
Cheap Homes for Rent in Lakemoor, IL from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Lakemoor.


1506 Spring Brook Ct
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.

1813 W Edward Ct

2604 Fair Oak Ln, Unit Apt. B
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.

6 N Pistakee Lake Rd
Lakemoor, IL Local Guide

How much does it cost to rent a home in Lakemoor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakemoor 2 Bedroom Homes for Rent | $2,246 | $1,750 | $2,500 |
| Lakemoor 3 Bedroom Homes for Rent | $2,444 | $1,975 | $3,000 |
| Lakemoor 4 Bedroom Homes for Rent | $2,884 | $1,995 | $3,500 |
| Lakemoor 5 Bedroom Homes for Rent | $2,600 | $1,500 | $3,700 |
Browse Top Homes for Rent in Lakemoor
Explore Lakemoor
Lakemoor, IL Local Guide
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Cheapest Available Lakemoor Apartments for Rent and Nearby
 The cheapest available apartment rental in Lakemoor, IL is a 1 Bed unit found at Wauconda Park Apartments in the Liberty Lakes - Freedom Series neighborhood priced from $1,200. Rosewood Round Lake has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,244. Here is today’s list of the most affordable Lakemoor apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wauconda Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1,200 |
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1,244 |
| Patriot Oaks | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,307 |
Best Value Apartments for Rent in Lakemoor, IL and Nearby
As of May 23, 2026 the best value apartment in the Lakemoor area is the $1.60 price per square foot 3 Bedroom Model at The Schoolhouse Apartments in the in the Arrowhead neighborhood starting from $2,400. The second greatest value Lakemoor 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 Lakemoor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Schoolhouse Apartments | 3 Bedroom | 3BR,2BA | $1.60 |
| West Harbor Residences at Reva Bay | 2 Beds, 2 baths | 2BR,2BA | $1.52 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.42 |
| Stone Edge Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.36 |
| River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.82 |
| Lakeview Terrace Apartments | Two Bedroom | 2BR,1.5BA | $1.37 |
| Darlington Court Apartments | Two Bedroom/ One and 1/2 Bath | 2BR,1.5BA | $1.80 |
| Grays Pointe Apartments | 2 Bedroom Platinum | 2BR,1.5BA | $1.56 |
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1.32 |
| Tuckaway Townhomes | 2 Bedroom Townhome | 2BR,2BA | $1.70 |
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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lakemoor, IL Rentals by Map
See the most popular apartments and homes in Lakemoor, IL
Frequently Asked Questions about Lakemoor
What type of rentals are currently available in Lakemoor?
There are currently 58 Apartments for Rent in Lakemoor, IL with pricing that ranges from $576 to $30,334. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakemoor ranging from $1,275 to $3,700.
What is the current price range for Rental Homes in Lakemoor?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakemoor ranges from $1,275 to $3,700 with an average monthly rent of $2,307.
How much are larger Three and Four Bedroom Rentals in Lakemoor?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakemoor range from $1,257 to $10,449, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,975 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $10,000.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

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.

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.