4

Frankfort, IL Homes for Rent

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  • /15

    $2,900 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,275 Sq Ft
    • House for Rent

    20823 S Acorn Ridge Dr, Frankfort, IL 60423

    Welcome to this well-maintained 3-bedroom, 1.1-bath rental located in highly regarded School District 210. The interior has been freshly painted and features brand-new carpeting throughout, creating a clean and move-in-ready feel. The home offers three comfortable bedrooms along with a full bathroom and convenient half bath. Outside, enjoy a large backyard with plenty of room to relax or

    Danielle Moy @properties Christie?s International Real Estate

    20823 S Acorn Ridge Dr, Frankfort, IL 60423
  • /24

    $1,700 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    448 Lincoln Ln Unit 2S, Frankfort, IL 60423

    Welcome to 448 Lincoln Ln Unit 2S, Frankfort, IL 60423, a bright and inviting 2-bedroom, 1-bath apartment offering comfortable living with plenty of natural light. The home features large windows, hardwood and carpet flooring, ceiling fans, and generous closet space. The kitchen comes equipped with a stove/oven and refrigerator, while additional conveniences include window air conditioning,

    448 Lincoln Ln Unit 2S, Frankfort, IL 60423
  • /19

    $3,000 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,572 Sq Ft
    • House for Rent

    19665 S Arran Dr, Frankfort, IL 60423

    Beautiful 3-bedroom, 2.1-bath home in Frankfort situated on a large corner lot directly across from a neighborhood park. The main level features new vinyl flooring, an L-shaped living and dining room, and a spacious family room with a cathedral ceiling and gas fireplace. The kitchen offers granite countertops, stainless steel appliances, and abundant cabinet space. Large primary bedroom includes

    Melanie McClusky Keller Williams Preferred Rlty

    19665 S Arran Dr, Frankfort, IL 60423
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    $3,150 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,250 Sq Ft
    • House for Rent

    8161 W Orchard Dr, Frankfort, IL 60423

    Welcome to this beautifully renovated three-bedroom, one-and-a-half-bath split-level home, where modern updates meet comfortable everyday living. Step inside to discover attractive laminate flooring and bright, welcoming spaces throughout. The stunning kitchen features crisp white cabinetry, modern finishes, and plenty of space for preparing meals and entertaining. A formal living room and dining

    Beata Krasowski eXp Realty

    8161 W Orchard Dr, 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 $2,950 per month, though prices vary by neighborhood, size, and property type. As of September 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 $118,000 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 $2,950 per month in Frankfort, IL, renters typically need to show $8,850 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 14.0, 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.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$2,950
Median Single Family Home Rent
$2,800
Median Townhouse Rent
$1,650
Median Condo Rent
$1,900
How to Rent a Home