Cheap Apartments for Rent in Lily Lake, IL from $800 (7 Rentals)

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

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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 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 Studio apartment currently listed from $1,175. 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 SurreyStudio,1BA$1,175
Reserve at Village CenterVioletStudio,1BA$1,545

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

As of June 27, 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 2BR/2.0BA Model at 1012-1070 Turin starting at $2,400 with a $1.62 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 Turin2BR/2.0BA2BR,2BA$1.62
Randall HighlandsInverness3BR,2.5BA$2.17
The Village at Mill CreekNutmeg2BR,2BA$1.97
1990 Larkin Ave, Elgin, IL 601232 bed/2 bath2BR,2BA$1.75
Ashford at Geneva2B2BR,2BA$2.11
FirethornePremier2BR,2BA$1.85
St. Charles Place Apartments2BR/1BA2BR,1BA$1.89
Fox Run ApartmentsFranklin1BR,1.5BA$2.06
39 Surrey Dr39 SurreyStudio ,1BA$1.88

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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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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 $1,600 at Green Meadows 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 $1,700 at St. Charles Place Apartments.

What is the most affordable Lily Lake Three Bedroom Apartment?

The best deal on a cheap Lily Lake Three Bedroom Apartment rental is at 1012-1070 Turin and starts from $2,550.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.