Cheap Apartments for Rent in Great Lakes, IL from $700 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in Great Lakes.

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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1123 Broadway Ave
1 to 2 Bedroom Apartments

1123 Broadway Ave

1123 Broadway AveNorth Chicago, IL 60064
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Prairie View Apartments
1 to 3 Bedroom Apartments

Prairie View Apartments

1 Prairie View CtNorth Chicago, IL 60064
  • Utilities Included
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2417 Sherman Ave
1 to 2 Bedroom Apartments

2417 Sherman Ave

2417 Sherman AveAbbott Park, IL 60064
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1111 Broadway Ave
1 to 2 Bedroom Apartments

1111 Broadway Ave

1111 Broadway AveNorth Chicago, IL 60064
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927-941 Broadway Ave
Studio to 2 Bedroom Apartments

927-941 Broadway Ave

927-941 Broadway AveNorth Chicago, IL 60064

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.

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1435 Hervey Ave
2 Bedroom Apartments

1435 Hervey Ave

1435 Hervey AveNorth Chicago, IL 60064
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2300 Barrett Ct
1 to 4 Bedroom Apartments

2300 Barrett Ct

2300 Barrett CtNorth Chicago, IL 60064
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Forest View Manor
1 Bedroom Apartments

Forest View Manor

1912 10TH StWaukegan, IL 60085
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2413 Sherman Ave
1 to 2 Bedroom Apartments

2413 Sherman Ave

2413 Sherman AveAbbott Park, IL 60064
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1117 Broadway Ave
1 to 2 Bedroom Apartments

1117 Broadway Ave

1117 Broadway AveNorth Chicago, IL 60064
Senior Living
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Sheridan Apartments
Studio to 1 Bedroom Apartments

Sheridan Apartments

1610 Sheridan RdNorth Chicago, IL 60064
  • Utilities Included

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.

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1635 Hervey Ave
1 Bedroom Apartments

1635 Hervey Ave

1635 Hervey AveNorth Chicago, IL 60064
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2400 24th Pl
1 to 2 Bedroom Apartments

2400 24th Pl

2400 24th PlNorth Chicago, IL 60064
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1911 Sherman Ave
2 to 3 Bedroom Apartments

1911 Sherman Ave

1911 Sherman AveNorth Chicago, IL 60064
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601 Hill St
2 Bedroom Apartments

601 Hill St

601 Hill StWaukegan, IL 60085

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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1548 Kristan Ave
1 Bedroom Apartments

1548 Kristan Ave

1548 Kristan AveNorth Chicago, IL 60064

Great Lakes, IL Local Guide

Cheapest Available Great Lakes Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Deer Valley ApartmentsTwo Bedroom2BR,2BA$2,034

Best Value Apartments for Rent in Great Lakes, IL

As of June 21, 2025 the best value apartment in the Great Lakes area is the $2.45 price per square foot Two BR Premium Renovation Model at Deer Valley Apartments in the in the Village of Lake Bluff neighborhood starting from $2,574. The second greatest value Great Lakes apartment is the 1116 Park Ave Model at 1116 Park Ave, Unit #2 starting at $1,300 with a $1.86 price per square foot in the North Center neighborhood. Here is today’s list of the best values for Great Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Deer Valley ApartmentsTwo BR Premium Renovation2BR,2BA$2.45
1116 Park Ave, Unit #21116 Park Ave1BR,1BA$1.86

Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Great Lakes, IL Rentals by Map

View MapGreat Lakes, IL Apartments MapView MapGreat Lakes, IL Rental Homes Map

Getting Around Great Lakes, IL

Walk Score®

34 / 100

Car-Dependent

Most errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

29 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Great Lakes 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 $2,034 at Deer Valley Apartments.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.