Cheap Apartments for Rent in Island Lake, IL from $900 (21 Rentals)

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Cotton Creek Apartments
2 Bedroom Apartments

Cotton Creek Apartments

517-525 E Burnett RdIsland Lake, IL 60042
  • Utilities Included

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Island Lake, IL Local Guide

Cheapest Available Island Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Island Lake, IL is a 1 Bed unit found at Wauconda Park Apartments in the Liberty Lakes - Freedom Series neighborhood priced from $1,200. Timber Oaks (Patriot Oaks) in the Amber Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,240. Here is today’s list of the most affordable Island Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wauconda Park Apartments1 bed/1 bath1BR,1BA$1,200
Timber Oaks (Patriot Oaks)1 Bedroom 1 Bathroom1BR,1BA$1,240
Moore Court Apartments1BR/1BA1BR,1BA$1,300
The Church Street Apartments1 Bedroom1BR,1BA$1,300
Taylor Place2br 2ba2BR,2BA$1,325

Best Value Apartments for Rent in Island Lake, IL and Nearby

As of June 12, 2025 the best value apartment in the Island Lake area is the $1.79 price per square foot Haydenwood Sunroom Model at Redwood Volo in the in the Liberty Lakes - Freedom Series neighborhood starting from $2,899. The second greatest value Island Lake apartment is the Willowood Model at Redwood Crystal Lake starting at $2,499 with a $1.81 price per square foot in the Park Place neighborhood. Here is today’s list of the best values for Island Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Redwood VoloHaydenwood Sunroom2BR,2BA$1.79
Redwood Crystal LakeWillowood2BR,2BA$1.81
The Blake at Fox RiverHuxleyStudio ,1BA$1.73
Eastbanks of Lake Zurich2/22BR,2BA$1.77
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
Coventry Glen Apartments2 Bdrm/2 Bath-1st FlrS2BR,2BA$1.62
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.68
Taylor Place2br 2ba2BR,2BA$1.28
The Church Street Apartments1 Bedroom1BR,1BA$1.69
Timber Oaks (Patriot Oaks)1 Bedroom 1 Bathroom1BR,1BA$1.72

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Pet Friendly Lifestyle

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Remember the 3 Rules of Real Estate:
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Explore Island Lake, IL Rentals by Map

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See the most popular apartments and homes in Island Lake, IL

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Getting Around Island Lake, IL

Walk Score®

37 / 100

Car-Dependent

Most errands require a car

Bike Score®

34 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Island Lake Apartments

How much is rent for a Cheap One Bedroom Island Lake Apartment?

The lowest price for a Cheap One Bedroom Island Lake Apartment is $1,200 at Wauconda Park Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Island Lake is starting from $1,325 at Taylor Place.

What is the most affordable Island Lake Three Bedroom Apartment?

The best deal on a cheap Island Lake Three Bedroom Apartment rental is at Taylor Place and starts from $1,505.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.