Cheap Apartments for Rent in Lake Barrington, IL from $900 (43 Rentals)

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

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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Albion on Northwest
Rent Specials
$1,533 - $2,413
Total Monthly Price

Total Monthly Price

Base Rent
$1,533 - $2,413
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Albion on Northwest

975 N Sterling AvePalatine, IL 60067
  • Verified
  • Customer Reviewed
  • Low Income

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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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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Albion on Lake Cook
Rent Specials
$2,082 - $2,764
Total Monthly Price

Total Monthly Price

Base Rent
$2,082 - $2,764
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Albion on Lake Cook

500 E Constitution DrPalatine, IL 60074
Student Living
  • Verified
  • Customer Reviewed
  • 3D Tour

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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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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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 Wauconda Park Apartments in the Liberty Lakes - Freedom Series neighborhood priced from $1,200. Meadowdale Apartments in the Waterford of Algonquin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,235. Here is today’s list of the most affordable Lake Barrington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wauconda Park Apartments1 Bed / 1 Bath1BR,1BA$1,200
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR,1BA$1,235
The Clayson1 Bedroom1BR,1BA$1,473
Albion on NorthwestOak (A) 1 Bedroom Apartment1BR,1BA$1,533
Stone Edge Apartments2 Bed 2 Bath2BR,2BA$1,550
Eden Prairie Apartments2 Bed 1 Bath B Level 32BR,1BA$1,575
Arrowhead ApartmentsA11BR,1BA$1,595
Crystal Lake Apartments1 Bedroom1BR,1BA$1,635
Springs at Three Oaks1GC | 1 BR Grand Courtyard1BR,1BA$1,643

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

As of May 08, 2026 the best value apartment in the Lake Barrington area is the $1.67 price per square foot 3 Bedroom Model at The Schoolhouse Apartments in the in the Arrowhead neighborhood starting from $2,500. The second greatest value Lake Barrington apartment is the D1 - 3 Bed, 2 Bath Model at Albion on Lake Cook starting at $2,632 with a $1.96 price per square foot in the Cherrybrook Village neighborhood. 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$1.67
Albion on Lake CookD1 - 3 Bed, 2 Bath3BR,2BA$1.96
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
Stone Edge Apartments2 Bed 2 Bath2BR,2BA$1.41
118 Harding Ave, Unit Second Floor118 Harding Ave3BR,1BA$1.95
Darlington Court ApartmentsTwo Bedroom/ One and 1/2 Bath2BR,1.5BA$1.80
Eden Prairie Apartments2 Bed 1 Bath A Renovated Level 22BR,1BA$2.02
112 Wallace Dr, Unit 112 Wallace112 Wallace Dr1BR,1BA$1.93
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR,1BA$1.85
Wauconda Park Apartments1 Bed / 1 Bath1BR,1BA$2.00

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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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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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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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 $1,200 at Wauconda Park 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 $1,450 at Meadowdale 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 $1,700.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.