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Cheap Apartments for Rent in the Michael Lane Area Addison, IL from $800 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Michael Lane Area area of Addison.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Showing Results 1-22, Page 1 of 1
Michael Lane Area, Addison, IL Local Guide
The water tower of Addison, Illinois by Khateeb88 is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Michael Lane Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Michael Lane Area 1 Bedroom Apartments | $1,500 | $1,500 | $1,500 |
| Michael Lane Area 2 Bedroom Apartments | $1,657 | $1,115 | $1,900 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 1 mile radius of the Michael Lane Area Neighborhood of Addison, IL.
See all Apartments in AddisonExplore Addison
Michael Lane Area, Addison, IL Local Guide
- Nearby Addison neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Michael Lane Area Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Addison Horizon | 2 Bedroom | 2BR,1BA | $1,115 |
| 580 N Mill Rd | 2 Bedroom | 2BR,1BA | $1,575 |
Best Value Apartments for Rent in Michael Lane Area, IL
As of October 08, 2025 the best value apartment in the Michael Lane Area area is the $1.90 price per square foot 513 N Valerie Ln Model at 513 N Valerie Ln, Unit Unit 2 in the in the Michael Lane Area neighborhood starting from $1,900. The second greatest value Michael Lane Area apartment is the 2 Bedroom Model at Addison Horizon starting at $1,115 with a $1.21 price per square foot in the Michael Lane Area neighborhood. Here is today’s list of the best values for Michael Lane Area apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 513 N Valerie Ln, Unit Unit 2 | 513 N Valerie Ln | 2BR,1BA | $1.90 |
| Addison Horizon | 2 Bedroom | 2BR,1BA | $1.21 |
| 580 N Mill Rd | 2 Bedroom | 2BR,1BA | $1.80 |
| 630 N Lincoln Ave, Unit ONE BED | 630 N Lincoln Ave | 1BR,1BA | $2.00 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleMichael Lane Area, Addison, IL
Ranked #2
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Michael Lane Area Apartments
What types of apartments are the cheapest in Michael Lane Area?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Michael Lane Area that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.