Cheap Apartments for Rent in Lake Bluff, IL from $1,200 (30 Rentals)

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

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615 Sheridan Rd
Studio to 1 Bedroom Apartments

615 Sheridan Rd

615 Sheridan RdLake Bluff, IL 60044
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525 W Washington Ave
Studio to 2 Bedroom Apartments

525 W Washington Ave

525 W Washington AveLake Bluff, IL 60044

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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1435 Hervey Ave
2 Bedroom Apartments

1435 Hervey Ave

1435 Hervey AveNorth Chicago, IL 60064
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723 N McKinley Rd
3 Bedroom Apartments

723 N McKinley Rd

723 N McKinley RdLake Forest, IL 60045
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2417 Sherman Ave
1 to 2 Bedroom Apartments

2417 Sherman Ave

2417 Sherman AveAbbott Park, IL 60064
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105 E Laurel Ave
Studio Apartments

105 E Laurel Ave

105 E Laurel AveLake Forest, IL 60045
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2300 Barrett Ct
1 to 4 Bedroom Apartments

2300 Barrett Ct

2300 Barrett CtNorth Chicago, IL 60064

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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927-941 Broadway Ave
Studio to 2 Bedroom Apartments

927-941 Broadway Ave

927-941 Broadway AveNorth Chicago, IL 60064
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Sheridan Apartments
Studio to 1 Bedroom Apartments

Sheridan Apartments

1610 Sheridan RdNorth Chicago, IL 60064
  • Utilities Included
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704 Cherry Ave
Studio Apartments

704 Cherry Ave

704 Cherry AveLake Forest, IL 60045
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2413 Sherman Ave
1 to 2 Bedroom Apartments

2413 Sherman Ave

2413 Sherman AveAbbott Park, IL 60064
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269 E Woodland Rd
Studio Apartments

269 E Woodland Rd

269 E Woodland RdLake Forest, IL 60045
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1548 Kristan Ave
1 Bedroom Apartments

1548 Kristan Ave

1548 Kristan AveNorth Chicago, IL 60064
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1911 Sherman Ave
2 to 3 Bedroom Apartments

1911 Sherman Ave

1911 Sherman AveNorth Chicago, IL 60064

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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2400 24th Pl
1 to 2 Bedroom Apartments

2400 24th Pl

2400 24th PlNorth Chicago, IL 60064
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Prairie View Apartments
1 to 3 Bedroom Apartments

Prairie View Apartments

1 Prairie View CtNorth Chicago, IL 60064
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1123 Broadway Ave
1 to 2 Bedroom Apartments

1123 Broadway Ave

1123 Broadway AveNorth Chicago, IL 60064
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1111 Broadway Ave
1 to 2 Bedroom Apartments

1111 Broadway Ave

1111 Broadway AveNorth Chicago, IL 60064

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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1117 Broadway Ave
1 to 2 Bedroom Apartments

1117 Broadway Ave

1117 Broadway AveNorth Chicago, IL 60064
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1635 Hervey Ave
1 Bedroom Apartments

1635 Hervey Ave

1635 Hervey AveNorth Chicago, IL 60064
  • Utilities Included

Lake Bluff, IL Local Guide

Cheapest Neighborhoods for Apartments in Lake Bluff, IL

Pricing Updated: 09/17/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Village of Lake Bluff$1,962$1,45012

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 ListingModel NameBed/BathPriced From
The Oaks of Lake BluffTwo Bedroom2BR, 1BA$1,625
Terrace Oaks Apartments2 Bedroom2BR, 1BA$1,650
Forest Pointe ApartmentsA21BR, 1BA$1,906
Deer Valley ApartmentsOne Bedroom1BR, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Terrace Oaks Apartments2 Bedroom2BR, 1.5BA$1.83
The Oaks of Lake BluffTwo Bedroom2BR, 1BA$1.81
Deer Valley ApartmentsOne Bedroom1BR, 1BA$2.64
Forest Pointe ApartmentsA21BR, 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.

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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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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!

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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

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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.