
Cheap Apartments for Rent in Lake Bluff, IL from $1,100 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Bluff.


The Oaks of Lake Bluff

Terrace Oaks Apartments

Deer Valley Apartments
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.
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.
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.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,788 | $1,385 | $1,909 |
| Cheap Lake Bluff 2 Bedroom Apartments | $2,111 | $1,495 | $2,660 |
Browse Top Apartments in Lake Bluff
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Lake Bluff, IL Local Guide
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Cheapest Neighborhoods for Apartments in Lake Bluff, IL
Pricing Updated: 12/25/2025Current apartment rentals in the Lake Bluff, IL area range in price from to with an overall median price of . 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 | $2,040 | $1,385 | 15 |
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 $1,495. Terrace Oaks Apartments in the Downtown Lake Forest neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,595. 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 | Small Two Bedroom | 2BR,1BA | $1,495 |
| Terrace Oaks Apartments | 2 Bedroom | 2BR,1BA | $1,595 |
| Forest Pointe | Two Bedroom, Two Bath (C2) | 2BR,2BA | $1,830 |
| Deer Valley Apartments | One BR Premium Renovation | 1BR,1BA | $1,909 |
Best Value Apartments for Rent in Lake Bluff, IL
As of December 26, 2025 the best value apartment in the Lake Bluff area is the $1.81 price per square foot Two Bedroom, Two Bath (C2) Model at Forest Pointe in the in the Downtown Lake Forest neighborhood starting from $1,830. The second greatest value Lake Bluff apartment is the 2 Bedroom Model at Terrace Oaks Apartments starting at $1,595 with a $1.77 price per square foot in the Downtown Lake Forest neighborhood. 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. |
|---|---|---|---|
| Forest Pointe | Two Bedroom, Two Bath (C2) | 2BR,2BA | $1.81 |
| Terrace Oaks Apartments | 2 Bedroom | 2BR,1.5BA | $1.77 |
| The Oaks of Lake Bluff | Small Two Bedroom | 2BR,1BA | $1.87 |
| Deer Valley Apartments | One BR Premium Renovation | 1BR,1BA | $2.63 |
| 869 N McKinley Rd, Unit Unit 2 | 869 N McKinley Rd | 2BR,1BA | $2.86 |
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.
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
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 $1,495 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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!























