
Cheap Apartments for Rent in the Lake Katherine Neighborhood of Palos Heights, IL from $1,000 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Katherine area of Palos Heights.


Briargate Apartments

11180 - 11185 Moraine Dr

Pinnacle Apartments

Chateau Royale

6545-6547 W 111th St

10923 S Lloyd Dr

10602 S Oak Tree Dr

10343 S Natoma Ave
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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.

7509 Southwest Hwy

6718 W 107th St

6639 W Lloyd Dr

10443 Natoma Ave

10811 S Lloyd Dr

10603 S 83rd Ave

7110-7120 W 107th St

10827 S Lloyd Dr

10805 S Lloyd Dr
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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.

10504 S Highland Rd

11225 S Roberts Rd

6844 W 111th Pl

10917 S Lloyd Ave

Woodland Terrace Apartments

6724 107th St

6616 104th Pl

6600 W 104th Pl

7501 Southwest Hwy
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Lode Apartments

10604 S Oak Tree Dr

11195 S Roberts Rd

Waters Edge Estates

11419 S Harlem Ave

11055 S Nagle Ave

Dream Comfort Properties

11001 S Ridgeland Ave

The Ridgeland Station
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

10425 S Natoma Ave

Creekside Apartments

10428 S Natoma
Lake Katherine, Palos Heights, IL Local Guide

How much does it cost to rent an apartment in Lake Katherine?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Katherine 1 Bedroom Apartments | $1,312 | $1,150 | $1,400 |
| Lake Katherine 2 Bedroom Apartments | $1,590 | $1,400 | $1,700 |
| Lake Katherine 3 Bedroom Apartments | $17,007 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 39 rentals with your search options within a 2 mile radius of the Lake Katherine Neighborhood of Palos Heights, IL.
See all Apartments in Palos HeightsExplore Palos Heights
Lake Katherine, Palos Heights, IL Local Guide
- Nearby Palos Heights neighborhoods
- Nearby Cities
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Cheapest Available Lake Katherine Apartments for Rent
 The cheapest available apartment rental in the Lake Katherine area of Chicago, IL is a 1 Bed unit found at Pinnacle Apartments priced from $1,150. Chateau Royale has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,325. Here are the most affordable Lake Katherine apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pinnacle Apartments | One Bedroom | 1BR,1BA | $1,150 |
| Chateau Royale | 1BR / 1 BA with Den | 1BR,1BA | $1,325 |
| 11011-11013 S Lloyd Dr | 1 Bed, 1 bath | 1BR,1BA | $1,400 |
| 11180 - 11185 Moraine Dr | 2 bed/1 bath | 2BR,1BA | $1,700 |
Best Value Apartments for Rent in Lake Katherine, IL
As of June 08, 2026 the best value apartment in the Lake Katherine area is the $1.56 price per square foot 2BR / 1 BA Model at Chateau Royale in the in the Lake Katherine neighborhood starting from $1,400. The second greatest value Lake Katherine apartment is the 2 bed/1 bath Model at 11180 - 11185 Moraine Dr starting at $1,700 with a $2.02 price per square foot in the Lake Katherine neighborhood. Here is today’s list of the best values for Lake Katherine apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Chateau Royale | 2BR / 1 BA | 2BR,1BA | $1.56 |
| 11180 - 11185 Moraine Dr | 2 bed/1 bath | 2BR,1BA | $2.02 |
| 11011-11013 S Lloyd Dr | 1 Bed, 1 bath | 1BR,1BA | $2.33 |
| Pinnacle Apartments | One Bedroom | 1BR,1BA | $2.61 |
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 Lake Katherine, Palos Heights, IL
Palos East Elementary School
Amos Alonzo Stagg High School
Palos South Middle School
School data provided by Great Schools
Frequently Asked Questions about Cheap Lake Katherine Apartments
How much is rent for a Cheap One Bedroom Lake Katherine Apartment?
The lowest price for a Cheap One Bedroom Lake Katherine Apartment is $1,150 at Pinnacle Apartments.
What is the lowest price for a Cheap Two Bedroom Lake Katherine Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake Katherine is starting from $1,400 at Chateau Royale.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Pet-Friendly Renting: Everything You Need to Know Before You Move
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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.

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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.