Cheap Apartments for Rent in Island Lake, IL from $800 (21 Rentals)

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Cotton Creek Apartments
1 to 2 Bedroom Apartments

Cotton Creek Apartments

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

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.

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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.

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Harbor View Apartments
Studio to 1 Bedroom Apartments

Harbor View Apartments

10-14 Rushmore RdFox Lake, IL 60020
Student Housing

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.

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Showing Results 1-21, Page 1 of 1

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 3 Beds unit found at Tuckaway Townhomes in the Lincoln Hills neighborhood priced from $864. Patriot Oaks (FKA Timber Oaks) in the Amber Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,307. Here is today’s list of the most affordable Island Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tuckaway Townhomes3 Bedroom Townhome3BR,2BA$864
Patriot Oaks (FKA Timber Oaks)1 Bedroom 1 Bathroom1BR,1BA$1,307
Coventry Glen Apartments1 Bdrm/1 Bath-3rd FlrV1BR,1BA$1,432
Fawn Ridge ApartmentsHillshire Plus2BR,1BA$1,469
The Blake at Fox RiverEllory Terrace1BR,1BA$1,490

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

As of January 01, 2026 the best value apartment in the Island Lake area is the $0.62 price per square foot 3 Bedroom Townhome Model at Tuckaway Townhomes in the in the Lincoln Hills neighborhood starting from $864. The second greatest value Island Lake apartment is the Willowood Model at Redwood Crystal Lake starting at $2,599 with a $1.88 price per square foot in the Arrowhead 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.
Tuckaway Townhomes3 Bedroom Townhome3BR,2BA$0.62
Redwood Crystal LakeWillowood2BR,2BA$1.88
The Villas At Patriot EstatesOne bedroom/long den1BR,2.5BA$1.42
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.77
Residence of Fairway GreensCB121.5 Two Bed One and One half bath2BR,1.5BA$1.81
Moore Court Apartments2BR/1BA2BR,1BA$1.58
The Woods of Terra SpringsMaple1BR,1BA$1.80
Fawn Ridge ApartmentsHillshire Plus2BR,1BA$1.69
Coventry Glen Apartments1 Bdrm/1 Bath-3rd FlrV1BR,1BA$1.83

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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Pet Friendly Lifestyle

Ranked #

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Island Lake, IL Rentals by Map

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Frequently Asked Questions about Cheap Island Lake Apartments

What is the Cheapest Studio apartment in Island Lake?

Currently the most affordable Cheap Studio Apartment in Island Lake is at Springs at Three Oaks listed at $1,759.

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

The lowest price for a Cheap One Bedroom Island Lake Apartment is $1,307 at Patriot Oaks (FKA Timber Oaks).

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 $1,469 at Fawn Ridge Apartments.

What is the most affordable Island Lake Three Bedroom Apartment?

The best deal on a cheap Island Lake Three Bedroom Apartment rental is at Tuckaway Townhomes and starts from $864.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!