
Cheap Homes for Rent in Lily Lake, IL from $1,300 (9 Rentals)
Cheap Homes in Lily Lake.


46W975 Main St

311 West St

279 Bayview Rd
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1493 Keystone Ct

23484 Larson Rd

601 Oakwood Dr

1661 Pebble Beach Cir
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

255 Mill St
Lily Lake, IL Local Guide

How much does it cost to rent a home in Lily Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lily Lake 2 Bedroom Homes for Rent | $2,432 | $1,450 | $5,000 |
Lily Lake 3 Bedroom Homes for Rent | $3,123 | $2,350 | $5,950 |
Lily Lake 4 Bedroom Homes for Rent | $3,814 | $2,900 | $4,800 |
Browse Top Homes for Rent in Lily Lake
Explore Lily Lake
Lily Lake, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Royal Ridge Apartments | Studio | Studio,1BA | $1,125 |
39 Surrey Dr | 39 Surrey | Studio,1BA | $1,175 |
Green Meadows Apartments | Classic | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in Lily Lake, IL and Nearby
As of May 08, 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 Argyll Model at Randall Highlands starting at $2,466 with a $1.80 price per square foot in the Randall Road Corridor neighborhood. Here is today’s list of the best values for Lily Lake apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Terrabrook at Prairie Ridge | Gregory End | 4BR,2.5BA | $1.61 |
Randall Highlands | Argyll | 2BR,2.5BA | $1.80 |
The Village at Mill Creek | Nutmeg | 2BR,2BA | $1.97 |
Highland Springs | Two Bedroom | 2BR,2BA | $1.56 |
1990 Larkin Ave, Elgin, IL 60123 | 2 bed/2 bath | 2BR,2BA | $1.75 |
St. Albans Greens Townhouses and Apartments | 2 Bedrooom TH NEW | 2BR,2BA | $1.33 |
Ashford at Geneva | 2B | 2BR,2BA | $2.14 |
Pepper Valley Apartments | 2 BDR/2 BATH | 2BR,2BA | $1.71 |
Green Meadows Apartments | Classic | 1BR,1BA | $1.99 |
39 Surrey Dr | 39 Surrey | Studio ,1BA | $1.88 |
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.
Frequently Asked Questions about Lily Lake
What type of rentals are currently available in Lily Lake?
There are currently 35 Apartments for Rent in Lily Lake, IL with pricing that ranges from $826 to $5,688. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lily Lake ranging from $1,350 to $5,950.
What is the current price range for Rental Homes in Lily Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lily Lake ranges from $1,350 to $5,950 with an average monthly rent of $2,679.
How much are larger Three and Four Bedroom Rentals in Lily Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lily Lake range from $1,855 to $4,335, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,350 to $5,950. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $2,950.
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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.