1816 W Highland Ave
ElginIL60123
Cheap Homes for Rent in Lily Lake, IL from $1,700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lily Lake.
2250 Aurora Dr
Pingree GroveIL60140
1340 Brook St
St. CharlesIL60174
2220 Aurora Dr
Pingree GroveIL60140
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.
45W005 Berner Rd
HampshireIL60140
639 Florence St
HampshireIL60140
153 Spuhler Dr
BataviaIL60510
1109 Kane St
South ElginIL60177
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.
Showing Results 1-8, Page 1 of 1
Lily Lake, IL Local Guide
Sunrise in field by Claire Y. Martin is licensed under CC BY 2.0
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 | $2,163 | $1,725 | $2,500 |
| Lily Lake 3 Bedroom Homes for Rent | $3,076 | $2,450 | $6,130 |
| Lily Lake 4 Bedroom Homes for Rent | $4,216 | $2,650 | $5,000 |
| Lily Lake 5 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
Browse Top Homes for Rent in Lily Lake
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Lily Lake, IL Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 39 Surrey Dr | 39 Surrey Drive | Studio,1BA | $1,100 |
| Royal Ridge Apartments | Studio | Studio,1BA | $1,250 |
| Haven St. Charles | A1.R - 1 Bedroom Renovated | 1BR,1BA | $1,505 |
Best Value Apartments for Rent in Lily Lake, IL and Nearby
As of June 21, 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 C1 Model at Randall Highlands starting at $2,976 with a $2.04 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Terrabrook at Prairie Ridge | Gregory End | 4BR,2.5BA | $1.37 |
| Randall Highlands | C1 | 3BR,2.5BA | $2.04 |
| Fountain Square | 2 Bed/ 2 Bath/ Den | 2BR,2.5BA | $2.00 |
| Reserve at Village Center | Sunflower | 2BR,2BA | $1.98 |
| Pepper Valley Apartments | Herrington - 2Bd/2Ba-Vaulted Ceiling | 2BR,2BA | $1.68 |
| Panton Mill Station | The Beech | 1BR,1BA | $2.14 |
| Fox Run Apartments | Franklin | 1BR,1.5BA | $1.99 |
| Haven St. Charles | A1.R - 1 Bedroom Renovated | 1BR,1BA | $2.02 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $2.14 |
| 39 Surrey Dr | 39 Surrey Drive | Studio ,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.
Read Article
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.
Read ArticleQuick 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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Explore Lily Lake, IL Rentals by Map
See the most popular apartments and homes in Lily Lake, IL
Frequently Asked Questions about Lily Lake
What type of rentals are currently available in Lily Lake?
There are currently 40 Apartments for Rent in Lily Lake, IL with pricing that ranges from $826 to $4,864. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lily Lake ranging from $1,725 to $6,500.
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 $1,725 to $6,500 with an average monthly rent of $3,988.
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 $2,030 to $4,864, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,450 to $6,130. Four Bedroom Single-Family rentals are also available starting from $2,650 and Four Bedroom Apartments start at $2,950.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
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.
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.