Frankfort is a picturesque village in Will County, just 28 miles south of Chicago.
Frankfort's homes are commonly found within subdivisions that are beautifully built around peaceful ponds.
There are a ton of local restaurants for residents to enjoy.
There's no shortage of walkable trails and parks to take in the scenery of Frankfort.
There was live music at the 12th Annual Frankfort Bluegrass Festival in North Frankfort.

Frankfort, IL Area Guide

Avg Rent

$1,090

Population

22,011

Renter Mix

6% Rent

This quaint Illinois suburb will exceed your expectations

Suburban Community Events

Frankfort has earned the nickname the "Jewel of the South Suburbs" for good reason: its preserved historic downtown feels like a small-town movie set, complete with boutique shops, cozy coffee spots, and restaurants just steps from wide green gathering spaces. Sitting about 28 miles southwest of Chicago in Will County, the village balances a pastoral feel with real suburban convenience. Neighborhoods like Butternut Creek Woods, Cardinal Lake, and Stonebridge Valley offer spacious residential settings, while the walkable downtown core draws residents in for dining, events, and farmers' markets throughout the year.

The rental landscape here leans toward single-family-style townhomes and garden-style apartment communities set within residential subdivisions. Architecture tends toward traditional Midwestern styles, and many rentals sit near open land and greenways, giving the area an open, uncrowded character.

Frankfort's population has more than doubled roughly every 20 years, yet farm fields still border many subdivisions, preserving that pastoral atmosphere. The Frankfort Fall Festival, held every Labor Day Weekend since 1968, now draws more than 250,000 visitors and 300 artisans, making it a true regional celebration. Lincoln-Way East High School serves the area and has been part of the institutional foundation fueling the village's steady growth.

Explore the City

There are a ton of local restaurants for residents to enjoy.

There's no shortage of walkable trails and parks to take in the scenery of Frankfort.

There was live music at the 12th Annual Frankfort Bluegrass Festival in North Frankfort.

The Roy and Dorothy Janssen park features a pond, gazebo and playground.

Many residents attend the Frankfort Fall Festival.

Homes in Frankfort are often quite spacious with large yards.

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.

Median Age

44 Years

Largest Age Group

10-19 Years

Approximately 15% of Residents

Under 20

25%

Over 65

20%

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 September 2026, the average apartment rent in Frankfort, IL is $1,090 for one bedroom, and $2,049 for two bedrooms. Apartment rent in Frankfort has increased by 1.5% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,090/month
0 Sq Ft
See Rental Market Trends in Frankfort, IL

Learn More About Frankfort

Getting Around

Somewhat Walkable

Walkability

30 / 100

Exceptionally Drivable

Drivability

100 / 100

Fairly Bikeable

Bikeability

40 / 100

Schools

Chelsea Elementary School

Public

Grades K-5

885 Students

Dr Julian Rogus School

Public

Grades K-5

663 Students

Indian Trail Elementary School

Public

Grades K-5

450 Students

Frankfort Square Elementary School

Public

Grades K-5

160 Students

Peotone Intermediate Center

Public

Grades K-5

143 Students

Hickory Creek Middle School

Public

Grades 6-8

940 Students

Summit Hill Junior High School

Public

Grades 6-8

559 Students

Lincoln-Way East High School

Public

Grades 9-12

2,676 Students

Lincoln-Way North High School

Public

Grades 9-12

1,729 Students

Points of Interest

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

Living in Frankfort

History

-

When the Joliet and Northern Indiana Railroad came through the township in 1855, the settlement became widely known as Frankfort Station, a name that stuck long after the tracks became a local trail. That railroad corridor now lives on as the Old Plank Road Trail, a 22-mile paved path that threads directly through town and connects neighboring villages along the same route trains once traveled.

Downtown Frankfort still reflects its origins as a railroad and farming community. The Frankfort Grainery and Breidert Green anchor the historic core, and even buildings added in recent decades blend with the older streetscape. Breidert Green hosts Fridays on the Green, Movies on the Green, and Concerts on the Green, keeping the town center as lively today as it was in its early commercial years.

Restaurants

-

Downtown Frankfort's dining scene is bustling with restaurants, coffee shops, and bars spread across more than 50 businesses in the historic core. Fat Rosie's Taco and Tequila Bar brings bold Mexican flavors to the mix, while Francesca's Fortunato delivers Italian cuisine from a well-established restaurant group. Cultivate Community Table focuses on farm-to-table cooking, and the Old Plank Trail Tavern is a cash-only local staple with deep roots in the neighborhood. Additional dining options extend along the U.S. 45 corridor north of downtown.

Transportation

-

Getting around Frankfort means relying primarily on a car. There is no public transportation within the village itself, though two Metra commuter rail stations in neighboring Mokena provide service to Chicago for those willing to drive a short distance to board. The nearest station, Hickory Creek, is about 5.6 miles away, and Mokena station is approximately 6.2 miles out.

For drivers, Interstate 80 is just four miles from the village center and is the main artery for the roughly 30-mile commute into Chicago. U.S. Highway 30 and U.S. Route 45 both run through town, giving easy access to surrounding suburbs and to Joliet to the west. The Old Plank Road Trail serves cyclists and pedestrians heading between villages, and the downtown area itself is easy to cover on foot.

Parks

-

Prairie Park, a 13-acre nature preserve right next to downtown, offers tallgrass prairie landscapes, a looped walking path, and a fishing pond, all within easy reach of the historic core. The Frankfort Park District manages 19 parks across the village, along with the Founders Community Center for indoor recreation. The Old Plank Road Trail stretches 22 miles from New Lenox to Park Forest, passing through Frankfort along the old railroad bed, making it a favorite for cycling and long walks.

For those who want to venture a bit farther, Hickory Creek Preserve is accessible within a short drive, with multiple entry points including LaPorte Road Access and Hickory Creek Junction. Bartel Grassland Nature Preserve adds another destination for open-land exploration just a few miles out.

Cost

-

Renting in Frankfort runs notably below the Illinois state average. One-bedroom apartments average around $1,088 per month, compared to the statewide average of $1,737, and two-bedroom units average around $2,045. Both figures have seen modest year-over-year increases of about 2 percent. On the for-sale side, Frankfort carries the highest median home price in Will County, reflecting the strength of the local housing market relative to surrounding communities.

Shopping

-

The historic downtown serves as Frankfort's primary shopping destination, where more than 50 businesses operate across a walkable stretch of preserved architecture. Boutiques and beauty salons sit alongside coffee shops and specialty retailers, and the streetscape itself encourages browsing on foot. Breidert Green hosts seasonal markets and events that draw shoppers into the downtown core throughout the year.

For everyday retail and larger stores, the U.S. 45 corridor, known locally as LaGrange Road, offers additional options just beyond downtown. Bronson Square is the closest shopping center to the residential areas, and several other small retail centers are within a few minutes' drive.

Highlights

-

Frankfort combines a walkable, architecturally preserved downtown with strong community events like the annual Bluegrass Festival and the 250,000-visitor Fall Festival, all within 28 miles of Chicago. Prairie Park, the Old Plank Road Trail, and a dining scene anchored by long-running local spots round out a well-rounded suburban experience.

Search Nearby Rentals

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 September 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.