
Cheap Apartments for Rent in the Lakelawn Neighborhood of Joliet, IL from $300 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakelawn area of Joliet.


Stone Falls

Larkin Village

Senior Suites of Joliet
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.

Marycrest Village

Oneida West Manor

Riverwest Apartments

Historic Louis Joliet Apartments
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.
Lakelawn, Joliet, IL Local Guide

How much does it cost to rent an apartment in Lakelawn?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakelawn Studio Apartments | $1,202 | $895 | $1,393 |
| Lakelawn 1 Bedroom Apartments | $1,609 | $949 | $2,969 |
| Lakelawn 2 Bedroom Apartments | $1,761 | $1,150 | $2,670 |
| Lakelawn 3 Bedroom Apartments | $1,727 | $1,295 | $2,310 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Lakelawn Neighborhood of Joliet, IL.
See all Apartments in JolietExplore Joliet
Lakelawn, Joliet, IL Local Guide
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Cheapest Available Lakelawn Apartments for Rent
 The cheapest available apartment rental in the Lakelawn area of Chicago, IL is a 1 Bed unit found at Stone Falls priced from $949. Bays Tower Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Lakelawn apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stone Falls | One Bedroom, Base Package | 1BR,1BA | $949 |
| Bays Tower Apartments | Studio | 1BR,1BA | $1,250 |
| The Birches | 1s | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Lakelawn, IL
As of March 14, 2026 the best value apartment in the Lakelawn area is the $0.91 price per square foot 511 W Jefferson St Model at 511 W Jefferson St, Unit 3 in the in the Sunset Point neighborhood starting from $1,295. The second greatest value Lakelawn apartment is the Two Bedroom, Luxury Package Model at Stone Falls starting at $1,259 with a $1.38 price per square foot in the Sunset Point neighborhood. Here is today’s list of the best values for Lakelawn apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 511 W Jefferson St, Unit 3 | 511 W Jefferson St | 3BR,1BA | $0.91 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $2.27 |
| The Woodlands of Crest Hill | Cypress 2 | 1BR,1BA | $2.21 |
| The Birches | 1s | 1BR,1BA | $2.74 |
| Bays Tower Apartments | Studio | 1BR,1BA | $3.25 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in Lakelawn, Joliet, IL
Joliet West High School
School data provided by Great Schools
Lifestyle Ratings
This website works hard to bring you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across Illinois including Lakelawn, Joliet, and the greater Chicago area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, features that make it easier to raise kids, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Lakelawn Apartments
What is the price of a cheap apartment in Lakelawn?
The cheapest apartment in Lakelawn is Stone Falls which is listed at $949, while the average apartment in Lakelawn costs $1,605.
What types of apartments are the cheapest in Lakelawn?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Lakelawn that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

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.

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.

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.

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.