Cheap Homes for Rent in Inverness, IL from $1,200 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in Inverness.

property at 1 Renaissance Pl

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

Studio, 1 Bath Condo for Rent

Available Jul 1

1 Renaissance Pl, Unit 808

1 Renaissance Pl
PalatineIL60067
property at 1 Renaissance Pl

$1,200 - $2,100

Studio To 2 Bedroom Rentals

Available Now

1 Renaissance Pl

PalatineIL60067

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.

property at 444 Osage Ln

$1,650

2 Bedroom Rentals

Available Now

444 Osage Ln

PalatineIL60074
property at 337 N Carter St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

1 Bedroom, 1 Bath Condo for Rent

Available Now

337 N Carter St, Unit 202

337 N Carter St
PalatineIL60067

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.

property at 920 Casey Ct

$1,800

2 Bedroom Rentals

Available Now

920 Casey Ct

SchaumburgIL60173

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 $1,467. 21 Kristin in the Far Northwest Suburban Cook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,469. Here is today’s list of the most affordable Inverness apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Clayson1 Bedroom1BR,1BA$1,467
21 Kristin1x1R - (Renovated)1BR,1BA$1,469
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$1,630

Best Value Apartments for Rent in Inverness, IL and Nearby

As of June 05, 2026 the best value apartment in the Inverness area is the $2.16 price per square foot 3x2R - (Renovated) Model at 21 Kristin in the in the Far Northwest Suburban Cook neighborhood starting from $2,699. The second greatest value Inverness apartment is the Lily Deluxe (Inside) Model at Remington Place Apartments starting at $2,435 with a $2.25 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.
21 Kristin3x2R - (Renovated)3BR,2BA$2.16
Remington Place ApartmentsLily Deluxe (Inside)2BR,2BA$2.25
441 N Eric Dr, Unit 3A441 N Eric Dr2BR,2BA$1.80
425 N Eric Dr, Unit 3A425 N Eric Dr2BR,2BA$1.80
116 W Wood St, Unit 2E116 W Wood St2BR,2BA$1.94
158 N Brockway St, Unit 1B158 N Brockway St1BR,1BA$1.66
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$2.20
The Clayson1 Bedroom1BR,1BA$2.10
104 N Hager Ave, Unit 2nd Floor104 N Hager Ave2BR,1BA$2.07
502 W Main St, Unit 502 W Main Street - 1st Floor502 W Main St1BR,1BA$2.14

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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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 97 Apartments for Rent in Inverness, IL with pricing that ranges from $1,450 to $6,000. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Inverness ranging from $1,200 to $4,500.

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 $1,200 to $4,500 with an average monthly rent of $2,733.

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

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.