Cheap Apartments for Rent near Inverness, IL from $1,395 (35 Rentals)

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Albion on Northwest
Rent Specials
$1,561 - $3,531

Total Monthly Price

Base Rent$1,561 - $3,531
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Albion on Northwest

975 N Sterling AvePalatine, IL 60067
Affordability
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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Inverleith Apartments
Studio to 2 Bedroom Apartments

Inverleith Apartments

525 N Quentin RdPalatine, IL 60067
  • Utilities Included

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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North 680
1 to 2 Bedroom Apartments

North 680

680 E Algonquin RdSchaumburg, IL 60173
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Inverness, IL Local Guide

Cheapest Available Inverness Apartments for Rent and Nearby

 

The cheapest available apartment rental in Inverness, IL is a 1 Bed unit found at The Clayson in the Cherrybrook Village neighborhood priced from $1,491. The Gates of Deer Grove Apartment Homes in the Cherrybrook Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,550. Here is today’s list of the most affordable Inverness apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Clayson1 Bedroom1BR,1BA$1,491
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$1,550
Albion on NorthwestElm (A1) 1 Bedroom Aparment1BR,1BA$1,561
21 Kristin1x1P - (Partial)1BR,1BA$1,639
The Lakes of Schaumburg Apartment Homes1 Bedroom 1 Bath 5601BR,1BA$1,690
Remington Place ApartmentsAzalea Premium1BR,1BA$1,742
Element at VeridianS1Studio,1BA$1,837
The QuinOne Bed / One Bath1BR,1BA$2,187

Best Value Apartments for Rent in Inverness, IL and Nearby

As of September 13, 2026 the best value apartment in the Inverness area is the $2.31 price per square foot 2 Bed 2 Bath Model at HIGHPOINT Barrington in the in the Far Northwest Suburban Cook neighborhood starting from $2,896. The second greatest value Inverness apartment is the 127 W Lincoln Ave Model at 127 W Lincoln Ave, Unit Unit 1 starting at $2,200 with a $1.83 price per square foot in the Far Northwest Suburban Cook neighborhood. Here is today’s list of the best values for Inverness apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
HIGHPOINT Barrington2 Bed 2 Bath2BR,2BA$2.31
127 W Lincoln Ave, Unit Unit 1127 W Lincoln Ave2BR,1.5BA$1.83
21 Kristin1x1R - (Renovated)1BR,1BA$2.20
Albion on NorthwestOak (Ad) 1 Bedroom Apartment1BR,1BA$2.37
The QuinOne Bed / One Bath Box Bay1BR,1BA$3.12
502 W Main St, Unit 502 W Main Street - 1st Floor502 W Main St1BR,1BA$1.99
The Clayson1 Bedroom1BR,1BA$2.13
Remington Place ApartmentsAzalea Deluxe1BR,1BA$2.77
The Lakes of Schaumburg Apartment Homes1 Bedroom 1 Bath 5601BR,1BA$3.03
The Gates of Deer Grove Apartment HomesStudio - 530 sqftStudio ,1BA$3.06

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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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.

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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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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Inverness Apartments

What is the Cheapest Studio apartment in Inverness?

Currently the most affordable Cheap Studio Apartment in Inverness is at The Gates of Deer Grove Apartment Homes listed at $1,620.

How much is rent for a Cheap One Bedroom Inverness Apartment?

The lowest price for a Cheap One Bedroom Inverness Apartment is $1,491 at The Clayson.

What is the lowest price for a Cheap Two Bedroom Inverness Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Inverness is starting from $1,818 at The Clayson.

What is the most affordable Inverness Three Bedroom Apartment?

The best deal on a cheap Inverness Three Bedroom Apartment rental is at 21 Kristin and starts from $2,739.

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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.