3

Frankfort, IL Homes for Rent

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  • /12

    $3,895 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,900 Sq Ft
    • House for Rent

    21453 English Dr, Frankfort, IL 60423

    Lease this home and get more from Invitation Homes professional property management. This home comes fully loaded with quality amenities, must-have services, high-end tech and ProCare® professional maintenance. Your estimated total monthly payment is $4039.90. That covers your base rent, $3895.00 + our required services designed to make your life easier: Air Filter Delivery Fee ($9.95), Internet

    21453 English Dr, Frankfort, IL 60423
  • /10

    $6,500

    Total Monthly Price

    • 4 Beds
    • 3 Baths
    • 3,170 Sq Ft
    • House for Rent

    22512 Merritton Rd, Frankfort, IL 60423

    This beautifully updated 4-bedroom+den, 2.5-bath home offers over 3,170 square feet of living space in a quiet, desirable neighborhood with convenient access to everything. The home is served by highly rated Grand Prairie Elementary, Chelsea Intermediate, Hickory Creek Middle School, and Lincoln-Way East High School, and walking distance to Hickory creek school and park.Step inside to

    22512 Merritton Rd, Frankfort, IL 60423
  • /20

    $3,500 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,980 Sq Ft
    • House for Rent

    751 Tanglewood Ln, Frankfort, IL 60423

    Beautifully maintained home in the Lincoln Way School District 210. This home will available for rent some time Mid-July to August 1st. This is a 3 bedrooms, 2.5 bath, split-level home in Frankfort. The remodeled kitchen offers a movable granite island on wheels, perfect for entertaining. The living and dining rooms feature maple inlay flooring, while the family room includes a gas fireplace. The

    Michael Glenn Village Realty, Inc.

    751 Tanglewood Ln, Frankfort, IL 60423

Why Live in Frankfort

Frankfort, Illinois, known as the “Jewel of the South Suburbs,” is a rapidly growing community located at the crossroads of U.S. Route 30 and U.S. Route 45, about 30 miles southwest of Chicago. Once a small railroad and farming town, it now has more than 20,000 residents, with many newer subdivisions sitting across from open farm fields, giving parts of the area a still-pastoral feel. The preserved historic downtown maintains consistent architecture, even in newer buildings, and is walkable with more than 50 businesses, including boutiques, salons, restaurants, coffee shops and bars. Local dining spots like Fat Rosie's Taco and Tequila Company, Francesca's Fortunato, Cultivate Community Table and Old Plank Trail Tavern are popular things to do, along with more shopping and dining along LaGrange Road (U.S. 45). Frankfort hosts major annual events such as the Frankfort Fall Festival and the Frankfort Bluegrass Festival, plus regular gatherings at Breidert Green like Fridays on the Green, Movies on the Green and Concerts on the Green. Families are served by highly rated Frankfort Community School District No. 157-C, which feeds into Lincoln-Way East High, one of Will County’s top high schools. Housing ranges from 1970s and 1980s split-level and ranch-style homes to large custom homes in subdivisions such as Butternut Creek Woods, Cardinal Lake and Stonebridge Valley. Outdoor recreation includes Prairie Park’s tallgrass prairie and pond, the 22-mile Old Plank Road Trail, and the members-only Prestwick Country Club golf course. Proximity to Interstate 80, 4 miles away, supports commuting, with Metra rail service available in neighboring Mokena and Chicago Midway International Airport just over 25 miles to the north.

Frequently Asked Questions

How much does it cost to rent a home in Frankfort, IL?
The median rent for a home in Frankfort, IL is $3,697 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Frankfort, IL?
To comfortably afford the median rent in Frankfort, IL, a household needs to earn roughly $147,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,697 per month in Frankfort, IL, renters typically need to show $11,091 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Frankfort, IL?
In Frankfort, IL, the price-to-rent ratio is 11.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Frankfort, IL are best for renting a home?
The best neighborhood for renting in Frankfort, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Matteson, Centennial, Silver Lake South and Old Matteson, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$3,697
Median Single Family Home Rent
$2,760
Median Townhouse Rent
$1,450
Median Condo Rent
$1,950
How to Rent a Home