Cheap Homes for Rent in Lake County, IL from $800 (49 Rentals)

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Search the lowest-cost Homes 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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property at 2902 31st St

$1,350 - $1,400

1 To 2 Bedroom Rentals

Available Now

2902 31st St

ZionIL60099

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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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.

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Showing Results 1-49, Page 1 of 1

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. Cinnamon Lake Towers in the North Waukegan neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here is today’s list of the most affordable Lake County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CASA Apartments - WaukeganStudioStudio,1BA$675
Cinnamon Lake TowersStudioStudio,1BA$1,025
Harbor LakeThe MinnowStudio,1BA$1,040
Sunset Village1BR/1.0BA1BR,1BA$1,050
Imperial Tower ApartmentsThe MichiganStudio,1BA$1,157
Briarwood Apartments1BR/1BA1BR,1BA$1,175
Residences at Fountain SquareThe Buckingham1BR,1BA$1,190
Wauconda Park Apartments1 Bed / 1 Bath1BR,1BA$1,200
Woodstone Village Apartments1x1 6951BR,1BA$1,200

Best Value Apartments for Rent in Lake County, IL

As of June 10, 2026 the best value apartment in the Lake County area is the $1.34 price per square foot 903 Main St Model at 903 Main St, Unit 1 in the in the Antioch Golf Club neighborhood starting from $1,950. The second greatest value Lake County apartment is the Waiting List Model at Northline Apartments starting at $1,990 with a $1.52 price per square foot in the Downtown Libertyville 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.
903 Main St, Unit 1903 Main St2BR,1BA$1.34
Northline ApartmentsWaiting List2BR,2BA$1.52
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.52
Stone Edge Apartments2 Bed 2 Bath2BR,2BA$1.36
Lakeview Terrace ApartmentsTwo Bedroom2BR,1.5BA$1.37
1520 Westmoreland Ave, Unit 2 Bedroom Apartment1520 Westmoreland Ave2BR,1BA$1.47
Rosewood Round Lake2 Bedroom2BR,1BA$1.32
Sunset Village Apartments1BR/1.0BA1BR,1BA$1.31
Kings Court Apartments1 bd1BR,1BA$1.56
CASA Apartments - WaukeganStudioStudio ,1BA$1.35

Frequently Asked Questions about Lake County

What type of rentals are currently available in Lake County?

There are currently 779 Apartments for Rent in Lake County, IL with pricing that ranges from $675 to $10,805. There are also 251 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake County ranging from $875 to $20,000.

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 $875 to $20,000 with an average monthly rent of $4,996.

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 $10,805, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $5,900. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $3,290.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.