Cheap Homes for Rent in Lincolnshire, IL from $2,000 (11 Rentals)

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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.

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.

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 Lakeside Village Apartments in the Grosse Pointe Village neighborhood priced from $1,195. Park Butterfield Apartments in the South Vernon Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,363. Here is today’s list of the most affordable Lincolnshire apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakeside Village Apartments0 BED / 1.0 BATH, 343 SQ FT - MID LEVELStudio,1BA$1,195
Park Butterfield ApartmentsStudio Floor Plan S1Studio,1BA$1,363
Foxboro ApartmentsCapri1BR,1BA$1,404
Mandalane1A1BR,1BA$1,554
Brook RunCypress1BR,1BA$1,625

Best Value Apartments for Rent in Lincolnshire, IL and Nearby

As of October 16, 2025 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 Lorraine Deluxe Model at The Wheatlands starting at $2,500 with a $2.38 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
The WheatlandsLorraine Deluxe2BR,2BA$2.38
Mallard LakeSuperior2BR,2BA$1.92
Hunt Club ApartmentsOak (1Bed U-R)1BR,1BA$2.06
Pebbleshire ApartmentsOne Bedroom- Remodeled1BR,1BA$2.20
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$2.23
One Wheeling Town Center1B1BA-1P1BR,1BA$2.39
Waterford Place ApartmentsKildare (Reno)1BR,1BA$2.47
Mandalane1A1BR,1BA$2.27
Brook RunCypress1BR,1BA$2.44

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

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Frequently Asked Questions about Lincolnshire

What type of rentals are currently available in Lincolnshire?

There are currently 64 Apartments for Rent in Lincolnshire, IL with pricing that ranges from $1,195 to $16,077. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincolnshire ranging from $2,000 to $7,900.

What is the current price range for Rental Homes in Lincolnshire?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lincolnshire ranges from $2,000 to $7,900 with an average monthly rent of $3,671.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.