
Cheap Homes for Rent in Mundelein, IL from $1,400 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Mundelein.


700 McKinley Ave, Unit 308

2 Timber Ln

3 Cedar Ct

260 E Court of Shorewood
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.

6 Parkside Ct

820 N Lakeside Dr

711 S Milwaukee Ave

1005 Cleveland Ct

Furnished Studio-Chicago - Vernon Hills - Lake Forest
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.

249 W Court of Shorewood, Unit 1B, Unit 1B
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 | $2,100 | $1,450 | $3,100 |
| Mundelein 3 Bedroom Homes for Rent | $2,991 | $2,400 | $3,750 |
| Mundelein 4 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
| Mundelein 5 Bedroom Homes for Rent | $5,700 | $3,900 | $7,000 |
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: 05/16/2026Current 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 | $2,586 | $1,485 | 24 |
| Grand Dominion | $2,586 | $1,445 | 25 |
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 | 2 Bedroom Floor Plan B1 | 2BR,1BA | $1,558 |
| Pebbleshire Apartments | One Bedroom- Laminate | 1BR,1BA | $1,675 |
| Emerald Pointe Apartments | 1 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Morris Station | 2BR/2.0BA | 2BR,2BA | $1.78 |
| Northline Apartments | Waiting List | 2BR,2BA | $1.52 |
| Park Butterfield Apartments | 2 Bedroom Floor Plan B2 | 2BR,2BA | $1.61 |
| 705 S Milwaukee Ave | 2 Bedroom- 2 Bath | 2BR,2BA | $2.05 |
| 865 Westmoreland Dr, Unit 23 | 865 Westmoreland Dr | 1BR,1BA | $1.69 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $2.26 |
| Pebbleshire Apartments | One Bedroom- Laminate | 1BR,1BA | $2.13 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.93 |
| Emerald Pointe Apartments | 1 Bedroom 1 Bath (714 sq ft) | 1BR,1BA | $2.36 |
| 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 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

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.

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.

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.

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.