Median Age
44 Years
Largest Age Group
10-19 Years
Approximately 15% of Residents
Under 20
25%
Over 65
20%
Frankfort
Frankfort, IL Area Guide
Avg Rent
$1,086
Population
22,011
Renter Mix
6% Rent
This quaint Illinois suburb will exceed your expectations
Suburban
•
Community
•
Events
•
Restaurants
•
Vibrant
•
Outdoors
•
Bicycle-Friendly
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With charming shops and an overall pleasant atmosphere, Frankfort is one of the most celebrated villages on the outskirts of Chicago. Located along U.S. Highway 30 near the Hickory Creek Preserve, Frankfort provides a charming setting that’s become one of the top-rated places to live in Will County. Great schools like Lincoln-Way East High School and Hickory Creek Middle make Frankfort popular among families, but all renters can enjoy the buzzing downtown area with its boutiques, restaurants, and lively green space that hosts events and activities like movie screenings and farmers’ markets all year round.
It’s easy to stay active in Frankfort thanks to the Old Plank Trail, a walking and biking path that starts near Breidert Green Park and connects to other villages. There are plenty of job opportunities in Frankfort for both teens and adults thanks to all of the businesses in the immediate and surrounding area. Looking to head into the big city, Interstate 57 makes it easy.
Demographics
Median Household Income
$138,630
Average: $166,351
Education
8,972
Residents Have a Degree
Job Market
11,855
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Frankfort has more homeowners than renters.
Renters
6%
Non-Renters
94%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
37%
Other Education
63%
Rent Trends
As of April 2026, the average apartment rent in Frankfort, IL is $1,086 for one bedroom, and $2,041 for two bedrooms. Apartment rent in Frankfort has increased by 1.5% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,086/month
0 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Frankfort, IL is for everyday living.
Somewhat Walkable
Walkability
30
/ 100
Exceptionally Drivable
Drivability
100
/ 100
Fairly Bikeable
Bikeability
40
/ 100
Scores provided by
Schools
Public
Grades K-5
882 Students
Public
Grades PK-5
644 Students
Indian Trail Elementary School
Public
Grades K-5
326 Students
Frankfort Square Elementary School
Public
Grades K-5
175 Students
Public
Grades K-5
185 Students
Public
Grades 6-8
910 Students
Summit Hill Junior High School
Public
Grades 6-8
640 Students
Public
Grades 9-12
2,749 Students
Public
Grades 9-12
1,729 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- KidsWork Children's Museum
- Hickory Creek Preserve - LaPorte Road Access
- Hickory Creek Junction
- Hickory Creek Barrens
- Bartel Grassland Nature Preserve
Airports
- Chicago Midway International
- Chicago O'Hare International
Top Apartments in Frankfort
Houses for Rent in Frankfort
Search Nearby Rentals
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.