Cheap Apartments for Rent in the Park Place Neighborhood of Crystal Lake, IL from $700 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Park Place area of Crystal Lake.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Country Meadows
Studio Apartments

Country Meadows

326-342 Lake StCrystal Lake, IL 60014
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Buckingham Court
1 to 3 Bedroom Apartments

Buckingham Court

421-470 Buckingham DrCrystal Lake, IL 60014
  • Utilities Included
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Wood Creek Village
1 to 2 Bedroom Apartments

Wood Creek Village

1 W Acorn LnLake In The Hills, IL 60156
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300 Village Creek Dr
1 to 2 Bedroom Apartments

300 Village Creek Dr

300 Village Creek DrLake In The Hills, IL 60156

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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Westview Crossing
3 Bedroom Apartments

Westview Crossing

1007 Doctor John Burkey DrAlgonquin, IL 60102
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122-140 Main St
Studio Apartments

122-140 Main St

122-140 Main StAlgonquin, IL 60102
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Arrowhead Apartments
1 to 2 Bedroom Apartments

Arrowhead Apartments

25 Arrowhead DrAlgonquin, IL 60102
  • Utilities Included
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The Oaks at Algonquin
Studio to 2 Bedroom Apartments

The Oaks at Algonquin

2595 Harnish DrAlgonquin, IL 60102
Senior Living

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Park Place, Crystal Lake, IL Local Guide

Cheapest Available Park Place Apartments for Rent

 

The cheapest available apartment rental in the Park Place area of Crystal Lake, IL is a Studio unit found at Enclave Crystal Lake Townhomes and Apartments priced from $1,610. Randall Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,615. Here are the most affordable Park Place apartments for rent in Crystal Lake, IL:

Apartment ListingModel NameBed/BathPriced From
Enclave Crystal Lake Townhomes and ApartmentsS1Studio,1BA$1,610
Randall VillageThe Chagall1BR,1BA$1,615
Skyridge Club ApartmentsSandpiper2BR,1BA$1,690
Water's EdgeThe Quarry1BR,1BA$2,020

Best Value Apartments for Rent in Park Place, IL

As of May 31, 2026 the best value apartment in the Park Place area is the $2.12 price per square foot The Picasso B Model at Randall Village in the in the Park Place neighborhood starting from $1,945. The second greatest value Park Place apartment is the The Quarry Model at Water's Edge starting at $2,020 with a $2.22 price per square foot in the Park Place neighborhood. Here is today’s list of the best values for Park Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Randall VillageThe Picasso B1BR,1BA$2.12
Water's EdgeThe Quarry1BR,1BA$2.22
Skyridge Club ApartmentsSandpiper2BR,1BA$1.99
Enclave Crystal Lake Townhomes and ApartmentsS1Studio ,1BA$2.90

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Cheap Park Place Apartments

How much is rent for a Cheap One Bedroom Park Place Apartment?

The lowest price for a Cheap One Bedroom Park Place Apartment is $1,615 at Randall Village.

What is the lowest price for a Cheap Two Bedroom Park Place Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Park Place is starting from $1,690 at Skyridge Club Apartments.

What is the most affordable Park Place Three Bedroom Apartment?

The best deal on a cheap Park Place Three Bedroom Apartment rental is at Enclave Crystal Lake Townhomes and Apartments and starts from $3,380.

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.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.