Cheap Homes for Rent in Lake Bluff, IL from $1,000 (7 Rentals)

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property at 714 Helmholz Ave

714 Helmholz Ave

WaukeganIL60085

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.

Lake Bluff, IL Local Guide

Cheapest Neighborhoods for Apartments in Lake Bluff, IL

Pricing Updated: 11/10/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Village of Lake Bluff$2,040$1,1504

Cheapest Available Lake Bluff Apartments for Rent and Nearby

 

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 ListingModel NameBed/BathPriced From
The Oaks of Lake BluffSmall Two Bedroom2BR,1BA$1,495
Terrace Oaks Apartments2 Bedroom2BR,1BA$1,595
Deer Valley ApartmentsOne BR Premium Renovation1BR,1BA$1,940

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

As of November 10, 2025 the best value apartment in the Lake Bluff area is the $1.77 price per square foot 2 Bedroom Model at Terrace Oaks Apartments in the in the Downtown Lake Forest neighborhood starting from $1,595. The second greatest value Lake Bluff apartment is the Small Two Bedroom Model at The Oaks of Lake Bluff starting at $1,495 with a $1.87 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Terrace Oaks Apartments2 Bedroom2BR,1.5BA$1.77
The Oaks of Lake BluffSmall Two Bedroom2BR,1BA$1.87
Deer Valley ApartmentsOne BR Premium Renovation1BR,1BA$2.68

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The 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.

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

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Frequently Asked Questions about Lake Bluff

What type of rentals are currently available in Lake Bluff?

There are currently 62 Apartments for Rent in Lake Bluff, IL with pricing that ranges from $1,150 to $2,826. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Bluff ranging from $1,000 to $12,000.

What is the current price range for Rental Homes in Lake Bluff?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Bluff ranges from $1,000 to $12,000 with an average monthly rent of $4,788.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.