Cheap Apartments for Rent in Lake Zurich, IL from $1,000 (41 Rentals)

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

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Liberty Lake
1 to 3 Bedroom Apartments

Liberty Lake

201 S Buesching RdLake Zurich, IL 60047
  • Utilities Included
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Waters Edge
1 to 2 Bedroom Apartments

Waters Edge

241-45 Main StLake Zurich, IL 60047

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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Albion on Northwest
Rent Specials
$1,533 - $2,413
Total Monthly Price

Total Monthly Price

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$1,533 - $2,413
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1 to 2 Bedroom Apartments Available Now

Albion on Northwest

975 N Sterling AvePalatine, IL 60067
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

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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Station 250
Rent Specials
$1,716 - $3,651
Total Monthly Price

Total Monthly Price

Base Rent
$1,716 - $3,651
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Station 250

250 Plaza CirMundelein, IL 60060
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Villas By The Lake
1 to 2 Bedroom Apartments

Villas By The Lake

300 Lakeside DrVernon Hills, IL 60061
  • Utilities Included
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Crescent Place
Studio to 2 Bedroom Apartments

Crescent Place

310 W Rand RdArlington Heights, IL 60004
  • Utilities Included
property at 444 Osage Ln

$1,650

2 Bedroom Rentals

Available Now

444 Osage Ln

PalatineIL60074

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 1-41, Page 1 of 1

Lake Zurich, IL Local Guide

Cheapest Neighborhoods for Apartments in Lake Zurich, IL

Pricing Updated: 04/25/2026

Current apartment rentals in the Lake Zurich, 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 Zurich Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Meadow Wood$2,395$1,2009
Hawthorn Woods Country Club$2,578$1,20025

Cheapest Available Lake Zurich Apartments for Rent

 

The cheapest available apartment rental in Lake Zurich, IL is a 1 Bed unit found at Heritage Green Apartments in the Central Vernon Hills neighborhood priced from $1,445. Park Butterfield Apartments in the South Vernon Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,462. Here is today’s list of the most affordable Lake Zurich apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Heritage Green Apartments1 BR/1BA1BR,1BA$1,445
Park Butterfield ApartmentsStudio Floor Plan S1Studio,1BA$1,462
The Clayson1 Bedroom1BR,1BA$1,473
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$1,485
Arrowhead ApartmentsA11BR,1BA$1,595
Albion on NorthwestElm (A1) 1 Bedroom Aparment1BR,1BA$1,633
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$1,650
Stonebridge of Arlington Heights1x1 A1BR,1BA$1,659
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$1,665
Pebbleshire ApartmentsOne Bedroom- Laminate1BR,1BA$1,675

Best Value Apartments for Rent in Lake Zurich, IL

As of April 25, 2026 the best value apartment in the Lake Zurich area is the $1.80 price per square foot 2BR/2.0BA Model at Morris Station in the in the Central Vernon Hills neighborhood starting from $2,451. The second greatest value Lake Zurich apartment is the D1 - 3 Bed, 2 Bath Model at Albion on Lake Cook starting at $2,632 with a $1.96 price per square foot in the Cherrybrook Village neighborhood. Here is today’s list of the best values for Lake Zurich apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Morris Station2BR/2.0BA2BR,2BA$1.80
Albion on Lake CookD1 - 3 Bed, 2 Bath3BR,2BA$1.96
Redwood Fox River GroveForestwood2BR,2BA$2.03
Eastbanks of Lake Zurich2/22BR,2BA$1.91
Emerald Pointe Apartments2 Bedroom 1 Bath (954 sq ft)2BR,1BA$1.91
Mandalane2D2BR,2BA$2.03
Stonebridge of Arlington Heights1x1 A Reno1BR,1BA$2.01
Heritage Green Apartments1 BR/1BA1BR,1BA$1.93
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$2.09
The Clayson1 Bedroom1BR,1BA$2.10

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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How much rent can you afford?

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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Best Local Schools in
Lake Zurich, IL

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

Explore Lake Zurich, IL Rentals by Map

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See the most popular apartments and homes in Lake Zurich, IL

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Frequently Asked Questions about Cheap Lake Zurich Apartments

What is the Cheapest Studio apartment in Lake Zurich?

Currently the most affordable Cheap Studio Apartment in Lake Zurich is at Park Butterfield Apartments listed at $1,462.

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

The lowest price for a Cheap One Bedroom Lake Zurich Apartment is $1,445 at Heritage Green Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lake Zurich is starting from $1,560 at Park Butterfield Apartments.

What is the most affordable Lake Zurich Three Bedroom Apartment?

The best deal on a cheap Lake Zurich Three Bedroom Apartment rental is at Albion on Lake Cook and starts from $2,632.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.