Cheap Apartments for Rent in Lily Lake, IL from $800 (46 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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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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Elgin Tower Lofts
1 to 2 Bedroom Apartments

Elgin Tower Lofts

100 E Chicago StElgin, IL 60120

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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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
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Ashford at Geneva
1 to 2 Bedroom Apartments

Ashford at Geneva

390-420 Brittany CtGeneva, IL 60134
Corporate Housing

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-46, 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 Edgewater neighborhood priced from $1,250. Haven St. Charles in the Riverfront neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,278. Here is today’s list of the most affordable Lily Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Royal Ridge ApartmentsStudioStudio,1BA$1,250
Haven St. CharlesA2.R - 1 Bedroom Renovated1BR,1BA$1,278
Fox Run ApartmentsShelby1BR,1BA$1,489
Green Meadows ApartmentsClassic1BR,1BA$1,500
Wing Park Residencewp-1bs1BR,1BA$1,550
The Township at St. CharlesAdeleStudio,1BA$1,595
The Crossings at St. CharlesI Bedroom1BR,1BA$1,604
Reserve at Village CenterMarigoldStudio,1BA$1,655
Reserve at Prairie CentreAsterStudio,1BA$1,678
Authentix South ElginStudio Retreat OverlookStudio,1BA$1,680

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

As of April 25, 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 Inverness Model at Randall Highlands starting at $2,862 with a $1.96 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 HighlandsInverness3BR,2.5BA$1.96
Fountain Square2 Bed/ 2 Bath/ Den2BR,2.5BA$2.00
Pepper Valley ApartmentsHerrington - 2Bd/2Ba-Vaulted Ceiling2BR,2BA$1.68
The Village at Mill CreekOakleaf2BR,2BA$2.19
Seasons at North Aurora1D1BR,1BA$2.24
The Crossings at St. Charles2 Bedroom 1 Bath2BR,1BA$2.23
Prairie Pointe Apartments2bedroom2BR,1BA$2.04
Wing Park Residencewp-1bs1BR,1BA$2.14
Haven St. CharlesA2.R - 1 Bedroom Renovated1BR,1BA$2.08

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.

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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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The 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.

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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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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 Royal Ridge Apartments listed at $1,250.

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

The lowest price for a Cheap One Bedroom Lily Lake Apartment is $1,278 at Haven St. Charles.

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 $1,735 at Prairie Pointe 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 The Township at St. Charles and starts from $2,350.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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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.

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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.