
Cheap Apartments for Rent in Highwood, IL from $900 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Highwood.


HIGHPOINT Highwood Station 440

HIGHPOINT Highwood Station 546

HIGHPOINT Highwood Station 246

328 Green Bay Rd

1970 Green Bay Rd

Total Monthly Price
696 Elm Pl, Unit 102, Unit 102
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.

679 Park Ave W

725 St Johns Ave, Unit 90

Total Monthly Price
Albion Highland Park

Park Townhomes of Highland Park

318 Walker Ave

730 Judson Ave, Unit 40

1660 Green Bay Road
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26 E Washington Ave

Laurel Apartments

1337 1st St

4 S June Terrace

2818 Dundee Rd

1506 Glencoe Ave

1121 Waukegan Rd
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Highwood, IL Local Guide

How much does it cost to rent an apartment in Highwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Highwood Studio Apartments | $2,293 | $2,101 | $2,486 |
| Cheap Highwood 1 Bedroom Apartments | $2,363 | $1,800 | $3,601 |
| Cheap Highwood 2 Bedroom Apartments | $3,385 | $1,939 | $5,700 |
| Cheap Highwood 3 Bedroom Apartments | $4,118 | $2,500 | $7,466 |
Browse Top Apartments in Highwood
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Highwood, IL Local Guide
- Highwood Neighborhoods
- Nearby Cities
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Cheapest Available Highwood Apartments for Rent
 The cheapest available apartment rental in Highwood, IL is a 1 Bed unit found at Arrive North Shore in the Fort Sheridan neighborhood priced from $1,809. Albion Highland Park in the Briergate Station neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,101. Here is today’s list of the most affordable Highwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arrive North Shore | Ashland | 1BR,1BA | $1,809 |
| Albion Highland Park | S6 - West | Studio,1BA | $2,101 |
| HIGHPOINT Highwood Station 440 | 1Bed 1Bath | 1BR,1BA | $2,127 |
| Park Townhomes of Highland Park | 1BR/1.5BA | 1BR,1BA | $2,160 |
| 318 Walker Ave | 2 Bedroom | 2BR,1BA | $2,200 |
Best Value Apartments for Rent in Highwood, IL
As of April 22, 2026 the best value apartment in the Highwood area is the $2.81 price per square foot 2 Bed 2 Bath Model at HIGHPOINT Highwood Station 440 in the in the Fort Sheridan neighborhood starting from $2,995. The second greatest value Highwood apartment is the 2 Bedroom Model at 318 Walker Ave starting at $2,200 with a $2.34 price per square foot in the Downtown Highland Park neighborhood. Here is today’s list of the best values for Highwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2.81 |
| 318 Walker Ave | 2 Bedroom | 2BR,1BA | $2.34 |
| Park Townhomes of Highland Park | 1BR/1.5BA | 1BR,1.5BA | $2.82 |
| Albion Highland Park | V1 - West | Studio ,1BA | $3.48 |
| 696 Elm Pl, Unit 102 | 696 Elm Pl | 1BR,1BA | $2.71 |
| Arrive North Shore | Palmer | 1BR,1BA | $3.20 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
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Read ArticleDon'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 ArticleBest Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
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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 Highwood, IL Rentals by Map
See the most popular apartments and homes in Highwood, IL
Frequently Asked Questions about Cheap Highwood Apartments
How much is rent for a Cheap One Bedroom Highwood Apartment?
The lowest price for a Cheap One Bedroom Highwood Apartment is $1,809 at Arrive North Shore.
What is the lowest price for a Cheap Two Bedroom Highwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Highwood is starting from $2,129 at Arrive North Shore.
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

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

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.

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.