Rental market snapshot for Franklin Park, Illinois

Franklin Park, Illinois Rental Property Market Overview

The average rent for an apartment in Franklin Park is $2,358. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 1.1% over the past year.

Franklin Park is a village in Cook County, Illinois, United States. The population was 18,333 at the 2010 census. Franklin Park is located at 41°55′30″N 87°47′36″W (41.925, -87.793333). It is bordered by River Grove to the west, Melrose Park to the south, and Schiller Park to the east.

Last Updated December 23, 2022

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Average monthly rent graph in Franklin Park Illinois | Cost of Living

  • The most expensive ZIP Code in Franklin Park is 60131 with an average price of $2,350
  • The cheapest ZIP Code in Franklin Park is 60131 with an average price of $2,205

Franklin Park ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
160131$2,350

Live near Franklin Park, Illinois's Top Sights and Attractions

North Park is an attraction located in Franklin Park, Illinois. The attraction features a variety of rides, games, and activities for visitors to enjoy. North Park is a great place to take the family for a day of fun.

Gouin Park is a beautiful park located in Franklin Park, Illinois. The park features a variety of amenities including a playground, a basketball court, a picnic area, and a walking trail.

The Veterans Park District is a large park that contains many different attractions. There is a playground, a swimming pool, a basketball court, and a baseball field. The park also has a large pond that is perfect for fishing.

The Pool on Pacific Park District is an attraction located in Franklin Park, Illinois. The attraction is a public swimming pool that is open to the public. The pool is located in the Pacific Park District of Franklin Park.

The Pool on Pacific is a public swimming pool located in Franklin Park, Illinois. The pool is open to the public from Memorial Day to Labor Day, and features a diving board, lap lanes, and a wading pool.

James Park is a beautiful park located in Franklin Park, Illinois. The park features a variety of amenities including a playground, a picnic area, a walking trail, and a pond.

Iceland Park And Ice Arena is an attraction that features an outdoor ice skating rink, a heated indoor pool, a gymnasium, and a sauna.

Ruby Addison Park is a small park located in Franklin Park, Illinois. The park features a playground, a picnic area, and a small pond.

Franklin Park, Illinois area median rent change by ZIP Code map

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How does Franklin Park compare to other cities in Illinois ?

citymedian price
Lake Zurich$2,059
Granite City$1,103
Lyons$1,850
West Chicago$2,550
Lake Villa$1,800
Matteson$2,154
Round Lake Heights$2,215
Geneva$1,795
Macomb$525

Average household income in Franklin Park area graph - US Census

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The median household income in Franklin Park in 2021 was $67,755. This represents a 22.1% change from 2011 when the median was $55,500.

#categorypercent
0Less than $10,0006.1%
1$10,000 to $14,9993.3%
2$15,000 to $19,9996.1%
3$20,000 to $24,9993.9%
4$25,000 to $29,9993.3%
5$30,000 to $34,9995.3%
6$35,000 to $39,9992.0%
7$40,000 to $44,9992.3%
8$45,000 to $49,9993.9%
9$50,000 to $59,9996.2%
10$60,000 to $74,99912.3%
11$75,000 to $99,99914.5%
12$100,000 to $124,99911.1%
13$125,000 to $149,99910.1%
14$150,000 to $199,9997.0%
15$200,000 or more2.4%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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