Cheap Homes for Rent in Inverness, IL from $1,500 (23 Rentals)
Search the lowest-cost Homes available for rent right now in Inverness.

268 N Carter St

1 Renaissance Pl

211 N Bothwell St

901 Buccaneer Dr

1001 Buccaneer Dr

525 N Quentin Rd
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.

525 N Quentin Rd

525 N Quentin Rd

525 N Quentin Rd

700 E Algonquin Rd

75 Kristin Cir

440 W Mahogany Ct

130 Crestwood Ct
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

929 Buccaneer Dr

3900 Bayside Dr

1255 N Sterling Ave

128 Grant St

690 E Algonquin Rd

649 Trace Dr

870 Trace Dr
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.

929 Buccaneer Dr, Unit Apt 1

520 Shorely Dr
Inverness, IL Local Guide

How much does it cost to rent a home in Inverness?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Inverness 2 Bedroom Homes for Rent | $2,155 | $1,750 | $2,549 |
| Inverness 3 Bedroom Homes for Rent | $3,045 | $1,995 | $4,500 |
| Inverness 4 Bedroom Homes for Rent | $3,765 | $3,399 | $4,500 |
| Inverness 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Top Homes for Rent in Inverness
Explore Inverness
Inverness, IL Local Guide
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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 $1,430. Albion on Northwest in the Cherrybrook Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,500. Here is today’s list of the most affordable Inverness apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Clayson | 1 Bedroom | 1BR,1BA | $1,430 |
| Albion on Northwest | Oak (A) | 1BR,1BA | $1,500 |
| The Gates of Deer Grove Apartment Homes | One Bedroom - 740 sqft | 1BR,1BA | $1,600 |
| 21 Kristin | 1x1R - (Renovated) | 1BR,1BA | $1,619 |
| The Treehouse of Schaumburg | 1 Bedroom | 1BR,1BA | $1,700 |
Best Value Apartments for Rent in Inverness, IL and Nearby
As of November 02, 2025 the best value apartment in the Inverness area is the $1.54 price per square foot 340 W Johnson St Model at 340 W Johnson St, Unit Apt. 2 in the in the Pleasant Hill neighborhood starting from $1,690. The second greatest value Inverness apartment is the 116 W Wood St Model at 116 W Wood St, Unit 3 - Penthouse starting at $1,900 with a $1.90 price per square foot in the Pleasant Hill neighborhood. Here is today’s list of the best values for Inverness apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 340 W Johnson St, Unit Apt. 2 | 340 W Johnson St | 2BR,1.5BA | $1.54 |
| 116 W Wood St, Unit 3 - Penthouse | 116 W Wood St | 2BR,2BA | $1.90 |
| HIGHPOINT Barrington | 1 Bed 1 Bath + Den | 1BR,1BA | $2.24 |
| 158 N Brockway St, Unit 1A | 158 N Brockway St | 1BR,1BA | $1.61 |
| The Gates of Deer Grove Apartment Homes | Two Bedroom- 875 sqft | 2BR,1BA | $2.43 |
| 21 Kristin | 1x1R - (Renovated) | 1BR,1BA | $2.13 |
| Albion on Northwest | Oak (Ah) | 1BR,1BA | $2.44 |
| The Treehouse of Schaumburg | 1 Bedroom | 1BR,1BA | $2.35 |
| The Lakes of Schaumburg Apartment Homes | One Bedroom | 1BR,1BA | $2.42 |
| The Clayson | 1 Bedroom | 1BR,1BA | $2.04 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 Inverness, IL Rentals by Map
See the most popular apartments and homes in Inverness, IL
Frequently Asked Questions about Inverness
What type of rentals are currently available in Inverness?
There are currently 91 Apartments for Rent in Inverness, IL with pricing that ranges from $1,404 to $6,000. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Inverness ranging from $1,595 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 $1,595 to $4,500 with an average monthly rent of $2,808.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
