
Cheap Homes for Rent in Highwood, IL from $1,700 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Highwood.


650 Central Ave, Unit 1 Bedroom

1156 Osterman Ave

432 Elm Pl, Unit 501

696 Elm Pl, Unit 105

1644 Midland Ave, Unit 2
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.

696 Elm Pl, Unit 111

696 Elm Pl, Unit 111

432 Elm Pl, Unit 211

696 Elm Pl, Unit 111

432 Elm Pl, Unit 003

730 Judson Ave, Unit 40
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.

696 Elm Pl, Unit 696-300

1121 Waukegan Rd

1978 Green Bay Rd

580 Broadsmore Dr

1978 Green Bay Rd

1250 Park Ave W
Cash 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.

621 Waukegan Rd

1250 Park Ave W, Unit 408
Highwood, IL Local Guide

How much does it cost to rent a home in Highwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Highwood 2 Bedroom Homes for Rent | $2,510 | $2,150 | $3,250 |
| Highwood 3 Bedroom Homes for Rent | $3,779 | $2,550 | $5,900 |
| Highwood 4 Bedroom Homes for Rent | $6,812 | $3,950 | $10,000+ |
| Highwood 5 Bedroom Homes for Rent | $12,612 | $4,500 | $10,000+ |
| Highwood 6 Bedroom Homes for Rent | $5,800 | $5,800 | $5,800 |
Browse Top Homes for Rent in Highwood
Explore Highwood
Highwood, IL Local Guide
- Highwood Neighborhoods
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Cheapest Available Highwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Highwood, IL is a Studio unit found at 548-552 Sheridan Rd in the Fort Sheridan neighborhood priced from $1,600. Arrive North Shore in the Fort Sheridan neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,759. Here is today’s list of the most affordable Highwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 548-552 Sheridan Rd | Studio | Studio,1BA | $1,600 |
| Arrive North Shore | Palmer | 1BR,1BA | $1,759 |
| HIGHPOINT Highwood Station 546 | 1 Bed 1 Bath | 1BR,1BA | $2,019 |
| Park Townhomes of Highland Park | 1BR/1.5BA | 1BR,1BA | $2,160 |
| HIGHPOINT Highwood Station 440 | 1Bed 1Bath | 1BR,1BA | $2,248 |
Best Value Apartments for Rent in Highwood, IL and Nearby
As of July 05, 2026 the best value apartment in the Highwood area is the $2.80 price per square foot Townhome (Corner - Interior Photos of K) Model at Bloom Street Townhomes in the in the Briergate Station neighborhood starting from $5,600. The second greatest value Highwood apartment is the 2 Bed 2 Bath + Den Model at HIGHPOINT Highwood Station 546 starting at $3,399 with a $2.76 price per square foot in the Fort Sheridan 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. |
|---|---|---|---|
| Bloom Street Townhomes | Townhome (Corner - Interior Photos of K) | 3BR,2.5BA | $2.80 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath + Den | 2BR,2BA | $2.76 |
| 350 Prairie Ave, Unit A | 350 Prairie Ave | 3BR,1BA | $1.75 |
| 113 Burtis Ave, Unit A | 113 Burtis Ave | 2BR,1BA | $1.82 |
| 1644 Midland Ave, Unit Apartment | 1644 Midland Ave | 2BR,1BA | $1.95 |
| HIGHPOINT Highwood Station 440 | 1Bed 1Bath | 1BR,1BA | $2.61 |
| HIGHPOINT Highwood Station 246 | 1 Bed 1 Bath | 1BR,1BA | $2.73 |
| Park Townhomes of Highland Park | 1BR/1.5BA | 1BR,1.5BA | $2.82 |
| 696 Elm Pl | 696 Elm Pl | 1BR,1BA | $2.99 |
| Arrive North Shore | Palmer | 1BR,1BA | $3.08 |
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 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 ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal 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.
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 Highwood
What type of rentals are currently available in Highwood?
There are currently 80 Apartments for Rent in Highwood, IL with pricing that ranges from $1,475 to $5,711. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Highwood ranging from $1,750 to $25,000.
What is the current price range for Rental Homes in Highwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Highwood ranges from $1,750 to $25,000 with an average monthly rent of $5,045.
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

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.

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.