
Cheap Apartments for Rent in Riverwoods, IL from $800 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Riverwoods.


Furnished Studio-Chicago - Buffalo Grove - Deerfield

One Wheeling Town Center

The Green At Chevy Chase Apartments

444 Social

Uptown 500
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.
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.
Riverwoods, IL Local Guide

How much does it cost to rent an apartment in Riverwoods?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Riverwoods Studio Apartments | $2,025 | $1,679 | $3,999 |
| Riverwoods 1 Bedroom Apartments | $2,165 | $1,350 | $3,560 |
| Riverwoods 2 Bedroom Apartments | $2,884 | $1,600 | $5,351 |
| Riverwoods 3 Bedroom Apartments | $3,523 | $2,200 | $7,000 |
Browse Top Apartments in Riverwoods
See all Apartments in RiverwoodsExplore Riverwoods
Riverwoods, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Riverwoods Apartments for Rent and Nearby
 The cheapest available apartment rental in Riverwoods, IL is a 1 Bed unit found at Hunt Club Apartments in the Milwaukee Avenue neighborhood priced from $1,350. Foxboro Apartments in the Dundee Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,545. Here is today’s list of the most affordable Riverwoods apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hunt Club Apartments | Ash (1 Bed U) | 1BR,1BA | $1,350 |
| Foxboro Apartments | Astor | 1BR,1BA | $1,545 |
| The Green At Chevy Chase Apartments | Doral | 1BR,1BA | $1,750 |
| Northgate Crossing of Wheeling | Berkshire | 1BR,1BA | $1,850 |
| The Wheatlands Apartments | Normandy | 1BR,1BA | $1,860 |
Best Value Apartments for Rent in Riverwoods, IL and Nearby
As of December 26, 2025 the best value apartment in the Riverwoods area is the $1.82 price per square foot Center Unit Model at Townhomes at Pointe Drive in the in the North Northfield neighborhood starting from $4,295. The second greatest value Riverwoods apartment is the 3 Bedroom Model at Union Apartments starting at $2,200 with a $1.80 price per square foot in the McHenry Road neighborhood. Here is today’s list of the best values for Riverwoods apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townhomes at Pointe Drive | Center Unit | 3BR,2.5BA | $1.82 |
| Union Apartments | 3 Bedroom | 3BR,2BA | $1.80 |
| 444 Social | Two-Bedroom | 2BR,2BA | $2.91 |
| Foxboro Apartments | Fairfield | 2BR,1.25BA | $2.35 |
| Windbrooke Crossing | Laurel | 2BR,1BA | $2.51 |
| Hunt Club Apartments | Maple (2Bed G-R) | 2BR,1BA | $2.29 |
| The Wheatlands Apartments | Normandy Deluxe | 1BR,1BA | $2.61 |
| Uptown 500 | The 312 (A1) | 1BR,1BA | $2.89 |
| Northgate Crossing of Wheeling | Arlington | 1BR,1BA | $2.87 |
| One Wheeling Town Center | Studios-1B | Studio ,1BA | $2.83 |
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 ArticleBest Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Riverwoods, IL Rentals by Map
See the most popular apartments and homes in Riverwoods, IL
Frequently Asked Questions about Cheap Riverwoods Apartments
What is the Cheapest Studio apartment in Riverwoods?
Currently the most affordable Cheap Studio Apartment in Riverwoods is at One Wheeling Town Center listed at $1,871.
How much is rent for a Cheap One Bedroom Riverwoods Apartment?
The lowest price for a Cheap One Bedroom Riverwoods Apartment is $1,350 at Hunt Club Apartments.
What is the lowest price for a Cheap Two Bedroom Riverwoods Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Riverwoods is starting from $1,600 at Hunt Club Apartments.
What is the most affordable Riverwoods Three Bedroom Apartment?
The best deal on a cheap Riverwoods Three Bedroom Apartment rental is at Union Apartments and starts from $2,200.
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
Written by: Nicole Harms
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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
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.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
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.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!






