Franklin Park, IL Condos for Rent

/2
$1,400

Total Monthly Price
- 1 Bed
- 1 Bath
- 750 Sq Ft
- Condo for Rent
3106 Calwagner St Unit 2, Franklin Park, IL 60131

Completely remodeled 1 bedroom unit in downtown Franklin Park. This is a top floor unit. Location is near the metra. The kitchen has newer granite counters, and newer maple cabinets. All hardwood has been refinished. Laundry in basement. Rent includes all utilities except electric. Must have good credit. *Units rent quickly* Available July 1st Please call for tour or any questions. Do not

3106 Calwagner St Unit 2, Franklin Park, IL 60131
Explore Franklin Park
/4
$1,350 Per Month
- 1 Bed
- 1 Bath
- Franklin Park Apartments!
3112 Calwagner St Unit 3112-2W, Franklin Park, IL 60131

Welcome home to this spacious and well-maintained apartment in the heart of Franklin Park! Enjoy the convenience of suburban living with easy access to O'Hare International Airport, downtown Chicago, major expressways, and public transportation.Franklin Park offers a variety of local restaurants, shopping, parks, and everyday conveniences just minutes from your doorstep. Grab breakfast at

3112 Calwagner St Unit 3112-2W, Franklin Park, IL 60131

Illinois Cook County Franklin Park

Frequently Asked Questions

How much does it cost to rent a condo in Franklin Park, IL?

The median rent for a condo in Franklin Park, IL is $1,350 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.

How much do you need to make to afford rent in Franklin Park, IL?

To comfortably afford the median rent in Franklin Park, IL, a household needs to earn roughly $56,000 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 $1,400 per month in Franklin Park, IL, renters typically need to show $4,200 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 Franklin Park, IL?

In Franklin Park, IL, the price-to-rent ratio is 20.9, 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 Franklin Park, IL are best for renting a condo?

The best neighborhood for renting in Franklin Park, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Belmont Terrace, O'Hare, Norwood Park, Austin and Montclare, each with its own character and price range.

Condo Rental Trends in Franklin Park, IL

There are currently 2 condos available for rent in Franklin Park, IL. The median rent is $1,350 per month, with 1-bedroom condos renting at $1,350 and 3-bedroom condos at $2,000.

Rental Home Trends

Number of Condos for Rent 2	Median Condo Rent $1,350
Median 1 Bedroom Condo Rent $1,350	Median 3 Bedroom Condo Rent $2,000

How to Rent a Home

Rentals in Franklin Park

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