Cheap Homes for Rent in Mundelein, IL from $1,300 (18 Rentals)

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Search the lowest-cost Homes available for rent right now in Mundelein.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 555 Deepwoods Dr

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

2 Bedroom, 2 Bath Condo for Rent

Available Sep 1

555 Deepwoods Dr, Unit 2E

555 Deepwoods Dr
MundeleinIL60060

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 17 Cedar Ct

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

2 Bedroom, 1.5 Bath Condo for Rent

Available Sep 1

17 Cedar Ct, Unit 17 Cedar Ct 5

17 Cedar Ct
Vernon HillsIL60061

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-18, Page 1 of 1

Mundelein, IL Local Guide

Cheapest Neighborhoods for Apartments in Mundelein, IL

Pricing Updated: 08/22/2026

Current apartment rentals in the Mundelein, IL area range in price from $1,295 to $2,952 with an overall median price of $2,153. Here is today’s list neighborhoods with the lowest median pricing for Mundelein Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Grand Dominion$2,152$1,29524
Countryside$2,155$1,29521

Cheapest Available Mundelein Apartments for Rent

 

The cheapest available apartment rental in Mundelein, IL is a Studio unit found at 705 S Milwaukee Ave in the Central Vernon Hills neighborhood priced from $1,400. Heritage Green Apartments in the Central Vernon Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,445. Here is today’s list of the most affordable Mundelein apartments for rent:

Apartment ListingModel NameBed/BathPriced From
705 S Milwaukee AveStudioStudio,1BA$1,400
Heritage Green Apartments1 BR/1BA1BR,1BA$1,445
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$1,485
Park Butterfield ApartmentsStudio Floor Plan S1Studio,1BA$1,498
Emerald Pointe Apartments1 Bedroom 1 Bath (714 sq ft)1BR,1BA$1,579

Best Value Apartments for Rent in Mundelein, IL

As of August 23, 2026 the best value apartment in the Mundelein area is the $2.14 price per square foot E5N Model at Eleven 5 Lake in the in the Downtown Libertyville neighborhood starting from $3,695. The second greatest value Mundelein apartment is the 2BR/2.0BA Model at Morris Station starting at $2,525 with a $1.86 price per square foot in the Central Vernon Hills neighborhood. Here is today’s list of the best values for Mundelein apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eleven 5 LakeE5N3BR,2BA$2.14
Morris Station2BR/2.0BA2BR,2BA$1.86
Northline ApartmentsWaiting List2BR,2BA$1.52
The Majestic Luxury ApartmentsB32BR,2BA$2.68
Cardinal Square - Building D2CSD2 - x08 Tier1BR,1BA$2.52
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$2.20
Heritage Green Apartments1 BR/1BA1BR,1BA$1.93
Emerald Pointe Apartments1 Bedroom 1 Bath (714 sq ft)1BR,1BA$2.21
Pebbleshire ApartmentsOne Bedroom B - Carpet1BR,1BA$2.35
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$2.09

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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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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Mundelein, IL

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Mundelein

What type of rentals are currently available in Mundelein?

There are currently 90 Apartments for Rent in Mundelein, IL with pricing that ranges from $1,050 to $10,255. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mundelein ranging from $1,300 to $8,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mundelein ranges from $1,300 to $8,500 with an average monthly rent of $2,779.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.