1,498	12.8% ($170)	27 days
Melrose Park	$1,296	2.4% ($32)	24 days
River Grove	$1,442	8.6% ($114)	30 days
Bensenville	$1,923	44.8% ($595)	27 days
Elmwood Park	$1,693	27.5% ($365)	28 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Franklin Park Rental Market FAQs

Explore rental prices, market trends, and availability in Franklin Park, IL.

What is the average rent in Franklin Park, IL?

The average rent in Franklin Park, IL is $1,328 per month.

What is the rental price range for homes in Franklin Park, IL?

Homes in Franklin Park typically rent for between $918 and $2,527 per month, with an average of $1,328 per month.

What is the average rent for different bedroom sizes in Franklin Park, IL?

In Franklin Park, the average rent for a 1-bedroom home is $1,311 per month, for a 2-bedroom home, $1,669 per month, and a 3-bedroom home is $1,944 per month.

How do rent prices in Franklin Park, IL compare with the national average?

The average rent in Franklin Park is 25.8% ($462) lower than the national average of $1,790 per month.

How competitive is the rental market in Franklin Park, IL?

The rental market in Franklin Park, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Franklin Park, IL?

In Franklin Park, IL, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Franklin Park, IL?

There are currently 3 rental properties available in Franklin Park, IL.

Can I afford to rent a home in Franklin Park, IL?

Based on the current averages, a household would need an annual income of $66,760 to comfortably afford a 2-bedroom home in Franklin Park.