
Cheap Apartments for Rent in Lake Bluff, IL from $1,200 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Bluff.


Terrace Oaks Apartments

The Oaks of Lake Bluff

Forest Pointe Apartments

615 Sheridan Rd

29123 N Waukegan Rd

525 W Washington Ave
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.

1435 Hervey Ave

723 N McKinley Rd

Lake Forest Place Senior Apartments

The Woodlands on Green Bay

2417 Sherman Ave

105 E Laurel Ave

2300 Barrett Ct
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.

927-941 Broadway Ave

Sheridan Apartments

704 Cherry Ave

2413 Sherman Ave

269 E Woodland Rd

1548 Kristan Ave

1911 Sherman Ave
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.

2400 24th Pl

Great Lakes Family Housing

Apartment Homes at Kelmscott Park

Sheridan Multi-Family Complex

Prairie View Apartments

1123 Broadway Ave

1111 Broadway Ave
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.

1117 Broadway Ave

1635 Hervey Ave
Lake Bluff, IL Local Guide

How much does it cost to rent an apartment in Lake Bluff?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lake Bluff 1 Bedroom Apartments | $1,917 | $1,450 | $2,248 |
| Cheap Lake Bluff 2 Bedroom Apartments | $2,214 | $1,200 | $2,602 |
Browse Top Apartments in Lake Bluff
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Lake Bluff, IL Local Guide
- Lake Bluff Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Lake Bluff, IL
Pricing Updated: 09/17/2026Current apartment rentals in the Lake Bluff, IL area range in price from $1,450 to $2,602 with an overall median price of $1,962. Here is today’s list neighborhoods with the lowest median pricing for Lake Bluff Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Village of Lake Bluff | $1,962 | $1,450 | 12 |
Cheapest Available Lake Bluff Apartments for Rent
 The cheapest available apartment rental in Lake Bluff, IL is a 2 Beds unit found at The Oaks of Lake Bluff in the Downtown Lake Forest neighborhood priced from $1,625. Terrace Oaks Apartments in the Downtown Lake Forest neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,650. Here is today’s list of the most affordable Lake Bluff apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Oaks of Lake Bluff | Two Bedroom | 2BR, 1BA | $1,625 |
| Terrace Oaks Apartments | 2 Bedroom | 2BR, 1BA | $1,650 |
| Forest Pointe Apartments | A2 | 1BR, 1BA | $1,906 |
| Deer Valley Apartments | One Bedroom | 1BR, 1BA | $1,913 |
Best Value Apartments for Rent in Lake Bluff, IL
As of September 17, 2026 the best value apartment in the Lake Bluff area is the $1.83 price per square foot 2 Bedroom Model at Terrace Oaks Apartments in the Downtown Lake Forest neighborhood starting from $1,650. The second greatest value Lake Bluff apartment is the Two Bedroom Model at The Oaks of Lake Bluff in the Downtown Lake Forest neighborhood starting at $1,625 with a $1.81 price per square foot. Here is today’s list of the best values for Lake Bluff apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Terrace Oaks Apartments | 2 Bedroom | 2BR, 1.5BA | $1.83 |
| The Oaks of Lake Bluff | Two Bedroom | 2BR, 1BA | $1.81 |
| Deer Valley Apartments | One Bedroom | 1BR, 1BA | $2.64 |
| Forest Pointe Apartments | A2 | 1BR, 1BA | $2.67 |
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 ArticleNavigating 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.
Read ArticleReal 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Bluff, IL Rentals by Map
See the most popular apartments and homes in Lake Bluff, IL
Frequently Asked Questions about Cheap Lake Bluff Apartments
How much is rent for a Cheap One Bedroom Lake Bluff Apartment?
The lowest price for a Cheap One Bedroom Lake Bluff Apartment is $1,906 at Forest Pointe Apartments.
What is the lowest price for a Cheap Two Bedroom Lake Bluff Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake Bluff is starting from $1,625 at The Oaks of Lake Bluff.
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

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.

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.

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.

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.