Last updated on October 28, 2026

Average rent in
Frankfort, IL

Median rent

Median rent in Frankfort

$1,800/mo

decreased by16%

vs previous year

The average rent in Frankfort is $1,800 per month as of October 2026. This is 5% below the national average rent, or $100 less per month.

$1.59

average price per square foot

Total rentals

Available rentals in Frankfort

20

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Frankfort rentals at each price point

45%34%23%11%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Frankfort, IL

Average rent prices in Frankfort have remained the same over the last month and have decreased by 16% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Frankfort, IL

Rent prices in Frankfort vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Frankfort is $1,500, whereas a house costs $2,771. 1-bedroom apartments in Frankfort run $1,225 on average, while 2-bedroom apartments are $1,500.

Listings

Studio

$1,000

-

-

1 bedroom

$1,230

No Change

3%

2 bedroom

$1,620

6%

11%

3 bedroom

$2,200

4%

17%

4 bedroom

$3,011

10%

56%

Studio

Average rent

$1,000

1 bedroom

Average rent

$1,230

Last year

3%

2 bedroom

Average rent

$1,620

Last 30 days

6%

Last year

11%

3 bedroom

Average rent

$2,200

Last 30 days

4%

Last year

17%

4 bedroom

Average rent

$3,011

Last 30 days

10%

Last year

56%

The table above reflects average rent prices in Frankfort, IL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Frankfort, IL compare to other cities?

Compare median rent prices in Frankfort and Burr Ridge by all bedroom counts and property types.

Frankfort

Median rent price$1,800
decreased by5%

lower than the national median

Median rent price$2,550
increased by34%

higher than the national median

Takeaway

The median rent for all rentals in Frankfort, IL is 29% lower than the median rent in Burr Ridge, IL.

Discover rentals in Frankfort, IL

20203 S Fairwood Ct #D - Photo 1 of 1

5d+ ago

Condo for rent in Frankfort

Residential Lease, Frankfort, IL

20203 S Fairwood Ct #D, Frankfort, IL 60423

3 beds

1 bath

$2,400

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
20032 S Sycamore Dr - Photo 1 of 1

4d ago

House for rent in Frankfort

Residential Lease, Frankfort, IL

20032 S Sycamore Dr, Frankfort, IL 60423

5 beds

3 baths

$3,695

Price dropped $200Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Frankfort, IL

Quick answers to common questions about the Frankfort rental market.

How much is rent in Frankfort?

The average rent in Frankfort is $1,800 per month as of October 24, 2026.

Is rent up or down in Frankfort?

Average rent prices in Frankfort have remained the same over the last month and have decreased by 16% since last year.

How does Frankfort rent compare to the national average?

Rent in Frankfort is 5% below the national average, which means renters are paying approximately $100 less per month.

What salary do I need to afford rent in Frankfort?

To comfortably afford rent in Frankfort, you'd need to earn approximately $72,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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