Cheap Homes for Rent in Lake Villa, IL from $1,000 (13 Rentals)

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

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.

property at 1187 N Red Oak Cir

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

2 Bedroom, 2 Bath Home for Rent

Available Now

1187 N Red Oak Cir

Round Lake BeachIL60073

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.

Lake Villa, IL Local Guide

Cheapest Neighborhoods for Apartments in Lake Villa, IL

Pricing Updated: 02/24/2026

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$2,469$90015
Grant's Grove$4,074$1,6002
Heritage Park$6,800$1,8505

Cheapest Available Lake Villa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Villa, IL is a 2 Beds unit found at Rosewood Apartments priced from $1,244. 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
Rosewood Apartments2 Bedroom2BR,1BA$1,244
Woodview Apartments1BR/1BA1BR,1BA$1,250
Anita Terrace Apartments2 Bdrm/1 Bath2BR,1BA$1,300
Lakeview Terrace ApartmentsOne Bedroom1BR,1BA$1,300
Patriot Oaks (FKA Timber Oaks)1 Bedroom 1 Bathroom1BR,1BA$1,307

Best Value Apartments for Rent in Lake Villa, IL and Nearby

As of February 24, 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
Anita Terrace Apartments2 Bdrm/1 Bath2BR,1BA$1.68
Moore Court Apartments1BR/1BA DEN1BR,1BA$1.72
Lakeview Terrace ApartmentsOne Bedroom1BR,1BA$1.67
Coventry Glen Apartments1 Bdrm/1 Bath-2nd FlrP1BR,1BA$1.91

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

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Lake Villa

What type of rentals are currently available in Lake Villa?

There are currently 67 Apartments for Rent in Lake Villa, IL with pricing that ranges from $1,100 to $5,690. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Villa ranging from $1,050 to $4,074.

What is the current price range for Rental Homes in Lake Villa?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Villa ranges from $1,050 to $4,074 with an average monthly rent of $2,105.

How much are larger Three and Four Bedroom Rentals in Lake Villa?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Villa range from $1,257 to $3,755, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,250. Four Bedroom Single-Family rentals are also available starting from $2,750 and Four Bedroom Apartments start at $3,520.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.