
Cheap Homes for Rent in Lake Bluff, IL from $1,300 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Bluff.


711 S Milwaukee Ave

1801 Victoria Ave

1225 Jackson St

1015 18th St
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.

218 Washington St

520 N Milwaukee Ave

2506 24th Pl

3317 Stratford Ct, Unit 1E

207 W Park Ave
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.

130 Fourth St
Lake Bluff, IL Local Guide

How much does it cost to rent a home in Lake Bluff?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Bluff 2 Bedroom Homes for Rent | $2,574 | $1,300 | $4,700 |
| Lake Bluff 3 Bedroom Homes for Rent | $3,505 | $1,795 | $6,000 |
| Lake Bluff 4 Bedroom Homes for Rent | $5,932 | $3,895 | $9,000 |
| Lake Bluff 5 Bedroom Homes for Rent | $8,225 | $3,300 | $10,000+ |
| Lake Bluff 7 Bedroom Homes for Rent | $25,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Lake Bluff
Explore Lake Bluff
Lake Bluff, IL Local Guide
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Cheapest Neighborhoods for Apartments in Lake Bluff, IL
Pricing Updated: 09/12/2026Current apartment rentals in the Lake Bluff, IL area range in price from $1,450 to $2,602 with an overall median price of $2,000. 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 | $2,000 | $1,450 | 11 |
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 |
| Deer Valley Apartments | One Bedroom | 1BR,1BA | $1,913 |
| Forest Pointe Apartments | A2 | 1BR,1BA | $1,929 |
Best Value Apartments for Rent in Lake Bluff, IL
As of September 12, 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 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 starting at $1,625 with a $1.81 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. |
|---|---|---|---|
| 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 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 $1,200 to $2,602. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Bluff ranging from $1,300 to $25,000.
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 $1,300 to $25,000 with an average monthly rent of $4,406.
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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.