Cheap Apartments for Rent in Lincolnshire, IL from $1,000 (54 Rentals)

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

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

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Albion Highland Park
$2,321 - $7,466
Total Monthly Price

Total Monthly Price

Base Rent
$2,321 - $7,466
Total Monthly Price
$2,321 - $7,466
Studio to 3 Bedroom Apartments Available Now

Albion Highland Park

1850 Green Bay RdHighland Park, IL 60035
Family Friendly
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property at 1153 Silverwood Ct

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400
Total Monthly Price
$2,400

2 Bedroom, 2 Bath Townhome for Rent

Available May 10

1153 Silverwood Ct

WheelingIL60090
property at 1022 Boxwood Ct

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400
Total Monthly Price
$2,400

2 Bedroom, 2 Bath Townhome for Rent

Available Jun 1

1022 Boxwood Ct

WheelingIL60090

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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Wheeling Manor
1 to 2 Bedroom Apartments

Wheeling Manor

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

Mallard Lake

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

Villas By The Lake

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

Port Clinton Place

1199 E Port Clinton RdVernon Hills, IL 60061
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Foxboro Apartments
1 to 2 Bedroom Apartments

Foxboro Apartments

470 Foxboro DrWheeling, IL 60090
Corporate Housing
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Windbrooke Crossing
1 to 2 Bedroom Apartments

Windbrooke Crossing

1160 Windbrooke DrBuffalo Grove, IL 60089
Corporate Housing

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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Lincolnshire, IL Local Guide

Cheapest Available Lincolnshire Apartments for Rent

 

The cheapest available apartment rental in Lincolnshire, IL is a 1 Bed unit found at Hunt Club Apartments in the Milwaukee Avenue neighborhood priced from $1,350. Park Butterfield Apartments in the South Vernon Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,455. Here is today’s list of the most affordable Lincolnshire apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hunt Club ApartmentsAsh (1 Bed U)1BR,1BA$1,350
Park Butterfield ApartmentsStudio Floor Plan S1Studio,1BA$1,455
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$1,485
Mallard LakeGeneva1BR,1BA$1,570
ReNew Lake Arlington1x1B1BR,1BA$1,619
Mandalane1A1BR,1BA$1,639
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$1,650
Foxboro ApartmentsAstor1BR,1BA$1,671
Pebbleshire ApartmentsOne Bedroom- Laminate1BR,1BA$1,675
Arrive North ShorePalmer1BR,1BA$1,699

Best Value Apartments for Rent in Lincolnshire, IL

As of May 07, 2026 the best value apartment in the Lincolnshire area is the $1.80 price per square foot 3 Bedroom Model at Union Apartments in the in the McHenry Road neighborhood starting from $2,200. The second greatest value Lincolnshire apartment is the 2x1.5 Model at ReNew Lake Arlington starting at $2,029 with a $1.93 price per square foot in the McHenry Road 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.
Union Apartments3 Bedroom3BR,2BA$1.80
ReNew Lake Arlington2x1.52BR,1.5BA$1.93
301 Riverwalk PlaceThe Elm1BR,1BA$2.38
One Wheeling Town Center1B1BA-1A1BR,1BA$2.36
Mallard LakeGeneva1BR,1BA$1.96
Pebbleshire ApartmentsOne Bedroom- Laminate1BR,1BA$2.13
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$2.20
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$2.09
Hunt Club ApartmentsOak (1Bed G-R)1BR,1BA$2.36
Mandalane1A1BR,1BA$2.40

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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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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.

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

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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 $1,455.

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

The lowest price for a Cheap One Bedroom Lincolnshire Apartment is $1,485 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 $1,562 at Park Butterfield Apartments.

What is the most affordable Lincolnshire Three Bedroom Apartment?

The best deal on a cheap Lincolnshire Three Bedroom Apartment rental is at Union Apartments and starts from $2,200.

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.

Helpful Local Expert Guides

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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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.