Cheap Apartments for Rent near Lake Barrington, IL from $1,235 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Barrington.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Albion on Northwest
Rent Specials
$1,631 - $3,376

Total Monthly Price

Base Rent$1,631 - $3,376
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Albion on Northwest

975 N Sterling AvePalatine, IL 60067
Affordability
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Water's Edge
Rent Specials
$1,915 - $2,848

Total Monthly Price

Base Rent$1,915 - $2,848
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Water's Edge

311 Waters Edge DrCrystal Lake, IL 60014
Family Friendly
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Albion on Lake Cook
Rent Specials
$2,111 - $3,044

Total Monthly Price

Base Rent$2,111 - $3,044
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Albion on Lake Cook

500 E Constitution DrPalatine, IL 60074
Student Living
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Brandy Drive Apartments
Studio to 3 Bedroom Apartments

Brandy Drive Apartments

431-455 Brandy DrCrystal Lake, IL 60014
  • 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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Showing Results 1-41, Page 1 of 1

Lake Barrington, IL Local Guide

Cheapest Available Lake Barrington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Barrington, IL is a 1 Bed unit found at Meadowdale Apartments in the Waterford of Algonquin neighborhood priced from $1,235. Wauconda Park Apartments in the Liberty Lakes - Freedom Series neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Lake Barrington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR, 1BA$1,235
Wauconda Park Apartments1 Bed / 1 Bath1BR, 1BA$1,300
Eden Prairie Apartments1 Bed 1 Bath Ground Level1BR, 1BA$1,425
Darlington Court ApartmentsOne bed One bath1BR, 1BA$1,477
The Church Street Apartments1 Bedroom1BR, 1BA$1,500
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR, 2BA$1,500
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR, 1BA$1,610
Albion on NorthwestOak (As) 1 Bedroom Apartment1BR, 1BA$1,631
Randall VillageThe Chagall1BR, 1BA$1,655
Arrowhead ApartmentsA11BR, 1BA$1,655

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

As of September 22, 2026 the best value apartment in the Lake Barrington area is the $1.47 price per square foot 3 Bedroom Model at The Schoolhouse Apartments in the Arrowhead neighborhood starting from $2,200. The second greatest value Lake Barrington apartment is the Willowood Model at Redwood Crystal Lake in the Arrowhead neighborhood starting at $2,499 with a $1.81 price per square foot. Here is today’s list of the best values for Lake Barrington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Schoolhouse Apartments3 Bedroom3BR, 2BA$1.47
Redwood Crystal LakeWillowood2BR, 2BA$1.81
Albion on Lake CookD1 - 3 Bed, 2 Bath3BR, 2BA$1.96
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR, 2BA$1.25
The Meadows Apartments LakemoorLarkspur2BR, 1BA$1.82
Eastbanks of Lake Zurich1/11BR, 1BA$2.08
The Clayson2 Bedrooms2BR, 1BA$1.91
The Church Street Apartments1 Bedroom1BR, 1BA$1.65
The Residences of Fox MeadowsThe Bluebell1BR, 1BA$1.89
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR, 1BA$1.85

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

Explore Lake Barrington, IL Rentals by Map

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Frequently Asked Questions about Cheap Lake Barrington Apartments

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

The lowest price for a Cheap One Bedroom Lake Barrington Apartment is $1,235 at Meadowdale Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lake Barrington is starting from $1,500 at Wauconda Park Apartments.

What is the most affordable Lake Barrington Three Bedroom Apartment?

The best deal on a cheap Lake Barrington Three Bedroom Apartment rental is at Oakbrook Estates- Senior 55+ Community and starts from $1,500.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.