Cheap Apartments for Rent in Lake County, IL from $400 (128 Rentals)

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

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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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.

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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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Cheapest Available Lake County Apartments for Rent

 

The cheapest available apartment rental in Lake County, IL is a Studio unit found at CASA Apartments - Waukegan in the North Waukegan neighborhood priced from $675. 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 - WaukeganStudioStudio,1BA$675
Sunset Village1BR/1.0BA1BR,1BA$900
Cinnamon Lake TowersStudioStudio,1BA$1,025
Harbor LakeThe MinnowStudio,1BA$1,030
Kings Court Apartments1 bd1BR,1BA$1,150
Briarwood Apartments1BR/1BA1BR,1BA$1,175
Woodstone Village Apartments1x1 6951BR,1BA$1,200
Linden Flats Apartments1 BR/1 BTH1BR,1BA$1,235
Rosewood Round Lake2 Bedroom2BR,1BA$1,244

Best Value Apartments for Rent in Lake County, IL

As of April 23, 2026 the best value apartment in the Lake County area is the $1.52 price per square foot 2 Beds, 2 baths Model at West Harbor Residences at Reva Bay in the in the Amber Shores neighborhood starting from $1,900. The second greatest value Lake County apartment is the Two Bedroom Model at Lakeview Terrace Apartments starting at $1,400 with a $1.37 price per square foot in the Grant's Grove 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.
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.52
Lakeview Terrace ApartmentsTwo Bedroom2BR,1.5BA$1.37
Fox CrestFox Run2BR,1.5BA$1.56
Grays Pointe Apartments2 Bedroom Platinum2BR,1.5BA$1.56
Country Chalet Apartments2 Bed 1 Bath Renovated2BR,1BA$1.54
1520 Westmoreland Ave, Unit 2 Bedroom Apartment1520 Westmoreland Ave2BR,1BA$1.47
Rosewood Round Lake2 Bedroom2BR,1BA$1.32
Kings Court Apartments1 bd1BR,1BA$1.44
944 Park Ave, Unit # 2944 Park Ave2BR,1BA$1.24
CASA Apartments - WaukeganStudioStudio ,1BA$1.35

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 CASA Apartments - Waukegan listed at $675.

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

The lowest price for a Cheap One Bedroom Lake County Apartment is $775 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 $950 at CASA Apartments - Waukegan.

What is the most affordable Lake County Three Bedroom Apartment?

The best deal on a cheap Lake County Three Bedroom Apartment rental is at CASA Apartments - Waukegan and starts from $1,050.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.