Cheap Homes for Rent in Mundelein, IL from $1,400 (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 6 Parkside Ct

$1,900 - $2,000

2 Bedroom Rentals

Available Now

6 Parkside Ct

Vernon HillsIL60061
property at 1005 Cleveland Ct

$2,050

Total Monthly Price

Total Monthly Price

Base Rent
$2,050

Total Monthly Price
$2,050

2 Bedroom, 1.5 Bath Condo for Rent

Available Jul 1

1005 Cleveland Ct

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: 05/16/2026

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$2,586$1,48524
Grand Dominion$2,586$1,44525

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 Apartments2 Bedroom Floor Plan B12BR,1BA$1,558
Pebbleshire ApartmentsOne Bedroom- Laminate1BR,1BA$1,675
Emerald Pointe Apartments1 Bedroom 1 Bath (714 sq ft)1BR,1BA$1,686

Best Value Apartments for Rent in Mundelein, IL

As of May 16, 2026 the best value apartment in the Mundelein area is the $1.78 price per square foot 2BR/2.0BA Model at Morris Station in the in the Central Vernon Hills neighborhood starting from $2,422. The second greatest value Mundelein apartment is the Waiting List Model at Northline Apartments starting at $1,990 with a $1.52 price per square foot in the Downtown Libertyville 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.
Morris Station2BR/2.0BA2BR,2BA$1.78
Northline ApartmentsWaiting List2BR,2BA$1.52
Park Butterfield Apartments2 Bedroom Floor Plan B22BR,2BA$1.61
705 S Milwaukee Ave2 Bedroom- 2 Bath2BR,2BA$2.05
865 Westmoreland Dr, Unit 23865 Westmoreland Dr1BR,1BA$1.69
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$2.26
Pebbleshire ApartmentsOne Bedroom- Laminate1BR,1BA$2.13
Heritage Green Apartments1 BR/1BA1BR,1BA$1.93
Emerald Pointe Apartments1 Bedroom 1 Bath (714 sq ft)1BR,1BA$2.36
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 89 Apartments for Rent in Mundelein, IL with pricing that ranges from $1,024 to $9,767. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mundelein ranging from $1,450 to $7,000.

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 $1,450 to $7,000 with an average monthly rent of $3,198.

How much are larger Three and Four Bedroom Rentals in Mundelein?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Mundelein range from $2,400 to $8,962, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $3,750. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $3,750.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.