
Cheap Apartments for Rent in Riverwoods, IL from $800 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in Riverwoods.


Hunt Club Apartments

Union Apartments

Woodview Apartments

The Green At Chevy Chase Apartments

1411 Johnson Dr

One Wheeling Town Center

444 Social
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.

Northgate Crossing of Wheeling

The Wheatlands Apartments

Uptown 500

301 Riverwalk Place

1128 Johnson Dr

1227 Elder Ct, Unit Cedar Run

Furnished Studio-Chicago - Buffalo Grove - Deerfield

Total Monthly Price
AMLI Deerfield
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1022 Boxwood Ct

1054 Deerpath Ct

1450 Inverrary Ln, Unit Condominium

1106 Wildberry Ct, Unit B1

Rivertrail Apartments

55-77 E Strong St

Wheeling Manor

Arbor Court Apartments
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Foxboro Apartments

Park Meadows LLC

Windbrooke Crossing

1326 W Inverrary Ln

958 W Inverrary Ln

1121 Waukegan Rd

475 Plum Creek Dr

146 W Inverrary Ln
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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.

576 Greystone Ln

1344 Barclay Ln

1106 Wildberry Ct
Riverwoods, IL Local Guide

How much does it cost to rent an apartment in Riverwoods?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Riverwoods Studio Apartments | $1,973 | $1,658 | $3,999 |
| Cheap Riverwoods 1 Bedroom Apartments | $2,217 | $1,350 | $4,693 |
| Cheap Riverwoods 2 Bedroom Apartments | $2,887 | $1,582 | $4,948 |
| Cheap Riverwoods 3 Bedroom Apartments | $4,649 | $2,670 | $7,500 |
Browse Top Apartments in Riverwoods
See all Apartments in RiverwoodsExplore Riverwoods
Riverwoods, IL Local Guide
- Nearby Cities
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Cheapest Available Riverwoods Apartments for Rent
 The cheapest available apartment rental in Riverwoods, IL is a 1 Bed unit found at Foxboro Apartments in the Dundee Road neighborhood priced from $1,535. Park Meadows LLC in the McHenry Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,675. Here is today’s list of the most affordable Riverwoods apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Foxboro Apartments | Astor | 1BR,1BA | $1,535 |
| Park Meadows LLC | 1BR/1.0BA | 1BR,1BA | $1,675 |
| The Green At Chevy Chase Apartments | Doral | 1BR,1BA | $1,750 |
| The Wheatlands Apartments | Normandy | 1BR,1BA | $1,865 |
| Uptown 500 | The 312 (A1) | 1BR,1BA | $2,049 |
| Windbrooke Crossing | Willow | 1BR,1BA | $2,052 |
| Woodview Apartments | 1 Bed/1 Bath | 1BR,1BA | $2,135 |
| One Wheeling Town Center | 1B1BA-1A | 1BR,1BA | $2,205 |
| 301 Riverwalk Place | The Elm | 1BR,1BA | $2,295 |
| Northgate Crossing of Wheeling | Georgian | 1BR,1BA | $2,370 |
Best Value Apartments for Rent in Riverwoods, IL
As of June 09, 2026 the best value apartment in the Riverwoods area is the $2.45 price per square foot Center Unit Model at Townhomes at Pointe Drive in the in the North Northfield neighborhood starting from $3,995. The second greatest value Riverwoods apartment is the Two-Bed/Den Model at 444 Social starting at $3,200 with a $2.46 price per square foot . 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 | $2.45 |
| 444 Social | Two-Bed/Den | 2BR,2BA | $2.46 |
| 301 Riverwalk Place | The Elm | 1BR,1BA | $2.38 |
| Northgate Crossing of Wheeling | Georgian | 1BR,1BA | $2.68 |
| Foxboro Apartments | Fairfield | 2BR,1.25BA | $2.32 |
| Windbrooke Crossing | Laurel | 2BR,1BA | $2.62 |
| One Wheeling Town Center | 1B1BA-1A | 1BR,1BA | $2.63 |
| The Wheatlands Apartments | Normandy Deluxe | 1BR,1BA | $2.61 |
| Uptown 500 | The 312 (A1) | 1BR,1BA | $2.56 |
| Park Meadows LLC | 1BR/1.0BA | 1BR,1BA | $2.24 |
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 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 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.
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
How much is rent for a Cheap One Bedroom Riverwoods Apartment?
The lowest price for a Cheap One Bedroom Riverwoods Apartment is $1,535 at Foxboro 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 $1,850 at Park Meadows LLC.
What is the most affordable Riverwoods Three Bedroom Apartment?
The best deal on a cheap Riverwoods Three Bedroom Apartment rental is at One Wheeling Town Center and starts from $3,437.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
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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.