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Franklin Park, IL Condos for Rent

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  • 3106 Calwagner St Unit 2, Franklin Park, IL 60131
    3106 Calwagner St Unit 2, Franklin Park, IL 60131
    /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 now May 17th Please call for tour or any questions. Do

    3106 Calwagner St Unit 2, Franklin Park, IL 60131
  • 3126 Elder Ln Unit 2, Franklin Park, IL 60131
    3126 Elder Ln Unit 2, Franklin Park, IL 60131
    3126 Elder Ln Unit 2, Franklin Park, IL 60131
    /16

    $2,100 Per Month

    • 3 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Condo for Rent

    3126 Elder Ln Unit 2, Franklin Park, IL 60131

    Bright and spacious second-floor apartment featuring 3 bedrooms and 1 bathroom in a convenient location. This unit offers plenty of natural light and the privacy of no neighbors above. Gas and water are included in the rent. Enjoy access to a shared backyard, perfect for relaxing outdoors. Garage parking is not included. Conveniently located near to Grand Avenue, with easy access to shopping,

    Ana Spadavecchia Coldwell Banker Realty

    3126 Elder Ln Unit 2, Franklin Park, IL 60131
  • 3723 Ruby St, Schiller Park, IL 60176
    3723 Ruby St, Schiller Park, IL 60176
    3723 Ruby St, Schiller Park, IL 60176
    /6

    $1,200 Per Month

    • Studio
    • 1 Bath
    • 400 Sq Ft
    • Studio with Parking Included Available Furnished Close to Transportation

    3723 Ruby St, Schiller Park, IL 60176

    Well maintained studio apartment in Schiller Park. Features 1 bathroom and is conveniently located near transportation options, making it easy to get around the city. With a designated parking spot, you'll never have to worry about finding a place to park. Enjoy the peaceful courtyard view from your window. This apartment is also available furnished, making move-in a breeze. Don't miss out on

    3723 Ruby St, Schiller Park, IL 60176
Illinois Cook County Franklin Park

Condos for Rent in Franklin Park, IL

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 $1,700 per month, though prices vary by neighborhood, size, and property type. As of May 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 $74,000 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 $1,850 per month in Franklin Park, IL, renters typically need to show $5,550 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 15.7, 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.
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, Montclare and Jefferson Park, each with its own character and price range.

Rental Home Trends in Franklin Park, IL

There are currently 3 condos available for rent in Franklin Park, IL. The median rent is $1,700 per month, with 1-bedroom condos renting at $1,325 and 3-bedroom condos at $2,050.

Rental Home Trends

Number of Condos for Rent
3
Median Condo Rent
$1,700
Median 1 Bedroom Condo Rent
$1,325
Median 3 Bedroom Condo Rent
$2,050
How to Rent a Home

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