Cheap Apartments for Rent in Lake County, IL from $400 (134 Rentals)

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

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.

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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.

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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.

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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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Cheapest Available Lake County Apartments for Rent

 

The cheapest available apartment rental in Lake County, IL is a 1 Bed unit found at CASA Apartments - Waukegan in the North Waukegan neighborhood priced from $750. Sunset Village in the North Waukegan neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Lake County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CASA Apartments - Waukegan1 Bdrm1BR,1BA$750
Sunset Village1BR/1.0BA1BR,1BA$900
Country Chalet Apartments1 Bed 1 Bath*1BR,1BA$1,080
Kings Court Apartments1 bd1BR,1BA$1,150
Heritage Green1BR/1BA1BR,1BA$1,150
Linden Flats Apartments2 BR- 1 BTH2BR,1BA$1,150
Timber Oaks (Patriot Oaks)1 Bedroom 1 Bathroom1BR,1BA$1,175
Wauconda Park Apartments1 bed/1 bath1BR,1BA$1,200
Woodstone Village Apartments1x1 6951BR,1BA$1,200
10 N Sheridan Rd.1BR/1.0BA1BR,1BA$1,200

Best Value Apartments for Rent in Lake County, IL

As of June 18, 2025 the best value apartment in the Lake County area is the $1.04 price per square foot 2409 Gilboa Ave Model at 2409 Gilboa Ave, Unit 1 in the in the Shepherds Crossing neighborhood starting from $2,500. The second greatest value Lake County apartment is the 807 Euclid Ct Model at 807 Euclid Ct, Unit 1 starting at $2,200 with a $1.05 price per square foot in the Fort Sheridan neighborhood. Here is today’s list of the best values for Lake County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2409 Gilboa Ave, Unit 12409 Gilboa Ave4BR,1.5BA$1.04
807 Euclid Ct, Unit 1807 Euclid Ct3BR,1.5BA$1.05
708 N County St, Unit Martinez apartments708 N County St2BR,1BA$0.83
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.48
Kings Court Apartments1 bd1BR,1BA$1.44
Linden Flats Apartments2 BR- 1 BTH2BR,1BA$1.48
Heritage Green1BR/1BA1BR,1BA$1.53
Country Chalet Apartments1 Bed 1 Bath*1BR,1BA$1.44
Sunset Village1BR/1.0BA1BR,1BA$1.50
CASA Apartments - Waukegan1 Bdrm1BR,1BA$1.25

Frequently Asked Questions about Cheap Lake County Apartments

What is the Cheapest Studio apartment in Lake County?

Currently the most affordable Cheap Studio Apartment in Lake County is at Park Butterfield Apartments listed at $1,351.

How much is rent for a Cheap One Bedroom Lake County Apartment?

The lowest price for a Cheap One Bedroom Lake County Apartment is $750 at CASA Apartments - Waukegan.

What is the lowest price for a Cheap Two Bedroom Lake County Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake County is starting from $1,150 at Linden Flats Apartments.

What is the most affordable Lake County Three Bedroom Apartment?

The best deal on a cheap Lake County Three Bedroom Apartment rental is at The MilTon Luxury Apartments and starts from $3,037.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.