Cheap Homes for Rent in Lake Katherine Neighborhood of Palos Heights, IL from $1,500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Katherine area of Palos Heights.

10805 S Lloyd Dr
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11124 S 84th Ave, Unit 2b

6255 Birmingham St

13140 S 86th Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Lake Katherine, Palos Heights, IL Local Guide

How much does it cost to rent a home in Lake Katherine?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Katherine 2 Bedroom Homes for Rent | $1,575 | $1,575 | $1,575 |
Lake Katherine 3 Bedroom Homes for Rent | $3,425 | $1,850 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Lake Katherine Neighborhood of Palos Heights, IL.
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Lake Katherine, Palos Heights, IL Local Guide
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Cheapest Available Lake Katherine Apartments for Rent
 Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Pinnacle Apartments | One Bedroom | 1BR,1BA | $985 |
11011-11013 S Lloyd Dr | 1 Bed, 1 bath | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Lake Katherine, IL
As of July 30, 2025 the best value apartment in the Lake Katherine area is the $2.08 price per square foot 1 Bed, 1 bath Model at 11011-11013 S Lloyd Dr in the in the Lake Katherine neighborhood starting from $1,250. The second greatest value Lake Katherine apartment is the One Bedroom Model at Pinnacle Apartments starting at $985 with a $2.24 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. |
---|---|---|---|
11011-11013 S Lloyd Dr | 1 Bed, 1 bath | 1BR,1BA | $2.08 |
Pinnacle Apartments | One Bedroom | 1BR,1BA | $2.24 |
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Frequently Asked Questions about Lake Katherine
What type of rentals are currently available in Lake Katherine?
There are currently 79 Apartments for Rent in Lake Katherine, IL with pricing that ranges from $985 to $1,600. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Katherine ranging from $1,575 to $5,000.
What is the current price range for Rental Homes in Lake Katherine?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Katherine ranges from $1,575 to $5,000 with an average monthly rent of $2,500.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.