Cheap Apartments for Rent in Lake Villa, IL from $1,000 (34 Rentals)

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

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Lakewood Tower
1 to 2 Bedroom Apartments

Lakewood Tower

320 N Milwaukee AveLake Villa, IL 60046
Senior Living
  • Utilities Included

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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property at 321 Meadow Green Ln

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

1 Bedroom, 1 Bath Townhome for Rent

Available Now

321 Meadow Green Ln

Round Lake BeachIL60073

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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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
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Harbor View Apartments
Studio to 1 Bedroom Apartments

Harbor View Apartments

10-14 Rushmore RdFox Lake, IL 60020
Student Housing
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1244 Main Street
1 to 2 Bedroom Apartments

1244 Main Street

1244 Main StAntioch, IL 60002
  • Utilities Included

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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Showing Results 1-34, Page 1 of 1

Lake Villa, IL Local Guide

Cheapest Neighborhoods for Apartments in Lake Villa, IL

Pricing Updated: 03/11/2026

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$2,559$90015
Grant's Grove$4,074$1,6007
Heritage Park$6,800$1,3007

Cheapest Available Lake Villa Apartments for Rent

 

The cheapest available apartment rental in Lake Villa, IL is a 2 Beds unit found at Rosewood Apartments priced from $1,244. Lakeview Terrace Apartments in the Grant's Grove neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Lake Villa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rosewood Apartments2 Bedroom2BR,1BA$1,244
Lakeview Terrace ApartmentsOne Bedroom1BR,1BA$1,300
Patriot Oaks1 Bedroom 1 Bathroom1BR,1BA$1,307
Moore Court Apartments1BR/1BA DEN1BR,1BA$1,375
Prairie Apartments2 Bedroom Upper LK2BR,1BA$1,375
Grand OaksPine1BR,1BA$1,383
Coventry Glen Apartments1 Bdrm/1 Bath-1st FlrP1BR,1BA$1,390
Woodview Apartments1BR/1BA1BR,1BA$1,400
The Preserve at Osprey LakeThe Starling IStudio,1BA$1,402
Anita Terrace Apartments2 Bdrm/1 Bath2BR,1BA$1,450

Best Value Apartments for Rent in Lake Villa, IL

As of March 12, 2026 the best value apartment in the Lake Villa area is the $1.73 price per square foot Accera Model at Deercrest of Antioch in the in the Grant's Grove neighborhood starting from $2,575. The second greatest value Lake Villa apartment is the 2 Beds, 2 baths Model at West Harbor Residences at Reva Bay starting at $1,900 with a $1.52 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.
Deercrest of AntiochAccera2BR,2.5BA$1.73
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.52
The Sanctuary of Lake VillaTwo Bedroom Two Bath2BR,2BA$1.62
Grays Pointe Apartments2 Bedroom Platinum2BR,1.5BA$1.56
Rosewood Apartments2 Bedroom2BR,1BA$1.32
Tuckaway Townhomes2 Bedroom Townhome2BR,2BA$1.70
Prairie Apartments2 Bedroom Upper LK2BR,1BA$1.71
Moore Court Apartments1BR/1BA DEN1BR,1BA$1.72
Anita Terrace Apartments2 Bdrm/1 Bath2BR,1BA$1.81
Lakeview Terrace ApartmentsOne Bedroom1BR,1BA$1.67

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lake Villa, IL

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Frequently Asked Questions about Cheap Lake Villa Apartments

What is the Cheapest Studio apartment in Lake Villa?

Currently the most affordable Cheap Studio Apartment in Lake Villa is at The Preserve at Osprey Lake listed at $1,402.

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

The lowest price for a Cheap One Bedroom Lake Villa Apartment is $1,300 at Lakeview Terrace Apartments.

What is the lowest price for a Cheap Two Bedroom Lake Villa Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Villa is starting from $1,244 at Rosewood Apartments.

What is the most affordable Lake Villa Three Bedroom Apartment?

The best deal on a cheap Lake Villa Three Bedroom Apartment rental is at Tuckaway Townhomes and starts from $1,801.

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

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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.