Cheap Homes for Rent in Lake County, IL from $800 (46 Rentals)

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

property at 3305 Sunset Ave

$1,190

Total Monthly Price

Total Monthly Price

Base Rent
$1,190
Total Monthly Price
$1,190

1 Bedroom, 1 Bath Condo for Rent

Available Now

3305 Sunset Ave

WaukeganIL60087
property at 19 Saint Thomas Colony

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

1 Bedroom, 1 Bath Condo for Rent

Available Sep 19

19 Saint Thomas Colony, Unit Apt. 5

19 Saint Thomas Colony
Fox LakeIL60020

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.

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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.

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property at 2902 31st St

$1,400

1 To 2 Bedroom Rentals

Available Now

2902 31st St

ZionIL60099

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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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 696 Elm Pl

$1,750 - $2,650

Studio To 2 Bedroom Rentals

Available Now

696 Elm Pl

Highland ParkIL60035

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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Showing Results 1-46, 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. 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
LITTLE FORT APARTMENTS LLCLITTLE FORT APARTMENTS LLC - 4111BR,1BA$1,050
Briarwood Apartments1BR/1BA1BR,1BA$1,175
BUTRICK ST. - 2023BUTRICK ST. - 2023 - 151BR,1BA$1,195
GRAND AVE. - 1011GRAND AVE. - 1011 - Apt 1...1BR,1BA$1,195
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 August 09, 2026 the best value apartment in the Lake County area is the $0.22 price per square foot 611 Mulberry Pl Model at 611 Mulberry Pl, Unit 2nd floor in the in the Briergate Station neighborhood starting from $2,200. 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.
611 Mulberry Pl, Unit 2nd floor611 Mulberry Pl3BR,1BA$0.22
Northline ApartmentsWaiting List2BR,2BA$1.52
The Sanctuary of Lake VillaTwo Bedroom One Bath2BR,1BA$1.62
Water's Edge Apartments2 Bdrm/2 Bath2BR,2BA$1.57
Grays Pointe Apartments2 Bedroom Premium2BR,1BA$1.56
1520 Westmoreland Ave, Unit 2 Bedroom Apartment1520 Westmoreland Ave2BR,1BA$1.47
Rosewood Round Lake2 Bedroom2BR,1BA$1.32
Kings Court Apartments1 bd1BR,1BA$1.56
1021 Judge Ave, Unit 2nd Floor1021 Judge Ave1BR,1BA$1.17
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 781 Apartments for Rent in Lake County, IL with pricing that ranges from $675 to $10,721. There are also 336 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake County ranging from $825 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 $825 to $25,000 with an average monthly rent of $3,248.

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 $10,721, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $3,780.

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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.