Cheap Homes for Rent near Inverness, IL from $1,495 (16 Rentals)

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property at 1 Renaissance Pl
$1,495 - $2,100
1 To 2 Bedroom Rentals
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Affordability

1 Renaissance Pl

PalatineIL60067

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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 $1,565. 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$1,565
Albion on NorthwestElm (A1) 1 Bedroom Aparment1BR,1BA$1,621
The Lakes of Schaumburg Apartment Homes1 Bedroom 1 Bath 5601BR,1BA$1,690
Remington Place ApartmentsAzalea Premium1BR,1BA$1,742

Best Value Apartments for Rent in Inverness, IL and Nearby

As of September 09, 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 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 1127 W Lincoln Ave2BR,1.5BA$1.83
21 Kristin1x1R - (Renovated)1BR,1BA$2.34
Albion on NorthwestOak (Ad) 1 Bedroom Apartment1BR,1BA$2.40
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$3.02
The Gates of Deer Grove Apartment HomesStudio - 530 sqftStudio ,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.

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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:
Location, Location, Location!

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Frequently Asked Questions about Inverness

What type of rentals are currently available in Inverness?

There are currently 90 Apartments for Rent in Inverness, IL with pricing that ranges from $1,395 to $6,000. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Inverness ranging from $1,495 to $5,800.

What is the current price range for Rental Homes in Inverness?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Inverness ranges from $1,495 to $5,800 with an average monthly rent of $2,918.

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.