Cheap Homes for Rent in Mundelein, IL from $1,200 (11 Rentals)

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

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.

property at 1006 Centurion Ln

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

2 Bedroom, 1.5 Bath Condo for Rent

Available Aug 1

1006 Centurion Ln, Unit Apartment

1006 Centurion Ln
Vernon HillsIL60061

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.

Mundelein, IL Local Guide

Cheapest Neighborhoods for Apartments in Mundelein, IL

Pricing Updated: 07/08/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Countryside$2,600$2,5502
Grand Dominion$3,797$1,20013

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 ListingModel NameBed/BathPriced From
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 Apartments1 Bedroom Floor Plan A11BR,1BA$1,512
Emerald Pointe Apartments1 Bedroom 1 Bath (714 sq ft)1BR,1BA$1,607
Pebbleshire ApartmentsOne Bedroom- Carpet1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Eleven 5 LakeE5N3BR,2BA$2.14
Morris Station2BR/2.0BA2BR,2BA$1.78
Northline ApartmentsWaiting List2BR,2BA$1.52
705 S Milwaukee Ave3 Bedroom 2 Bath3BR,2BA$1.63
865 Westmoreland Dr, Unit 19865 Westmoreland Dr1BR,1BA$1.72
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$2.14
Pebbleshire ApartmentsOne Bedroom- Laminate1BR,1BA$2.13
Heritage Green Apartments1 BR/1BA1BR,1BA$1.93
Park Butterfield Apartments1 Bedroom Floor Plan A11BR,1BA$2.02
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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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

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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.

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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.

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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.

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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.