Cheap Apartments for Rent in Lakemoor, IL from $500 (39 Rentals)

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

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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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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property at 1813 W Edward Ct

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

5 Bedroom, 5 Bath Home for Rent

Available Now

1813 W Edward Ct

McHenryIL60051

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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Thomas Place Fox Lake
1 to 2 Bedroom Apartments

Thomas Place Fox Lake

229 Thomas LnFox Lake, IL 60020
Senior Living
  • Utilities Included
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Lakewood Tower
1 to 2 Bedroom Apartments

Lakewood Tower

320 N Milwaukee AveLake Villa, IL 60046
Senior Living
  • Utilities Included
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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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Riverside Apartments
Studio to 1 Bedroom Apartments

Riverside Apartments

3308-3309 W Elm StMcHenry, IL 60050
  • Utilities Included

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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Showing Results 1-39, Page 1 of 1

Lakemoor, IL Local Guide

Cheapest Available Lakemoor Apartments for Rent

 

The cheapest available apartment rental in Lakemoor, 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 Lakemoor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rosewood Round Lake2 Bedroom2BR,1BA$1,244
Patriot Oaks1 Bedroom 1 Bathroom1BR,1BA$1,307
534 E Washington StOne bed/One bath1BR,1BA$1,325
Water's Edge Apartments1 Bdrm/1 Bath1BR,1BA$1,365
Lakeview Terrace ApartmentsTwo Bedroom2BR,1BA$1,400
Brittany Square1A Bedroom1BR,1BA$1,475
Grays Pointe Apartments2 Bedroom Standard2BR,1BA$1,500
Springs at Three OaksSGO | Studio Grand OverlookStudio,1BA$1,557
Tuckaway Townhomes2 Bedroom Townhome2BR,2BA$1,562
Crystal Lake Apartments1 Bedroom1BR,1BA$1,635

Best Value Apartments for Rent in Lakemoor, IL

As of April 29, 2026 the best value apartment in the Lakemoor area is the $1.67 price per square foot 3 Bedroom Model at The Schoolhouse Apartments in the in the Arrowhead neighborhood starting from $2,500. The second greatest value Lakemoor apartment is the One bedroom/long den Model at The Villas At Patriot Estates starting at $1,972 with a $1.47 price per square foot in the Lincoln Hills neighborhood. Here is today’s list of the best values for Lakemoor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Schoolhouse Apartments3 Bedroom3BR,2BA$1.67
The Villas At Patriot EstatesOne bedroom/long den1BR,2.5BA$1.47
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.52
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.82
The Blake at Fox RiverLangford Terrace2BR,2BA$1.84
Lakeview Terrace ApartmentsTwo Bedroom2BR,1.5BA$1.37
Grays Pointe Apartments2 Bedroom Platinum2BR,1.5BA$1.56
Rosewood Round Lake2 Bedroom2BR,1BA$1.32
Tuckaway Townhomes2 Bedroom Townhome2BR,2BA$1.70

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

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See the most popular apartments and homes in Lakemoor, IL

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Frequently Asked Questions about Cheap Lakemoor Apartments

What is the Cheapest Studio apartment in Lakemoor?

Currently the most affordable Cheap Studio Apartment in Lakemoor is at Springs at Three Oaks listed at $1,557.

How much is rent for a Cheap One Bedroom Lakemoor Apartment?

The lowest price for a Cheap One Bedroom Lakemoor Apartment is $1,307 at Patriot Oaks.

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

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

What is the most affordable Lakemoor Three Bedroom Apartment?

The best deal on a cheap Lakemoor Three Bedroom Apartment rental is at Oakbrook Estates- Senior 55+ Community and starts from $1,700.

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.

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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.