Cheap Apartments for Rent in Lake Villa, IL from $900 (27 Rentals)

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

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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Brookstone Apartments
1 to 2 Bedroom Apartments

Brookstone Apartments

4247 Hickory Hills DrWaukegan, IL 60087
  • Utilities Included
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11236 258th Ct
1 to 2 Bedroom Apartments

11236 258th Ct

11236 258th CtTrevor, WI 53179

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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1244 Main Street
2 Bedroom Apartments

1244 Main Street

1244 Main StAntioch, IL 60002
  • Utilities Included
Showing Results 1-27, Page 1 of 1

Lake Villa, IL Local Guide

Cheapest Neighborhoods for Apartments in Lake Villa, IL

Pricing Updated: 07/30/2025

Current apartment rentals in the Lake Villa, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lake Villa Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Amber Shores$1,667$1,00219
Grant's Grove$3,850$1,00215
Heritage Park$3,850$1,26117

Cheapest Available Lake Villa Apartments for Rent

 

The cheapest available apartment rental in Lake Villa, IL is a 2 Beds unit found at Lakewood Tower in the Grant's Grove neighborhood priced from $1,200. Woodview Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here is today’s list of the most affordable Lake Villa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakewood Tower2 Bed 790SF2BR,1BA$1,200
Woodview Apartments1BR/1BA1BR,1BA$1,250
Starling Senior Apartments1 Bed 1 Bath (60%)1BR,1BA$1,261
Timber Oaks (Patriot Oaks)1 Bedroom 1 Bathroom1BR,1BA$1,307
Coventry Glen Apartments1 Bdrm/1 Bath-2nd FlrH1BR,1BA$1,363
Brittany Square1A Bedroom1BR,1BA$1,465
Grays Pointe Apartments2 Bedroom Standard2BR,1BA$1,500
The Meadows Apartments LakemoorCypress2BR,2BA$1,688
Grand OaksAsh2BR,1BA$1,702
Luna ParkB-22BR,2BA$1,845

Best Value Apartments for Rent in Lake Villa, IL

As of July 30, 2025 the best value apartment in the Lake Villa area is the $1.46 price per square foot Meadow Model at The Meadows Apartments Lakemoor in the in the Liberty Lakes - Freedom Series neighborhood starting from $1,835. The second greatest value Lake Villa apartment is the 2 Beds, 2 baths Model at West Harbor Residences at Reva Bay starting at $1,850 with a $1.48 price per square foot in the Amber Shores neighborhood. Here is today’s list of the best values for Lake Villa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Meadows Apartments LakemoorMeadow2BR,2BA$1.46
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.48
Grays Pointe Apartments2 Bedroom Platinum FP2BR,1.5BA$1.56
Grand OaksAsh2BR,1.5BA$1.78
Water's Edge Apartments2 Bdrm/1 Bath2BR,1BA$1.73
Lakewood Tower2 Bed 790SF2BR,1BA$1.52
Brittany Square1A Bedroom1BR,1BA$1.95
Coventry Glen Apartments1 Bdrm/1 Bath-2nd FlrH1BR,1BA$1.92
Woodview Apartments1BR/1BA1BR,1BA$1.92
Starling Senior Apartments1 Bed 1 Bath (60%)1BR,1BA$1.97

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Best Local Schools in
Lake Villa, IL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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Explore Lake Villa, IL Rentals by Map

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Getting Around Lake Villa, IL

Walk Score®

27 / 100

Car-Dependent

Most errands require a car

Bike Score®

33 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lake Villa Apartments

What is the price of a cheap apartment in Lake Villa?

The cheapest apartment in Lake Villa is Woodview Apartments which is listed at $1,250, while the average apartment in Lake Villa costs $3,122.

What types of apartments are the cheapest in Lake Villa?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 14 regular apartments in Lake Villa that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lake Villa?

Cheap apartments in Lake Villa have an average cost of $548 which is $2,574 cheaper than the average rent for all rentals in Lake Villa.

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.

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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.

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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.