Cheap Apartments for Rent in Lily Lake, IL from $800 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
Showing Results 1-12, Page 1 of 1

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 Royal Ridge Apartments in the West Ridge Village neighborhood priced from $1,125. 39 Surrey Dr in the West Ridge Village neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,400. Here is today’s list of the most affordable Lily Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Royal Ridge ApartmentsStudioStudio,1BA$1,125
39 Surrey Dr39 Surrey2BR,1BA$1,400
Fox Run ApartmentsShelby1BR,1BA$1,499
Green Meadows ApartmentsClassic1BR,1BA$1,550
The Township at St. CharlesAdeleStudio,1BA$1,574

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

As of September 10, 2025 the best value apartment in the Lily Lake area is the $1.61 price per square foot Gregory End Model at Terrabrook at Prairie Ridge in the starting from $2,950. The second greatest value Lily Lake apartment is the 3BR/2.5BA Model at 1012-1070 Turin starting at $2,595 with a $1.56 price per square foot . 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$1.61
1012-1070 Turin3BR/2.5BA3BR,2.5BA$1.56
Dodson Place ResidentialCardinal2BR,2BA$1.99
Randall HighlandsInverness3BR,2.5BA$2.12
FirethornePremier2BR,2BA$1.85
Seasons at Elgin1G1BR,1BA$2.11
Pepper Valley Apartments2 BDR/2 BATH2BR,2BA$1.71
St. Charles Place Apartments2BR/1BA2BR,1BA$1.89
Ashford at Geneva2A2BR,1BA$2.08
39 Surrey Dr39 Surrey2BR,1BA$1.65

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.

decorative image of people with a giant lease agreement

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

Explore Lily Lake, IL Rentals by Map

Decorative image of map

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

View Map
Lily Lake, IL Apartments Map
View Map
Lily Lake, IL Rental Homes Map

Getting Around Lily Lake, IL

Walk Score®

2 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

31 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Royal Ridge Apartments listed at $1,125.

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

The lowest price for a Cheap One Bedroom Lily Lake Apartment is $1,499 at Fox Run 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 $1,400 at 39 Surrey Dr.

What is the most affordable Lily Lake Three Bedroom Apartment?

The best deal on a cheap Lily Lake Three Bedroom Apartment rental is at The View Apartments St Charles and starts from $2,500.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.