Cheap Homes for Rent in Fort Sheridan Neighborhood of Highwood, IL from $1,900 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Fort Sheridan area of Highwood.

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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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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Showing Results 1-11, Page 1 of 1

Fort Sheridan, Highwood, IL Local Guide

Cheapest Available Fort Sheridan Apartments for Rent

 

The cheapest available apartment rental in the Fort Sheridan area of Chicago, IL is a 1 Bed unit found at Arrive North Shore priced from $1,759. 548-552 Sheridan Rd has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,800. Here are the most affordable Fort Sheridan apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Arrive North ShorePalmer1BR,1BA$1,759
548-552 Sheridan Rd1BR/1BA1BR,1BA$1,800
HIGHPOINT Highwood Station 5461 Bed 1 Bath1BR,1BA$1,973
Park Townhomes1BR/1.5BA1BR,1BA$2,160
Albion Highland ParkV1 - WestStudio,1BA$2,331

Best Value Apartments for Rent in Fort Sheridan, IL

As of June 12, 2026 the best value apartment in the Fort Sheridan area is the $1.75 price per square foot 350 Prairie Ave Model at 350 Prairie Ave, Unit A in the in the Briergate Station neighborhood starting from $2,100. The second greatest value Fort Sheridan apartment is the 2 Bed 2 Bath Model at HIGHPOINT Highwood Station 546 starting at $2,750 with a $2.53 price per square foot in the Fort Sheridan neighborhood. Here is today’s list of the best values for Fort Sheridan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
350 Prairie Ave, Unit A350 Prairie Ave3BR,1BA$1.75
HIGHPOINT Highwood Station 5462 Bed 2 Bath2BR,2BA$2.53
HIGHPOINT Highwood Station 4402 Bed 2 Bath2BR,2BA$2.59
Albion Highland ParkA16 - West1BR,1BA$3.38
Park Townhomes1BR/1.5BA1BR,1.5BA$2.82
124 S Central Ave, Unit First Floor Apartment124 S Central Ave1BR,1BA$2.36
Arrive North ShoreAshland1BR,1BA$3.11

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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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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Best Local Schools in
Fort Sheridan, Highwood, IL

School data provided by Great Schools

Frequently Asked Questions about Fort Sheridan

What type of rentals are currently available in Fort Sheridan?

There are currently 85 Apartments for Rent in Fort Sheridan, IL with pricing that ranges from $1,495 to $7,476. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fort Sheridan ranging from $1,995 to $5,950.

What is the current price range for Rental Homes in Fort Sheridan?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fort Sheridan ranges from $1,995 to $5,950 with an average monthly rent of $3,896.

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

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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.

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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.

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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.

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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

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.