
Cheap Homes for Rent in Island Lake, IL from $1,100 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Island Lake.


1326 Ridgeway St
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.

4311 IL-176

37439 N Lake Shore Dr

705 Amanda Ave

707 Amanda Ave

423 Berkshire Dr

760 Larkdale Row

3305 S Woods Ave
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.

320 Crestview Dr

259 Lippincott Ln

31642 TallGrass Ct

4234 Savoy Ln

709 Lake Shore Dr

703 Lake Shore Dr
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.

417 S Cook St
Island Lake, IL Local Guide

How much does it cost to rent a home in Island Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Island Lake 2 Bedroom Homes for Rent | $2,069 | $1,350 | $3,100 |
Island Lake 3 Bedroom Homes for Rent | $2,505 | $1,865 | $3,300 |
Island Lake 4 Bedroom Homes for Rent | $3,213 | $2,300 | $4,600 |
Island Lake 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Top Homes for Rent in Island Lake
Explore Island Lake
Island Lake, IL Local Guide
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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 Timber Oaks (Patriot Oaks) in the Amber Shores neighborhood priced from $1,307. Taylor Place in the Lincoln Hills neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,325. Here is today’s list of the most affordable Island Lake apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Timber Oaks (Patriot Oaks) | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,307 |
Taylor Place | 2br 2ba | 2BR,2BA | $1,325 |
Fawn Ridge Apartments | Summit | 1BR,1BA | $1,460 |
The Blake at Fox River | Ellory Terrace | 1BR,1BA | $1,584 |
Springs at Three Oaks | SGO | Studio Grand Overlook | Studio,1BA | $1,606 |
Best Value Apartments for Rent in Island Lake, IL and Nearby
As of September 18, 2025 the best value apartment in the Island Lake area is the $1.95 price per square foot Willowood Model at Redwood Fox River Grove in the in the Rawson Bridge neighborhood starting from $2,699. The second greatest value Island Lake apartment is the 2/2 Model at Eastbanks of Lake Zurich starting at $2,209 with a $1.76 price per square foot in the Hawthorn Woods Country Club neighborhood. Here is today’s list of the best values for Island Lake apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Redwood Fox River Grove | Willowood | 2BR,2BA | $1.95 |
Eastbanks of Lake Zurich | 2/2 | 2BR,2BA | $1.76 |
Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.42 |
River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.68 |
Haber Pointe Apartments | 2 Br / 2 Ba | 2BR,2BA | $2.09 |
Taylor Place | 2br 2ba | 2BR,2BA | $1.28 |
Residence of Fairway Greens | CB121.5 Two Bed One and One half bath | 2BR,1BA | $1.76 |
Darlington Court Apartments | 2 Bedroom/1.5 Bath | 2BR,1.5BA | $1.66 |
Fawn Ridge Apartments | Summit | 1BR,1BA | $2.04 |
Timber Oaks (Patriot Oaks) | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.09 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Island Lake, IL Rentals by Map
See the most popular apartments and homes in Island Lake, IL
Frequently Asked Questions about Island Lake
What type of rentals are currently available in Island Lake?
There are currently 56 Apartments for Rent in Island Lake, IL with pricing that ranges from $1,100 to $3,867. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Lake ranging from $1,195 to $4,600.
What is the current price range for Rental Homes in Island Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Island Lake ranges from $1,195 to $4,600 with an average monthly rent of $2,386.
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.