Cheap Homes for Rent in Highwood, IL from $1,600 (16 Rentals)

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property at 696 Elm Pl

696 Elm Pl

Highland ParkIL60035

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.

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.

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.

property at 1230 Park Ave W

1230 Park Ave W

Highland ParkIL60035

Highwood, IL Local Guide

Cheapest Available Highwood Apartments for Rent

 

The cheapest available apartment rental in Highwood, IL is a Studio unit found at Albion Highland Park in the Briergate Station neighborhood priced from $1,985. Renaissance Place in Highland Park in the Briergate Station neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,200. Here is today’s list of the most affordable Highwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Albion Highland ParkS6 - WestStudio,1BA$1,985
Renaissance Place in Highland Park1Bed/1Bath1BR,1BA$2,200
Webster Place3BR/2.5BA3BR,2BA$3,953

Best Value Apartments for Rent in Highwood, IL

As of May 29, 2025 the best value apartment in the Highwood area is the $1.92 price per square foot 3BR/2.5BA Model at Webster Place in the in the Fort Sheridan neighborhood starting from $3,953. The second greatest value Highwood apartment is the C1 - East Model at Albion Highland Park starting at $3,670 with a $3.67 price per square foot in the Briergate Station neighborhood. Here is today’s list of the best values for Highwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Webster Place3BR/2.5BA3BR,2.5BA$1.92
Albion Highland ParkC1 - East2BR,2BA$3.67
Renaissance Place in Highland Park1Bed/1Bath1BR,1BA$2.29

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Highwood

What type of rentals are currently available in Highwood?

There are currently 74 Apartments for Rent in Highwood, IL with pricing that ranges from $1,100 to $5,275. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Highwood ranging from $1,695 to $12,950.

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 $1,695 to $12,950 with an average monthly rent of $4,555.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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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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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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.