530 Locust St
ElginIL60123
Cheap Homes for Rent in Lily Lake, IL from $1,500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lily Lake.
23 N Channing St
ElginIL60120
1216 Sandhurst Ln
South ElginIL60177
1330 Brook St
St. CharlesIL60174
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.
2086 Muirfield Cir
ElginIL60123
1421 Timber Ln
South ElginIL60177
45W005 Berner Rd
HampshireIL60140
3388 Sanctuary Dr
ElginIL60124
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.
35W325 Lambert Ave
St. CharlesIL60174
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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 | $2,810 | $1,550 | $5,500 |
| Lily Lake 3 Bedroom Homes for Rent | $2,793 | $2,150 | $3,500 |
| Lily Lake 4 Bedroom Homes for Rent | $3,808 | $2,500 | $5,500 |
| Lily Lake 5 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
Browse Top Homes for Rent in Lily Lake
Explore Lily Lake
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 Royal Ridge Apartments in the Edgewater neighborhood priced from $1,125. Pepper Valley Apartments in the Batavia Historic District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,450. 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 |
| Pepper Valley Apartments | 1 BDR/1 BATH | 1BR,1BA | $1,450 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $1,500 |
Best Value Apartments for Rent in Lily Lake, IL and Nearby
As of December 11, 2025 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 2 Bed 1 Bath Model at WC Kimball starting at $1,895 with a $1.58 price per square foot in the College Green 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 |
| WC Kimball | 2 Bed 1 Bath | 2BR,1BA | $1.58 |
| St. Albans Greens Townhouses and Apartments | 2 Bedrooom TH NEW | 2BR,2BA | $1.49 |
| Authentix South Elgin | 2-2 BR Retreat Overlook | 2BR,2BA | $1.94 |
| The Township at St. Charles | Amherst | 1BR,1BA | $1.81 |
| The Crossings at St. Charles | 2 Bedroom 1 Bath | 2BR,1BA | $2.11 |
| Panton Mill Station | The Beech | 1BR,1BA | $2.03 |
| Fox Run Apartments | Franklin | 1BR,1.5BA | $1.99 |
| Pepper Valley Apartments | 1 BDR/1 BATH | 1BR,1BA | $1.85 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $2.07 |
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
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.
Read ArticleQuick Rent Budget Calculator
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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 39 Apartments for Rent in Lily Lake, IL with pricing that ranges from $826 to $4,550. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lily Lake ranging from $1,550 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 $1,550 to $6,500 with an average monthly rent of $3,977.
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 $1,980 to $4,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,150 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,500 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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.