
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.


Addison Apartments

530 W Stevens Dr

524 Green Oaks Ct

471-481 N Addison Rd

340 Lincoln Ct

217 W Michael Ln
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120 S Lincoln Ave

311-317 Park Ave

310-318 Dale Dr

Prairieview Apartments

Chablis

507 Denise Ct

580 N Mill Rd
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Water View Apartments

414-418 W Stevens Dr

Mill Cove Apartments

534 Valerie Ln

350 N State St

150 S Lincoln Ave

500-530 N Mill Rd
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Dominion Tower
Michael Lane Area, Addison, IL Local Guide

How much does it cost to rent an apartment in Michael Lane Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Michael Lane Area 2 Bedroom Apartments | $1,575 | $1,115 | $1,750 |
| Michael Lane Area 3 Bedroom Apartments | $1,950 | $1,950 | $1,950 |
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
Cheapest Available Michael Lane Area Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Addison Horizon | 2 Bedroom | 2BR,1BA | $1,115 |
Best Value Apartments for Rent in Michael Lane Area, IL
As of February 26, 2026 the best value apartment in the Michael Lane Area area is the $1.75 price per square foot 440 W Stevens Dr Model at 440 W Stevens Dr, Unit TWO BEDS in the in the Michael Lane Area neighborhood starting from $1,750. The second greatest value Michael Lane Area apartment is the 430 W Stevens Dr Model at 430 W Stevens Dr, Unit TWO BEDS starting at $1,750 with a $1.75 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. |
|---|---|---|---|
| 440 W Stevens Dr, Unit TWO BEDS | 440 W Stevens Dr | 2BR,1BA | $1.75 |
| 430 W Stevens Dr, Unit TWO BEDS | 430 W Stevens Dr | 2BR,1BA | $1.75 |
| Addison Horizon | 2 Bedroom | 2BR,1BA | $1.21 |
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
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.
Helpful Local Expert Guides

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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.

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Articles, How-To's, and Tips

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Renting your next home can feel thrilling and overwhelming at the same time.

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Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.