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Newest Homes for Rent in Franklin Park, IL

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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
  • 9801 Schiller Blvd, Franklin Park, IL 60131
    9801 Schiller Blvd, Franklin Park, IL 60131
    9801 Schiller Blvd, Franklin Park, IL 60131
    /20

    $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

    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
  • 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
  • 2604 Elm St, River Grove, IL 60171
    2604 Elm St, River Grove, IL 60171
    2604 Elm St, River Grove, IL 60171
    /23

    $2,295 Per Month

    • 2 Beds
    • 1 Bath
    • 1,058 Sq Ft
    • House for Rent

    2604 Elm St, River Grove, IL 60171

    Enjoy the charm of River Grove Village, where a welcoming neighborhood atmosphere meets exceptional convenience. Ideally located with easy access to schools, shopping, dining, downtown, and the airport, this home makes every day commuting and weekend outings a breeze. Inside, the bright east-facing living room is filled with beautiful morning sunlight through a large picture window, creating a

    2604 Elm St, River Grove, IL 60171
Illinois Cook County

Newest Homes for Rent in Franklin Park, IL

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 $1,850 per month, though prices vary by neighborhood, size, and property type. As of August 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 16.1, 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, North Maywood, O'Hare, Montclare and Galewood, 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 $1,850 per month, with single-family homes renting at $2,750 and condos at $1,575.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,850
Median Single Family Home Rent
$2,750
Median Condo Rent
$1,575
How to Rent a Home

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