Cheap Homes for Rent in Lake Villa, IL from $1,000 (11 Rentals)

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

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

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.

property at 343 Meadow Green Ln

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

343 Meadow Green Ln

Round Lake BeachIL60073

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.

Lake Villa, IL Local Guide

Cheapest Neighborhoods for Apartments in Lake Villa, IL

Pricing Updated: 07/09/2026

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
Grant's Grove$3,825$1,25015
Heritage Park$3,825$1,30012
Amber Shores$7,879$1,12151

Cheapest Available Lake Villa Apartments for Rent

 

The cheapest available apartment rental in Lake Villa, IL is a 2 Beds unit found at Rosewood Round Lake priced from $1,244. Patriot Oaks in the Amber Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,307. Here is today’s list of the most affordable Lake Villa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rosewood Round Lake2 Bedroom2BR,1BA$1,244
Patriot Oaks1 Bedroom 1 Bathroom1BR,1BA$1,307
Moore Court Apartments1BR/1BA DEN1BR,1BA$1,375
Coventry Glen Apartments1 Bdrm/1 Bath-3rd FlrP1BR,1BA$1,390
Willow Wind1 bedroom1BR,1BA$1,400

Best Value Apartments for Rent in Lake Villa, IL

As of July 09, 2026 the best value apartment in the Lake Villa area is the $1.74 price per square foot Accera End Model at Deercrest of Antioch in the in the Grant's Grove neighborhood starting from $2,600. The second greatest value Lake Villa apartment is the 2 Beds, 2 baths Model at West Harbor Residences at Reva Bay starting at $2,050 with a $1.64 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 AntiochAccera End2BR,2.5BA$1.74
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.64
The Sanctuary of Lake VillaTwo Bedroom Two Bath2BR,2BA$1.72
Lakeview Terrace ApartmentsTwo Bedroom2BR,1.5BA$1.37
Water's Edge Apartments2 Bdrm/2 Bath2BR,2BA$1.55
Deep Lake Hermitage2BR/1.0BA2BR,1BA$1.75
Grays Pointe Apartments2 Bedroom Platinum2BR,1.5BA$1.56
Rosewood Round Lake2 Bedroom2BR,1BA$1.32
Moore Court Apartments1BR/1BA DEN1BR,1BA$1.72
Willow Wind1 bedroom1BR,1BA$1.75

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 68 Apartments for Rent in Lake Villa, IL with pricing that ranges from $1,095 to $4,870. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Villa ranging from $1,095 to $7,000.

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 $1,095 to $7,000 with an average monthly rent of $2,943.

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 $2,000 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,850 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

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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.

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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.

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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.