
Cheap Homes for Rent in Mundelein, IL from $1,200 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Mundelein.


865 Westmoreland Dr

57 Washington Blvd

826 N Milwaukee Ave, Unit D2

555 Deepwoods Dr
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.

1 Parkside Ct

17 Parkside Ct

1006 Centurion Ln, Unit Apartment

835 Waterview Cir

8 Echo Ct
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.

1003 Centurion Ln
Mundelein, IL Local Guide

How much does it cost to rent a home in Mundelein?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mundelein 2 Bedroom Homes for Rent | $2,285 | $1,750 | $3,000 |
| Mundelein 3 Bedroom Homes for Rent | $2,969 | $2,200 | $3,800 |
| Mundelein 4 Bedroom Homes for Rent | $3,611 | $1,900 | $4,950 |
| Mundelein 5 Bedroom Homes for Rent | $4,950 | $4,950 | $4,950 |
| Mundelein 7 Bedroom Homes for Rent | $1,200 | $1,200 | $1,200 |
Browse Top Homes for Rent in Mundelein
Explore Mundelein
Mundelein, IL Local Guide
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Cheapest Neighborhoods for Apartments in Mundelein, IL
Pricing Updated: 07/08/2026Current apartment rentals in the Mundelein, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Mundelein Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Countryside | $2,600 | $2,550 | 2 |
| Grand Dominion | $3,797 | $1,200 | 13 |
Cheapest Available Mundelein Apartments for Rent
 The cheapest available apartment rental in Mundelein, IL is a 1 Bed unit found at Heritage Green Apartments in the Central Vernon Hills neighborhood priced from $1,445. Lakeside Village Apartments in the Grosse Pointe Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,485. Here is today’s list of the most affordable Mundelein apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1,445 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 710 SQ FT MID LEVEL | 1BR,1BA | $1,485 |
| Park Butterfield Apartments | 1 Bedroom Floor Plan A1 | 1BR,1BA | $1,512 |
| Emerald Pointe Apartments | 1 Bedroom 1 Bath (714 sq ft) | 1BR,1BA | $1,607 |
| Pebbleshire Apartments | One Bedroom- Carpet | 1BR,1BA | $1,650 |
Best Value Apartments for Rent in Mundelein, IL
As of July 08, 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 $2,422 with a $1.78 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eleven 5 Lake | E5N | 3BR,2BA | $2.14 |
| Morris Station | 2BR/2.0BA | 2BR,2BA | $1.78 |
| Northline Apartments | Waiting List | 2BR,2BA | $1.52 |
| 705 S Milwaukee Ave | 3 Bedroom 2 Bath | 3BR,2BA | $1.63 |
| 865 Westmoreland Dr, Unit 19 | 865 Westmoreland Dr | 1BR,1BA | $1.72 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $2.14 |
| Pebbleshire Apartments | One Bedroom- Laminate | 1BR,1BA | $2.13 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.93 |
| Park Butterfield Apartments | 1 Bedroom Floor Plan A1 | 1BR,1BA | $2.02 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 710 SQ FT MID LEVEL | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Mundelein, IL
Mechanics Grove Elementary School
Mundelein Cons High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mundelein, IL Rentals by Map
See the most popular apartments and homes in Mundelein, IL
Frequently Asked Questions about Mundelein
What type of rentals are currently available in Mundelein?
There are currently 92 Apartments for Rent in Mundelein, IL with pricing that ranges from $1,295 to $10,493. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mundelein ranging from $1,200 to $4,950.
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 $1,200 to $4,950 with an average monthly rent of $2,791.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.