Cheap Homes for Rent in Riverwoods, IL from $1,500 (16 Rentals)

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property at 107 E Dundee Rd

107 E Dundee Rd

WheelingIL60090

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.

property at 1402 Inverrary Ln

1402 Inverrary Ln

DeerfieldIL60015

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

property at 17 Le Jardin Ct

17 Le Jardin Ct

Buffalo GroveIL60089

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Riverwoods, IL Local Guide

Cheapest Available Riverwoods Apartments for Rent and Nearby

 

The cheapest available apartment rental in Riverwoods, IL is a 2 Beds unit found at Union Apartments in the McHenry Road neighborhood priced from $1,522. Foxboro Apartments in the Dundee Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,734. Here is today’s list of the most affordable Riverwoods apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Union Apartments2 Bedroom2BR,1BA$1,522
Foxboro ApartmentsEaston1BR,1BA$1,734
Hunt Club ApartmentsOak (1Bed U-R)1BR,1BA$1,750
The Green at Chevy ChaseSt. Andrews1BR,1BA$1,800
Northgate Crossing of WheelingBerkshire1BR,1BA$1,950

Best Value Apartments for Rent in Riverwoods, IL and Nearby

As of May 25, 2025 the best value apartment in the Riverwoods area is the $2.45 price per square foot End Unit Model at Townhomes at Pointe Drive in the in the Milwaukee Avenue neighborhood starting from $3,995. The second greatest value Riverwoods apartment is the Three-Bedroom Model at 444 Social starting at $3,600 with a $2.58 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Townhomes at Pointe DriveEnd Unit3BR,2.5BA$2.45
444 SocialThree-Bedroom3BR,2BA$2.58
The WheatlandsLorraine Plus2BR,2BA$2.30
The Green at Chevy ChasePebble Beach2BR,2BA$2.43
One Wheeling Town Center1B1BA+D-1M1BR,1BA$2.64
Union Apartments2 Bedroom2BR,1BA$1.69
Uptown 500The 312 (A1)1BR,1BA$2.50
Hunt Club ApartmentsOak (1Bed G-R)1BR,1BA$2.50
Foxboro ApartmentsAstor1BR,1BA$2.61
Northgate Crossing of WheelingArlington1BR,1BA$2.94

Quick Rent Budget Calculator

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Frequently Asked Questions about Riverwoods

What type of rentals are currently available in Riverwoods?

There are currently 84 Apartments for Rent in Riverwoods, IL with pricing that ranges from $1,709 to $5,400. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverwoods ranging from $1,550 to $6,500.

What is the current price range for Rental Homes in Riverwoods?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Riverwoods ranges from $1,550 to $6,500 with an average monthly rent of $3,019.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.