What is the median rent in Frankfort Township (Will County), IL?
The median gross rent in Frankfort Township (Will County), IL is $1,449 (±$148) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 1,252 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Frankfort Township (Will County), the median gross rent went from $1,201 in 2015–2019 to $1,449 in 2020–2024 (+20.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $1,449 (±$148)
- Rented homes
- 1,252 (±240)
- $2,000 or more
- 25.7%
- Since 2015–2019
- +20.6%
How much rent costs in Frankfort Township (Will County)
| Monthly gross rent | Frankfort Township (Will County) | Will County | Illinois | United States |
|---|---|---|---|---|
| Less than $500 | 1.4% (±2.2 points) | 4.8% | 7.0% | 6.3% |
| $500 to $999 | 10.2% (±6.6 points) | 13.9% | 23.5% | 20.2% |
| $1,000 to $1,499 | 41.9% (±9.1 points) | 33.9% | 32.6% | 28.1% |
| $1,500 to $1,999 | 20.9% (±7.9 points) | 24.2% | 18.7% | 21.1% |
| $2,000 to $2,499 | 4.4% (±3.8 points) | 14.1% | 9.6% | 12.0% |
| $2,500 to $2,999 | 5.3% (±4.0 points) | 5.8% | 4.1% | 5.5% |
| $3,000 or more | 16.0% (±8.6 points) | 3.4% | 4.4% | 6.8% |
The most common range is $1,000 to $1,499, paid by 41.9% of renting households.
25.7% of rented homes in Frankfort Township (Will County) cost $2,000 or more a month.
Frankfort Township (Will County) against Will County, its state and the nation
| Frankfort Township (Will County) | Will County | Illinois | United States | |
|---|---|---|---|---|
| Median gross rent | $1,449 (±$148) | $1,462 (±$33) | $1,274 (±$5) | $1,413 |
| Rented homes paying rent | 1,252 (±240) | 39,997 (±1,562) | 1,587,238 (±10,609) | 42,849,984 |
In Frankfort Township (Will County), median gross rent is not measurably different from Will County ($1,462).
It is also higher than in Illinois ($1,274).
It is not measurably different from the national figure ($1,413).
In Will County, Frankfort Township (Will County) ranks 23 of 51 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 257 of 2,063.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Frankfort Township (Will County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,201 (±$104) | $1,449 (±$148) | +20.6% | No measurable change after inflation |
| Households that rent | 8.3% (±1.1 points) | 6.9% (±1.2 points) | −1.4 percentage points | Not a measurable change |
| Rental vacancy rate | 12.9% (±7.6 points) | 13.1% (±9.3 points) | +0.2 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Frankfort Township (Will County)
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Frankfort Township (Will County) | — | $1,449 (±$148) | — |
| Frankfort | 1.3 mi | $2,442 (±$882) | Higher |
| Mokena | 2.0 mi | $1,254 (±$114) | Lower |
| Frankfort Square | 2.3 mi | $1,622 (±$257) | Not measurably different |
| Tinley Park | 4.4 mi | $1,495 (±$110) | Not measurably different |
| Matteson | 5.2 mi | $1,580 (±$462) | Not measurably different |
| Orland Hills | 5.3 mi | $1,359 (±$194) | Not measurably different |
| Rich Township | 5.9 mi | $1,434 (±$90) | Not measurably different |
| Richton Park | 5.9 mi | $1,294 (±$126) | Not measurably different |
Nearby places with a measurably lower figure: Mokena, IL ($1,254).
Nearby places with a measurably higher figure: Frankfort, IL ($2,442).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Will County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 17 | Lockport | $1,525 (±$183) |
| 18 (tie) | Crest Hill | $1,481 (±$91) |
| 18 (tie) | Jackson Township (Will County) | $1,481 (±$814) |
| 20 | Shorewood | $1,479 (±$398) |
| 21 | Monee | $1,477 (±$277) |
| 22 | Fairmont | $1,455 (±$178) |
| 23 | Frankfort Township (Will County) | $1,449 (±$148) |
| 24 | New Lenox | $1,431 (±$159) |
| 25 | New Lenox Township | $1,429 (±$169) |
| 26 | Ingalls Park | $1,408 (±$118) |
| 27 | Godley | $1,386 (±$243) |
| 28 | Troy Township | $1,348 (±$77) |
| 29 | Wesley Township | $1,328 (±$190) |
Showing 13 of 51 places in Will County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Frankfort Township (Will County)
What is the average rent in Frankfort Township (Will County), IL?
The Census Bureau publishes the median rather than the average: the median gross rent in Frankfort Township (Will County) is $1,449 (±$148) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Frankfort Township (Will County)?
In Frankfort Township (Will County), the median gross rent went from $1,201 in 2015–2019 to $1,449 in 2020–2024 (+20.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Frankfort Township (Will County) cost more than $2,000 a month?
25.7% of rented homes in Frankfort Township (Will County) have a gross rent of $2,000 or more a month, and 1.4% cost less than $500.
Is rent in Frankfort Township (Will County) higher than in Will County?
In Frankfort Township (Will County), median gross rent is not measurably different from Will County ($1,462).
It is also higher than in Illinois ($1,274).
It is not measurably different from the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Frankfort township, Will County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Frankfort township, Will County, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Frankfort township, Will County, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Frankfort township, Will County, Illinois (county subdivision:27631, in state:17 county:197).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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- Fair Market Rent in Frankfort Township (Will County)
- Illinois landlord and tenant rules
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