What is the median rent in Frankfort, IL?

Name: Median rent in Frankfort, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Frankfort, IL is $2,442 (±$882) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 259 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Frankfort, the median gross rent went from $1,240 in 2015–2019 to $2,442 in 2020–2024 (+96.9%).

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 November 12, 2026.

Median gross rent: $2,442 (±$882)
Rented homes: 259 (±117)
$2,000 or more: 60.3%
Since 2015–2019: +96.9%

How much rent costs in Frankfort

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Frankfort	Will County	Illinois	United States
Less than $500	0.0% (±13.5 points)	4.8%	7.0%	6.3%
$500 to $999	3.5% (±5.7 points)	13.9%	23.5%	20.2%
$1,000 to $1,499	29.0% (±18.7 points)	33.9%	32.6%	28.1%
$1,500 to $1,999	7.3% (±9.3 points)	24.2%	18.7%	21.1%
$2,000 to $2,499	11.6% (±14.3 points)	14.1%	9.6%	12.0%
$2,500 to $2,999	19.7% (±16.3 points)	5.8%	4.1%	5.5%
$3,000 or more	29.0% (±24.2 points)	3.4%	4.4%	6.8%

The most common range is $1,000 to $1,499, paid by 29.0% of renting households.

60.3% of rented homes in Frankfort cost $2,000 or more a month.

Frankfort against Will County, its state and the nation

Estimate (90% margin of error)
	Frankfort	Will County	Illinois	United States
Median gross rent	$2,442 (±$882)	$1,462 (±$33)	$1,274 (±$5)	$1,413
Rented homes paying rent	259 (±117)	39,997 (±1,562)	1,587,238 (±10,609)	42,849,984

In Frankfort, median gross rent is higher than in Will County ($1,462).

It is also higher than in Illinois ($1,274).

It is higher than the national figure ($1,413).

In Will County, Frankfort ranks 1 of 51 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 21 of 2,063.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Frankfort has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,240 (±$412)	$2,442 (±$882)	+96.9%	No measurable change after inflation
Households that rent	5.3% (±1.8 points)	5.2% (±2.4 points)	−0.1 percentage points	Not a measurable change
Rental vacancy rate	16.6% (±16.7 points)	0.0% (±10.0 points)	−16.6 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

Nearest places with a published estimate, compared with Frankfort
Place	Distance	Median gross rent	Compared with this place
Frankfort	—	$2,442 (±$882)	—
Frankfort Township (Will County)	1.3 mi	$1,449 (±$148)	Lower
Mokena	1.6 mi	$1,254 (±$114)	Lower
Frankfort Square	3.7 mi	$1,622 (±$257)	Not measurably different
New Lenox Township	4.8 mi	$1,429 (±$169)	Lower
New Lenox	5.1 mi	$1,431 (±$159)	Lower
Tinley Park	5.5 mi	$1,495 (±$110)	Lower
Green Garden Township	5.7 mi	$1,123 (±$83)	Lower
Orland Hills	6.0 mi	$1,359 (±$194)	Lower

Nearby places with a measurably lower figure: Frankfort Township (Will County), IL ($1,449), Mokena, IL ($1,254), New Lenox Township, IL ($1,429).

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
1	Frankfort	$2,442 (±$882)
2	Wheatland Township (Will County)	$2,231 (±$92)
3	Plainfield	$2,119 (±$188)
4	Plainfield Township	$2,105 (±$116)
5	Sunnyland	$1,926 (±$376)
6	Homer Township	$1,888 (±$116)
7	Romeoville	$1,886 (±$83)

Showing 7 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

What is the average rent in Frankfort, IL?

The Census Bureau publishes the median rather than the average: the median gross rent in Frankfort is $2,442 (±$882) 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?

In Frankfort, the median gross rent went from $1,240 in 2015–2019 to $2,442 in 2020–2024 (+96.9%).

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 cost more than $2,000 a month?

60.3% of rented homes in Frankfort have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.

Is rent in Frankfort higher than in Will County?

In Frankfort, median gross rent is higher than in Will County ($1,462).

It is also higher than in Illinois ($1,274).

It is higher than 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

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 village, Illinois (place:27624, in state:17).

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.

Request a Census API 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.