440 Franklin St
WaukeganIL60085
Cheap Homes for Rent near Great Lakes, IL from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Great Lakes.
2614 Grand Ave
WaukeganIL60085
1001 W Grand Ave
WaukeganIL60085
1001 Grand Ave
WaukeganIL60085
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1801 Victoria Ave
North ChicagoIL60064
714 Helmholz Ave
WaukeganIL60085
1014 Edwards St
WaukeganIL60085
218 Washington St
WaukeganIL60085
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Great Lakes, IL Local Guide
Lake Michigan by Rachel Kramer is licensed under CC BY 2.0
How much does it cost to rent a home in Great Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Great Lakes 2 Bedroom Homes for Rent | $2,434 | $1,850 | $3,800 |
| Great Lakes 3 Bedroom Homes for Rent | $3,200 | $1,550 | $6,000 |
| Great Lakes 4 Bedroom Homes for Rent | $6,410 | $3,300 | $10,000+ |
| Great Lakes 5 Bedroom Homes for Rent | $10,750 | $6,500 | $10,000+ |
| Great Lakes 7 Bedroom Homes for Rent | $25,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Great Lakes
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Great Lakes, IL Local Guide
- Nearby Cities
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Cheapest Available Great Lakes Apartments for Rent and Nearby
The cheapest available apartment rental in Great Lakes, IL is a 1 Bed unit found at FOREST VIEW MANOR in the North Center neighborhood priced from $1,125. 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 $2,109. Here is today’s list of the most affordable Great Lakes apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| FOREST VIEW MANOR | FOREST VIEW MANOR - 101 | 1BR,1BA | $1,125 |
| Deer Valley Apartments | One Bedroom | 1BR,1BA | $2,109 |
| Forest Pointe Apartments | B1 | 2BR,2BA | $2,593 |
Best Value Apartments for Rent in Great Lakes, IL and Nearby
As of July 28, 2026 the best value apartment in the Great Lakes area is the $2.65 price per square foot B1 Model at Forest Pointe Apartments in the in the Downtown Lake Forest neighborhood starting from $2,593. The second greatest value Great Lakes apartment is the One Bedroom Model at Deer Valley Apartments starting at $2,109 with a $2.91 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. |
|---|---|---|---|
| Forest Pointe Apartments | B1 | 2BR,2BA | $2.65 |
| Deer Valley Apartments | One Bedroom | 1BR,1BA | $2.91 |
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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Explore Great Lakes, IL Rentals by Map
See the most popular apartments and homes in Great Lakes, IL
Frequently Asked Questions about Great Lakes
What type of rentals are currently available in Great Lakes?
There are currently 66 Apartments for Rent in Great Lakes, IL with pricing that ranges from $1,515 to $2,647. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Great Lakes ranging from $975 to $25,000.
What is the current price range for Rental Homes in Great Lakes?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Great Lakes ranges from $975 to $25,000 with an average monthly rent of $8,180.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.