Cheap Apartments for Rent in Lincolnshire, IL from $1,000 (30 Rentals)

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

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

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Wheeling Manor
2 Bedroom Apartments

Wheeling Manor

305 9th StWheeling, IL 60090
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Mallard Lake
2 Bedroom Apartments

Mallard Lake

1572 Teal LnWheeling, IL 60090
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Villas By The Lake
1 to 2 Bedroom Apartments

Villas By The Lake

300 Lakeside DrVernon Hills, IL 60061
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Port Clinton Place
1 to 3 Bedroom Apartments

Port Clinton Place

1199 E Port Clinton RdVernon Hills, IL 60061

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.

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Lincolnshire, IL Local Guide

Cheapest Available Lincolnshire Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lincolnshire, IL is a Studio unit found at Park Butterfield Apartments in the South Vernon Hills neighborhood priced from $1,349. Lakeside Village Apartments in the Grosse Pointe Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,495. Here is today’s list of the most affordable Lincolnshire apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park Butterfield ApartmentsStudio Floor Plan S1Studio,1BA$1,349
Lakeside Village Apartments1 BED / 1.0 BATH, 760 SQ FT - RENOVATED1BR,1BA$1,495
Union Apartments2 Bedroom2BR,1BA$1,522
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$1,636
Emerald Pointe Apartments1 Bedroom 1 Bath (714 sq ft)1BR,1BA$1,665
Brook RunCypress1BR,1BA$1,727
Foxboro ApartmentsAstor1BR,1BA$1,750
Hunt Club ApartmentsOak (1Bed U-R)1BR,1BA$1,750
Pebbleshire ApartmentsTwo Bedroom- Remodeled2BR,1BA$1,750
Mandalane2D2BR,2BA$1,791

Best Value Apartments for Rent in Lincolnshire, IL and Nearby

As of June 20, 2025 the best value apartment in the Lincolnshire area is the $2.50 price per square foot Two-Bed/Den Model at 444 Social in the in the Lake Cook Road neighborhood starting from $3,630. The second greatest value Lincolnshire apartment is the 2 Bed 2 Bath + Den Model at HIGHPOINT Highwood Station 546 starting at $2,842 with a $2.33 price per square foot in the Fort Sheridan neighborhood. Here is today’s list of the best values for Lincolnshire apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
444 SocialTwo-Bed/Den2BR,2BA$2.50
HIGHPOINT Highwood Station 5462 Bed 2 Bath + Den2BR,2BA$2.33
Mallard LakeSuperior: Enhanced2BR,2BA$2.37
Pebbleshire ApartmentsTwo Bedroom- Remodeled2BR,1BA$1.78
Mandalane2D2BR,2BA$1.97
Union Apartments2 Bedroom2BR,1BA$1.69
Lakeside Village Apartments1 BED / 1.0 BATH, 760 SQ FT - RENOVATED1BR,1BA$1.97
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$2.18
Emerald Pointe Apartments1 Bedroom 1 Bath (714 sq ft)1BR,1BA$2.33
Hunt Club ApartmentsOak (1Bed G-R)1BR,1BA$2.50

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lincolnshire, IL Rentals by Map

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See the most popular apartments and homes in Lincolnshire, IL

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Getting Around Lincolnshire, IL

Walk Score®

37 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 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 Lincolnshire Apartments

What is the Cheapest Studio apartment in Lincolnshire?

Currently the most affordable Cheap Studio Apartment in Lincolnshire is at Park Butterfield Apartments listed at $1,355.

How much is rent for a Cheap One Bedroom Lincolnshire Apartment?

The lowest price for a Cheap One Bedroom Lincolnshire Apartment is $1,495 at Lakeside Village Apartments.

What is the lowest price for a Cheap Two Bedroom Lincolnshire Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lincolnshire is starting from $1,522 at Union Apartments.

What is the most affordable Lincolnshire Three Bedroom Apartment?

The best deal on a cheap Lincolnshire Three Bedroom Apartment rental is at The MilTon Luxury Apartments and starts from $3,037.

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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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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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.