1323 Cunat Ct
Lake In The HillsIL60156
Cheap Homes for Rent near Lakewood, IL from $1,400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Lakewood.
651 S Virginia Rd
Crystal LakeIL60014
31 Green Oaks Dr
Crystal LakeIL60014
721 Dean St
WoodstockIL60098
633 S Virginia Rd
Crystal LakeIL60014
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.
571 Somerset Ln
Crystal LakeIL60014
352 College St
Crystal LakeIL60014
219 Uteg St
Crystal LakeIL60014
566 Somerset Ln
Crystal LakeIL60014
5 S Virginia Rd
Crystal LakeIL60014
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.
Showing Results 1-10, Page 1 of 1
Lakewood, IL Local Guide
Dowitcher by CheepShot is licensed under CC BY 2.0
How much does it cost to rent a home in Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood 2 Bedroom Homes for Rent | $2,071 | $1,550 | $3,197 |
| Lakewood 3 Bedroom Homes for Rent | $2,874 | $2,400 | $3,650 |
| Lakewood 4 Bedroom Homes for Rent | $3,218 | $2,450 | $4,800 |
| Lakewood 5 Bedroom Homes for Rent | $3,450 | $3,450 | $3,450 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Lakewood
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Lakewood, IL Local Guide
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Cheapest Available Lakewood Apartments for Rent and Nearby
The cheapest available apartment rental in Lakewood, IL is a 1 Bed unit found at McHenry Commons in the Lincoln Hills neighborhood priced from $576. Fawn Ridge Apartments in the Lincoln Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,220. Here is today’s list of the most affordable Lakewood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McHenry Commons | Sugar Maple - 30% AMI | 1BR,1BA | $576 |
| Fawn Ridge Apartments | Valley View | 1BR,1BA | $1,220 |
| Patriot Prairie of Woodstock | 1X1 | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Lakewood, IL and Nearby
As of July 15, 2026 the best value apartment in the Lakewood area is the $1.86 price per square foot Capewood Model at Redwood Crystal Lake in the in the Arrowhead neighborhood starting from $3,020. The second greatest value Lakewood apartment is the Champion Single Wide Model at Oakbrook Estates- Senior 55+ Community starting at $1,500 with a $1.25 price per square foot in the Fox Trails neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Redwood Crystal Lake | Capewood | 2BR,2BA | $1.86 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.25 |
| River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.82 |
| Woodcreek | Apt B | 2BR,2BA | $1.60 |
| Residence of Fairway Greens | Two bed One Bath | 2BR,1BA | $1.88 |
| McHenry Commons | Hornbeam - 60% AMI | 2BR,2BA | $1.46 |
| The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1.40 |
| 311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1.75 |
| Fawn Ridge Apartments | Valley View | 1BR,1BA | $1.81 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1.90 |
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 Article
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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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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Frequently Asked Questions about Lakewood
What type of rentals are currently available in Lakewood?
There are currently 68 Apartments for Rent in Lakewood, IL with pricing that ranges from $576 to $4,237. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $1,400 to $4,800.
What is the current price range for Rental Homes in Lakewood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakewood ranges from $1,400 to $4,800 with an average monthly rent of $2,627.
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
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.
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.
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.
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.