Frankfort, IL rental market
Last updated August 29, 2025
Rental market summary
The average rent for all bedrooms and all property types in Frankfort, IL is $2,895.
$2,895
+$850
+$695
10
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,495 to $5,890.
| Rent price | Number of rental properties |
|---|---|
| $1,400 | 1 |
| $1,700 | 2 |
| $1,800 | 1 |
| $2,200 | 1 |
| $2,300 | 1 |
| $2,800 | 1 |
| $3,200 | 2 |
| $3,400 | 1 |
| $4,200 | 1 |
| $5,000+ | 1 |
Average rent price over time
In the last year, rent has increased by $695 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $2,400 | $2,450 |
| Feb | $2,645 | $2,165 |
| Mar | $2,150 | $2,500 |
| Apr | $2,300 | $1,490 |
| May | $2,260 | $1,995 |
| Jun | $1,900 | $2,400 |
| Jul | $1,950 | $2,400 |
| Aug | $2,490 | $2,045 |
| Sep | $2,500 | No data |
| Oct | $2,780 | No data |
| Nov | $2,655 | No data |
| Dec | $2,595 | No data |
Market temperature
The Frankfort, IL rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Frankfort, IL is 38% higher than the national average.
$2,895
$2,100
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Frequently asked questions
1. What is the average rent in Frankfort, IL?
The average rent in Frankfort, IL is $2,895.
2. How much does it cost to rent a house in Frankfort, IL?
Houses in Frankfort, IL rent between $1,495 - $5,890 with an average rent of $2,895.
3. How has the rent in Frankfort, IL changed in the last year?
In the last year, the rent in Frankfort, IL increased by $695
4. How much has the rent in Frankfort, IL increased/decreased in the last month?
In the last month, the rent in Frankfort, IL increased by $850
5. How many available rentals are there in Frankfort, IL?
There are currently 10 rentals available in Frankfort, IL.
6. How do rent prices in Frankfort, IL compare with the national average?
The average rent in Frankfort, IL is $2,895 — 37.86% higher the national average of $2,100.