300 Pauline Ave
Crystal LakeIL60014
Cheap Homes for Rent in Lakewood, IL from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lakewood.
627 S Virginia Rd
Crystal LakeIL60014
20 Arrowhead Dr
AlgonquinIL60102
651 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.
439 Berkshire Dr
Crystal LakeIL60014
1345 Cunat Ct
Lake In The HillsIL60156
431 Berkshire Dr
Crystal LakeIL60014
1351 Cunat Ct
Lake In The HillsIL60156
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 1-8, 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 | $1,916 | $1,499 | $3,197 |
| Lakewood 3 Bedroom Homes for Rent | $2,620 | $1,950 | $3,650 |
| Lakewood 4 Bedroom Homes for Rent | $3,339 | $2,915 | $3,900 |
| Lakewood 5 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
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 Silver Creek Apartments in the Bull Valley Golf Club neighborhood priced from $1,149. Willow Brooke in the Savanna Grove neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,280. Here is today’s list of the most affordable Lakewood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Silver Creek Apartments | 1 Bedroom | 1BR,1BA | $1,149 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1,280 |
| Patriot Prairie of Woodstock | 1X1 | 1BR,1BA | $1,355 |
Best Value Apartments for Rent in Lakewood, IL and Nearby
As of April 16, 2026 the best value apartment in the Lakewood area is the $1.47 price per square foot One bedroom/long den Model at The Villas At Patriot Estates in the in the Lincoln Hills neighborhood starting from $1,972. The second greatest value Lakewood apartment is the Champion Single Wide Model at Oakbrook Estates- Senior 55+ Community starting at $1,700 with a $1.42 price per square foot in the East Suburban McHenry 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. |
|---|---|---|---|
| The Villas At Patriot Estates | One bedroom/long den | 1BR,2.5BA | $1.47 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.42 |
| River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.82 |
| Woodcreek | Apt B | 2BR,2BA | $1.55 |
| The Paths of Walnut Ridge | 2 Bed/2 Bath Split | 2BR,2BA | $1.69 |
| 311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1.75 |
| Eden Prairie Apartments | 2 Bed 1 Bath A Renovated Level 2 | 2BR,1BA | $2.02 |
| Meadowdale Apartments | 2 Bedroom 1 Bath 810 sq ft | 2BR,1BA | $1.79 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1.90 |
| Silver Creek Apartments | 1 Bedroom | 1BR,1BA | $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.
Read Article
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 ArticleThe 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.
Read ArticleCash 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.
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.
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Explore Lakewood, IL Rentals by Map
See the most popular apartments and homes in Lakewood, IL
Frequently Asked Questions about Lakewood
What type of rentals are currently available in Lakewood?
There are currently 64 Apartments for Rent in Lakewood, IL with pricing that ranges from $588 to $3,723. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakewood ranging from $1,275 to $3,900.
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 $1,275 to $3,900 with an average monthly rent of $2,410.
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
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.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.