
Cheap Homes for Rent in Lake County, IL from $950 (72 Rentals)
Search the lowest-cost Homes available for rent right now in Lake County.


2614 Grand Ave

42 E Grand Ave

3305 Sunset Ave

3305 Sunset Ave

2541 Gilead Ave, Unit 1st Floor

2600 Elim Ave, Unit 3

208 S Main St

1807 12th St

124 W Washington St, Unit 114
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.

126 W Washington St, Unit 223

711 S Milwaukee Ave

1840 N Delany Rd

57 Vail Colony St

100 Marlene Ct, Unit 1

6175 W Grand Ave, Unit 1002- Studio

1490 Spring Brook Ct

542 N Carol Ln, Unit A1

600 McKinley Ave, Unit 306

700 McKinley Ave, Unit 303
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.

1832 Joppa Ave

1801 Victoria Ave

332 West St

338 N Green Bay Rd, Unit 1102

1225 Jackson St

701 Lake St

2128 N Frolic Ave

632 Anita Ave

13200 W Heiden Cir, Unit 2302

432 Elm Pl, Unit 903
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.

696 Elm Pl, Unit 309

447 Roger Williams Ave, Unit 730-09

730 Judson Ave, Unit 90

1244 Main St

1820 N Delany Rd

709 W Park Ave

2513 Western Ave

1724 N Ash St, Unit 1724

1147 Deerfield Rd, Unit B

725 St Johns Ave, Unit 91
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.

826 N Milwaukee Ave

350 Brainerd Ave

1103 Palmer Pl

940 N Lakeside Dr

1015 18th St

57 Washington Blvd, Unit Mundelein 2 bedroom Condo for rent

241 W Main St

420 S Lake St

57 Washington Blvd

218 Washington St
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.
Lake County, IL Local Guide

How much does it cost to rent a home in Lake County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake County 2 Bedroom Homes for Rent | $2,220 | $1,195 | $4,700 |
| Lake County 3 Bedroom Homes for Rent | $2,963 | $1,795 | $6,000 |
| Lake County 4 Bedroom Homes for Rent | $4,082 | $2,000 | $8,400 |
| Lake County 5 Bedroom Homes for Rent | $7,185 | $3,300 | $10,000+ |
| Lake County 6 Bedroom Homes for Rent | $9,700 | $3,400 | $10,000+ |
| Lake County 7 Bedroom Homes for Rent | $25,000 | $10,000 | $10,000+ |
Browse Homes for Rent in Lake County
Explore Lake County
Best Value Homes for Rent in Lake County, IL
As of September 24, 2026 the best value rental home in the Lake County area is the $1.25 price per square foot 277 W Biros Ln Model at 277 W Biros Ln in the Liberty Lakes - Freedom Series neighborhood starting from $3,500. The second greatest value Lake County rental home is the 37483 Illinois Rte 59 Model at 37483 Illinois Rte 59 in the Amber Shores neighborhood starting at $3,500 with a $1.25 price per square foot. Here is today’s list of the best values for Lake County homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 277 W Biros Ln | 277 W Biros Ln | 4BR, 3BA | $1.25 |
| 37483 Illinois Rte 59 | 37483 Illinois Rte 59 | 6BR, 3BA | $1.25 |
| 1998 N Karen Ln | 1998 N Karen Ln | 4BR, 3BA | $1.25 |
| 154 Wildflower Ln | 154 Wildflower Ln | 4BR, 3BA | $1.25 |
| 870 Waterview Dr | 870 Waterview Dr | 3BR, 2.5BA | $1.25 |
| 357 Waterbury Dr | 357 Waterbury Dr | 5BR, 3.5BA | $1.35 |
| 34734 N Long Ave | 34734 N Long Ave | 4BR, 3BA | $1.05 |
| 1657 Fairport Dr | 1657 Fairport Dr | 4BR, 3BA | $1.41 |
| 2506 24th Pl | 2506 24th Pl | 3BR, 1BA | $1.33 |
| 2541 Gilead Ave, Unit 1st Floor | 2541 Gilead Ave | 2BR, 1BA | $1.41 |
Frequently Asked Questions about Lake County
What type of rentals are currently available in Lake County?
There are currently 796 Apartments for Rent in Lake County, IL with pricing that ranges from $675 to $12,369. There are also 357 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake County ranging from $950 to $25,000.
What is the current price range for Rental Homes in Lake County?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake County ranges from $950 to $25,000 with an average monthly rent of $3,143.
How much are larger Three and Four Bedroom Rentals in Lake County?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake County range from $1,050 to $8,051, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $6,000. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $2,500.
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.

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.

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.