Cheap Apartments for Rent in Lily Lake, IL from $800 (48 Rentals)

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

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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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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Elgin Tower Lofts
1 to 2 Bedroom Apartments

Elgin Tower Lofts

100 E Chicago StElgin, IL 60120
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Firethorne
2 Bedroom Apartments

Firethorne

1350 Brook StSt. Charles, IL 60174
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WC Kimball
2 Bedroom Apartments

WC Kimball

52 N Crystal AveElgin, IL 60123
property at 2250 Aurora Dr

$1,900

2 Bedroom Rentals

Available Now

2250 Aurora Dr

Pingree GroveIL60140

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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Ashford at Geneva
1 to 2 Bedroom Apartments

Ashford at Geneva

390-420 Brittany CtGeneva, IL 60134
Corporate Housing

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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Lily Lake, IL Local Guide

Cheapest Available Lily Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lily Lake, IL is a Studio unit found at 39 Surrey Dr in the West Ridge Village neighborhood priced from $1,100. Royal Ridge Apartments in the Edgewater neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here is today’s list of the most affordable Lily Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
39 Surrey Dr39 Surrey DriveStudio,1BA$1,100
Royal Ridge ApartmentsStudioStudio,1BA$1,250
Fox Run ApartmentsShelby1BR,1BA$1,469
Haven St. CharlesA1.R - 1 Bedroom Renovated1BR,1BA$1,505
Wing Park Residencewp-1bs1BR,1BA$1,550
The Township at St. CharlesAdeleStudio,1BA$1,550
Green Meadows ApartmentsLuxury1BR,1BA$1,600
Reserve at Prairie CentreAsterStudio,1BA$1,678
Seasons at North AuroraAStudio,1BA$1,695
Authentix South ElginStudio Retreat CourtyardStudio,1BA$1,705

Best Value Apartments for Rent in Lily Lake, IL and Nearby

As of June 09, 2026 the best value apartment in the Lily Lake area is the $1.37 price per square foot Gregory End Model at Terrabrook at Prairie Ridge in the starting from $2,500. The second greatest value Lily Lake apartment is the B1 Model at Randall Highlands starting at $2,633 with a $1.92 price per square foot in the Batavia Historic District neighborhood. Here is today’s list of the best values for Lily Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Terrabrook at Prairie RidgeGregory End4BR,2.5BA$1.37
Randall HighlandsB12BR,2.5BA$1.92
Fountain Square2 Bed/ 2 Bath/ Den2BR,2.5BA$2.00
Reserve at Village CenterSunflower2BR,2BA$1.98
The Village at Mill CreekGinkgo2BR,2BA$2.18
Pepper Valley ApartmentsHerrington - 2Bd/2Ba-Vaulted Ceiling2BR,2BA$1.68
Ascend St. CharlesB4 - Premium2BR,1BA$2.18
Haven St. CharlesA1.R - 1 Bedroom Renovated1BR,1BA$2.02
Wing Park Residencewp-1bs1BR,1BA$2.14
39 Surrey Dr39 Surrey DriveStudio ,1BA$1.69

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

Explore Lily Lake, IL Rentals by Map

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

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Frequently Asked Questions about Cheap Lily Lake Apartments

What is the Cheapest Studio apartment in Lily Lake?

Currently the most affordable Cheap Studio Apartment in Lily Lake is at 39 Surrey Dr listed at $1,100.

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

The lowest price for a Cheap One Bedroom Lily Lake Apartment is $1,350 at Royal Ridge Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lily Lake is starting from $1,750 at Wing Park Residence.

What is the most affordable Lily Lake Three Bedroom Apartment?

The best deal on a cheap Lily Lake Three Bedroom Apartment rental is at Green Meadows Apartments and starts from $2,400.

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.