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Franklin Park, IL Homes for Rent

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  • 9600 Franklin Ave, Franklin Park, IL 60131
    9600 Franklin Ave, Franklin Park, IL 60131
    9600 Franklin Ave, Franklin Park, IL 60131
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    Starting at $1,998 Per Month

    • 1 - 2 Beds

    9600 Franklin Ave, Franklin Park, IL 60131

    Be the first to live in this brand new development in the heart of Chicagoland, with some of the most luxurious and spacious units anywhere. Large power kitchens, dining room, walk-in closets, shower with body jets, facial recognition systems, touch-sensor kitchen faucets, spacious balcony, in-unit washer/dryer, high ceilings, and modern lighting are just some of the unique features Premier

    Premier Luxury Apartments

    9600 Franklin Ave, Franklin Park, IL 60131
  • 2506 Mannheim Rd, Franklin Park, IL 60131
    2506 Mannheim Rd, Franklin Park, IL 60131
    2506 Mannheim Rd, Franklin Park, IL 60131
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    Call for Price

    • 1 - 2 Beds

    2506 Mannheim Rd, Franklin Park, IL 60131

    Welcome to Leyden Senior Apartments, a brand-new affordable senior community in Franklin Park, Illinois, offering modern apartment living designed with comfort, convenience, and community in mind.Enjoy the benefits of a newly constructed home with thoughtfully designed floor plans, contemporary finishes, and inviting community spaces where residents can relax, connect, and feel at home.

    Leyden Senior Apartments

    2506 Mannheim Rd, Franklin Park, IL 60131
  • 9801 Schiller Blvd, Franklin Park, IL 60131
    9801 Schiller Blvd, Franklin Park, IL 60131
    9801 Schiller Blvd, Franklin Park, IL 60131
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    $1,900 Per Month

    • 2 Beds
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    9801 Schiller Blvd, Franklin Park, IL 60131

    Welcome to your new cozy retreat! This charming 2-bedroom condo in Franklin Park is perfect for those seeking comfort and convenience. With 700 square feet of well-designed living space, you'll find everything you need to feel right at home. Newly remodeled and renovated property is located in a quiet, family-friendly neighborhood with convenient access to everything you need. The airport is

    9801 Schiller Blvd, Franklin Park, IL 60131
  • 9630 Ivanhoe Ave Unit 2, Schiller Park, IL 60176
    9630 Ivanhoe Ave Unit 2, Schiller Park, IL 60176
    9630 Ivanhoe Ave Unit 2, Schiller Park, IL 60176
    /20

    $1,550 Per Month

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    9630 Ivanhoe Ave Unit 2, Schiller Park, IL 60176

    Valuable one bedroom, one bathroom in Schiller Park features heat, cooking gas, and water included, rehabbed kitchen with modern gray cabinets, stainless steel appliances, dishwasher, separate dining area, large living room, built in AC unit, spacious bedroom, great closet space, newer bathroom, tile flooring throughout, laundry room in building, one parking spot included, and cats are welcome.

    9630 Ivanhoe Ave Unit 2, Schiller Park, IL 60176
  • 2069 N 18th Ave, Melrose Park, IL 60160
    2069 N 18th Ave, Melrose Park, IL 60160
    2069 N 18th Ave, Melrose Park, IL 60160
    /20

    $1,895 Per Month

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Apartment for Rent

    2069 N 18th Ave, Melrose Park, IL 60160

    Sabrina Mack Avenue 1 Realty Group

    2069 N 18th Ave, Melrose Park, IL 60160
Illinois Cook County

Homes for Rent in Franklin Park, IL

Why Live in Franklin Park

Franklin Park, IL, is a suburban village located less than 5 miles south of Chicago O’Hare International Airport and approximately 20 miles from downtown Chicago. The village is well-connected with three Metra commuter rail stations and Interstate 294, making it ideal for commuters. Home to nearly 18,000 residents, Franklin Park features midcentury housing styles, including bungalows, Cape Cods, and condos, with prices generally lower than those in Chicago proper. The area is known for its quiet and safe environment, with many residents staying long-term. East Leyden High School, which collaborates with West Leyden for sports, is highly rated and serves over 1,800 students. Franklin Park’s location near major transportation routes attracts logistics companies, including Sloan Valve Company. The village offers numerous recreational options, such as 17 parks, a community center, Gouin Park’s ballfields and swimming pool, and the year-round Franklin Park Ice Arena. Dining features include Grand Stand Pizza, known for its tavern-style thin-crust pizza. Annual events like Franklin Park Fest and Winterfest provide community engagement and entertainment. Crime rates in Franklin Park are below the national average, contributing to its appeal as a safe place to live.

Learn more about living in Franklin Park

Frequently Asked Questions

How much does it cost to rent a home in Franklin Park, IL?
The median rent for a home in Franklin Park, IL is $1,625 per month, though prices vary by neighborhood, size, and property type. As of September 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 $65,000 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 $1,625 per month in Franklin Park, IL, renters typically need to show $4,875 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 18.2, 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 Franklin Park, IL are best for renting a home?
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 home include Belmont Heights, O'Hare, Montclare, Wicker Park and Schorsch Village, each with its own character and price range.

Rental Trends in Franklin Park, IL

There are currently 5 homes available for rent in Franklin Park, IL. The median rent is $1,625 per month, with single-family homes renting at $3,000 and condos at $1,350.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,625
Median Single Family Home Rent
$3,000
Median Condo Rent
$1,350
How to Rent a Home

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