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Frankfort, IL House for Rent

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    $2,800 Per Month

    • 3 Beds
    • 2 Baths
    • 1,350 Sq Ft
    • House for Rent

    8365 W Lincoln Hwy, Frankfort, IL 60423

    Come see this recently updated 3 bedroom, 2 full bath farmhouse situated on a private 1-acre lot in Frankfort. This charming home underwent a complete renovation in 2026, offering tenants the perfect blend of modern updates and country-style living. Inside, you'll find spacious living areas, updated finishes throughout, and a functional layout designed for comfortable everyday living. The primary

    Michael Kelly Crosstown Realtors Inc

    8365 W Lincoln Hwy, Frankfort, IL 60423

Frequently Asked Questions

How much does it cost to rent a single-family home in Frankfort, IL?
The median rent for a single-family home in Frankfort, IL is $2,625 per month, though prices vary by neighborhood, size, and property type. As of May 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 $100,000 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 $2,500 per month in Frankfort, IL, renters typically need to show $7,500 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 16.7, 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 in Frankfort, IL

Rental Home Trends

Number of Houses for Rent
1
Median Single Family Home Rent
$2,625
Median 3 Bedroom Single Family Home Rent
$2,700
Median 4 Bedroom Single Family Home Rent
$3,225
How to Rent a Home