
Cheap Homes for Rent in Island Lake, IL from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Island Lake.


4402 W Shamrock Ln

4301 W Shamrock Ln

33 E Main St
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.

4311 IL-176

707 Amanda Ave

1620 S River Rd

100 Clubhouse Ln
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.
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 | $2,012 | $675 | $2,900 |
Island Lake 3 Bedroom Homes for Rent | $2,418 | $1,800 | $3,500 |
Island Lake 4 Bedroom Homes for Rent | $2,928 | $2,790 | $3,200 |
Island Lake 5 Bedroom Homes for Rent | $6,348 | $3,000 | $10,000+ |
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. Fawn Ridge Apartments in the Lincoln Hills neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,308. 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 |
Fawn Ridge Apartments | Hillshire | 2BR,1BA | $1,308 |
Coventry Glen Apartments | 1 Bdrm/1 Bath-2nd FlrH | 1BR,1BA | $1,363 |
Best Value Apartments for Rent in Island Lake, IL and Nearby
As of August 03, 2025 the best value apartment in the Island Lake area is the $1.20 price per square foot 1 Bedroom Model at The Church Street Apartments in the in the Park Place neighborhood starting from $1,800. The second greatest value Island Lake apartment is the 3 Bedroom Model at The Schoolhouse Apartments starting at $1,999 with a $1.33 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1.20 |
The Schoolhouse Apartments | 3 Bedroom | 3BR,2BA | $1.33 |
Eastbanks of Lake Zurich | 2/2 | 2BR,2BA | $1.77 |
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 |
Residence of Fairway Greens | CB121.5 Two Bed One and One half bath | 2BR,1BA | $1.90 |
Crystal Lake Apartments | 2 Bedroom Townhome with Firepl | 2BR,1BA | $1.96 |
Wauconda Park Apartments | 2 bed / 1 bath | 2BR,1BA | $1.67 |
Randall Village | The Monet | 1BR,1BA | $1.97 |
Coventry Glen Apartments | 1 Bdrm/1 Bath-2nd FlrH | 1BR,1BA | $1.92 |
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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 $3,843. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Lake ranging from $675 to $13,000.
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 $675 to $13,000 with an average monthly rent of $3,064.
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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.