Rental market snapshot for Franklin Park, Illinois

Franklin Park, Illinois Rental Property Market Overview

Franklin Park, Illinois is a village located in Cook County, just west of Chicago. According to the US Census, the population of Franklin Park in 2021 is 18,298. The village is known for its diverse population and vibrant culture, with a variety of restaurants, shops, and entertainment venues. Franklin Park is also home to a number of parks and recreational areas, making it a great place to live and visit.

The average rent for an apartment in Franklin Park is $2,278. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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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 $2,492.
  • The cheapest ZIP code in Franklin Park is 60131 with an average price of $2,492.

Franklin Park ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
160131$2,492

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

North Park is a large outdoor recreation area located in Franklin Park, Illinois. It features a variety of activities, including a playground, picnic areas, a fishing pond, a walking path, and a disc golf course. The park also has a large pavilion, which can be rented for special events. Additionally, North Park has a variety of sports fields, including baseball, softball, and soccer fields. There is also a concession stand and restrooms available for visitors.

Gouin Park is a large outdoor recreational area located in a suburban area. It features a variety of activities and amenities, including a large lake, a playground, a picnic area, a walking path, and a disc golf course. The park also has a variety of wildlife, including birds, fish, and other animals. The park is a popular destination for families and visitors alike, offering a peaceful and relaxing atmosphere.

Veterans Park District is a large park with a variety of attractions. It has a large lake with a beach, a playground, a picnic area, a walking path, and a fishing pier. There are also several sports fields, including baseball, softball, and soccer. The park also has a disc golf course, a skate park, and a BMX track. In addition, the park has a pavilion, a gazebo, and a band shell for outdoor concerts.

Pool On Pacific Park District is a popular outdoor attraction located in Franklin Park, Illinois. It features a large pool with a diving board, a kiddie pool, and a water slide. The park also has a playground, picnic areas, and a concession stand. The pool is open during the summer months and offers swimming lessons, water aerobics, and other activities. The park is a great place to spend a summer day with family and friends.

Pool On Pacific is a public swimming pool located in a picturesque park setting. It features a large pool with a diving board, a kiddie pool, and a splash pad. The pool is surrounded by lush green grass and mature trees, providing a peaceful and relaxing atmosphere. There are also plenty of lounge chairs and umbrellas for those who want to soak up some sun. The pool is open during the summer months and is a great place to cool off and have some fun.

James Park is a picturesque park located in a quiet residential area. It features a large pond with a fountain, a playground, and plenty of walking trails. The park also has a picnic area with tables and grills, as well as a gazebo for special events. The park is well-maintained and provides a peaceful atmosphere for visitors to enjoy.

Iceland Park And Ice Arena is an indoor ice skating facility located in Franklin Park, Illinois. It features two NHL-sized ice rinks, a pro shop, a snack bar, and a party room. The facility offers a variety of public skating sessions, hockey leagues, figure skating classes, and private lessons. It also hosts birthday parties and special events.

Ruby Addison Park is a large outdoor recreational area located in a suburban area. It features a variety of activities for visitors of all ages, including a playground, picnic areas, walking trails, and a large lake with a fishing pier. There is also a large open field for sports and other activities, as well as a pavilion for special events. The park is well-maintained and offers a peaceful and relaxing atmosphere for visitors.

Timber Park is a nature-filled attraction located in a lush forest. It features a variety of outdoor activities, including hiking trails, a fishing pond, and a picnic area. The park also has a playground, a disc golf course, and a nature center with educational programs and exhibits. Visitors can also explore the nearby wetlands and observe wildlife in their natural habitat.

Hawthorne Park is a beautiful outdoor attraction located in Franklin Park, Illinois. It features a large pond, walking trails, and plenty of open green space. There are also several picnic areas, playgrounds, and a disc golf course. The park also has a variety of wildlife, including ducks, geese, and other birds. The park is a great place to spend a day outdoors, with plenty of activities for all ages.

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
Evanston$2,950
Niles$2,505
Lincolnwood$2,450
Addison$2,445
Warrenville$2,245
Rolling Meadows$2,103
Richton Park$1,900
Washington$1,300
Wood River$950

Average household income in Franklin Park area graph - US Census

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The median household income in Franklin Park in 2021 was $70,221. This represents a 25.2% change from 2011 when the median was $56,098.

#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%

Neighborhoods in Franklin Park

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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.

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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.

As of February , the average rent in Franklin Park is $2,278.
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