Premier Luxury Apartments
9600 Franklin,
Franklin Park, IL 60131
1-2 Beds | $1,998 - $2,898
Rental Market Trends in Franklin Park, IL
Updated September 2026
The average rent in Franklin Park, IL is $1,156/month.
Rent in Franklin Park is 31% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$1,156/month
Average Rent
357 Sq Ft
Average Size
+3%
Change / Year
32
Available Apartments
Franklin Park rent varies by unit size and layout:
- Studio apartments in Franklin Park average $807 per month.
- One-bedroom apartments in Franklin Park average $1,156 per month.
- Two-bedroom apartments in Franklin Park average $2,087 per month.
- Three-bedroom apartments in Franklin Park average $989 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Franklin Park, IL?
In the past year, rent has increased by 3%, which averages out to $35 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Franklin Park, IL
September 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
14%
Below $700/month
43%
$700 - $1,000/month
29%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
14%
Above $2,000/month
What salary do I need to live comfortably in Franklin Park, IL?
Because the average rent in Franklin Park is $1,156, you’ll want to make about $3,853 per month or $46,236 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Franklin Park, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Franklin Park, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Franklin Park Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Northlake
Avg Rent: $901/month
-
Schiller Park
Avg Rent: $1,194/month
-
Stone Park
Avg Rent: $851/month
-
Melrose Park
Avg Rent: $916/month
-
River Grove
Avg Rent: $1,233/month
-
Bensenville
Avg Rent: $1,569/month
-
Berkeley
Avg Rent: $922/month
-
Elmwood Park
Avg Rent: $1,041/month
-
Bellwood
Avg Rent: $1,377/month
Apartment Communities in Franklin Park We Think You'll Love
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Frequently Asked Questions
What is the average rent in Franklin Park?
The average rent in Franklin Park is $1,156 per month, which is 30.6% lower than the national average of $1,665.
Are rents going up or down in Franklin Park?
Rents in Franklin Park, IL are increasing, with prices up 3.0% year-over-year and $35 more per month.
What rent range is most common in Franklin Park?
In Franklin Park, IL, 43% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
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.
* Percentages may not total 100 due to rounding.