Cheap Homes for Rent in Inverness, IL from $1,200 (15 Rentals)

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

property at 1 Renaissance Pl

$1,500 - $2,220

Studio To 2 Bedroom Rentals

Available Now

1 Renaissance Pl

PalatineIL60067
property at 304 N Carter St

$1,575

Total Monthly Price

Total Monthly Price

Base Rent
$1,575

Total Monthly Price
$1,575

1 Bedroom, 1 Bath Condo for Rent

Available Now

304 N Carter St, Unit 104

304 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 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

PalatineIL60067

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.

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.

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 Albion on Northwest in the Cherrybrook Village neighborhood priced from $1,516. 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
Albion on NorthwestOak (A) 1 Bedroom Apartment1BR,1BA$1,516
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$1,565
21 Kristin1x1R - (Renovated)1BR,1BA$1,649
The Lakes of Schaumburg Apartment HomesOne Bedroom1BR,1BA$1,650
Remington Place ApartmentsAzalea1BR,1BA$1,662

Best Value Apartments for Rent in Inverness, IL and Nearby

As of February 28, 2026 the best value apartment in the Inverness area is the $2.25 price per square foot 3x2R - (Renovated) Model at 21 Kristin in the in the Far Northwest Suburban Cook neighborhood starting from $2,809. The second greatest value Inverness apartment is the B1 - Two Bedroom Model at North 680 starting at $2,778 with a $2.46 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 ListingModel NameBed/BathPrice Per Sq.Ft.
21 Kristin3x2R - (Renovated)3BR,2BA$2.25
North 680B1 - Two Bedroom2BR,2BA$2.46
The Quin2 Beds / 2 Baths2BR,2BA$2.57
441 N Eric Dr, Unit 3A441 N Eric Dr2BR,2BA$1.80
The Clayson2 Bedrooms2BR,1BA$1.87
The Lakes of Schaumburg Apartment HomesTwo Bedroom2BR,2BA$2.36
The Gates of Deer Grove Apartment HomesTwo Bedroom- 875 sqft2BR,1BA$2.25
116 W Wood St, Unit 1E116 W Wood St2BR,1BA$1.97
Albion on NorthwestOak (Ah) 1 Bedroom Apartment1BR,1BA$2.46
Remington Place ApartmentsAzalea Deluxe1BR,1BA$2.84

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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The 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.

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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.

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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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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 94 Apartments for Rent in Inverness, IL with pricing that ranges from $1,226 to $6,000. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Inverness ranging from $1,285 to $3,700.

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 $1,285 to $3,700 with an average monthly rent of $2,554.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.