
Cheap Apartments for Rent in Great Lakes, IL from $700 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Great Lakes.


Forest Pointe

Deer Valley Apartments

The Oaks of Lake Bluff

Terrace Oaks Apartments

1435 Hervey Ave

The Woodlands on Green Bay

2417 Sherman Ave
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.

709 S Mcalister Ave

927-941 Broadway Ave

2300 Barrett Ct

1243 Jackson St

615 Sheridan Rd

Sheridan Apartments

502-506 10th St

2413 Sherman Ave
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.

2400 24th Pl

525 W Washington Ave

29123 N Waukegan Rd

1548 Kristan Ave

1911 Sherman Ave

601 Hill St

1123 Broadway Ave

Sheridan Multi-Family Complex
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Prairie View Apartments

Whispering Oaks Apartments

1111 Broadway Ave

Forest View Manor

Brookstone & Regency at Cole Park

1117 Broadway Ave

1635 Hervey Ave

Lake Forest Place Senior Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Great Lakes, IL Local Guide

How much does it cost to rent an apartment in Great Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Great Lakes 1 Bedroom Apartments | $1,670 | $1,000 | $1,857 |
| Cheap Great Lakes 2 Bedroom Apartments | $1,954 | $1,225 | $2,542 |
| Cheap Great Lakes 3 Bedroom Apartments | $1,599 | $1,599 | $1,599 |
Browse Top Apartments in Great Lakes
See all Apartments in Great LakesExplore Great Lakes
Great Lakes, IL Local Guide
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Cheapest Available Great Lakes Apartments for Rent
 The cheapest available apartment rental in Great Lakes, IL is a 1 Bed unit found at Terrace Oaks Apartments in the Downtown Lake Forest neighborhood priced from $1,325. Deer Valley Apartments in the Village of Lake Bluff neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,827. Here is today’s list of the most affordable Great Lakes apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Terrace Oaks Apartments | 1 Bedroom | 1BR,1BA | $1,325 |
| Deer Valley Apartments | One Bedroom | 1BR,1BA | $1,827 |
| Forest Pointe | Two Bedroom, Two Bath (C2) | 2BR,2BA | $1,920 |
Best Value Apartments for Rent in Great Lakes, IL
As of March 14, 2026 the best value apartment in the Great Lakes area is the $1.94 price per square foot 1617 Jackson St Model at 1617 Jackson St, Unit Unit 2 in the in the North Center neighborhood starting from $1,650. The second greatest value Great Lakes apartment is the One Bedroom Model at Deer Valley Apartments starting at $1,827 with a $2.52 price per square foot in the Village of Lake Bluff neighborhood. Here is today’s list of the best values for Great Lakes apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1617 Jackson St, Unit Unit 2 | 1617 Jackson St | 2BR,1BA | $1.94 |
| Deer Valley Apartments | One Bedroom | 1BR,1BA | $2.52 |
| Terrace Oaks Apartments | 1 Bedroom | 1BR,1BA | $1.89 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Great Lakes, IL Rentals by Map
See the most popular apartments and homes in Great Lakes, IL
Frequently Asked Questions about Cheap Great Lakes Apartments
How much is rent for a Cheap One Bedroom Great Lakes Apartment?
The lowest price for a Cheap One Bedroom Great Lakes Apartment is $1,325 at Terrace Oaks Apartments.
What is the lowest price for a Cheap Two Bedroom Great Lakes Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Great Lakes is starting from $2,527 at Deer Valley Apartments.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.