
Cheap Homes for Rent in Riverwoods, IL from $1,500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Riverwoods.


115 E Dundee Rd

Furnished Studio-Chicago - Buffalo Grove - Deerfield

683 Cleo Ct

1311 Fall Ct
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.

544 Wynn Ct

848 Oxford Pl

552 Greystone Ln

1121 Waukegan Rd

475 Plum Creek Dr
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.

1142 W Inverrary Ln

526 Inverrary Ln

155 W Wayne Pl

262 Inverrary Ln

190 N Milwaukee Ave
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

1054 Deerpath Ct

854 Cambridge Pl
Riverwoods, IL Local Guide

How much does it cost to rent a home in Riverwoods?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Riverwoods 2 Bedroom Homes for Rent | $2,315 | $2,150 | $2,500 |
| Riverwoods 3 Bedroom Homes for Rent | $3,476 | $2,100 | $7,000 |
| Riverwoods 4 Bedroom Homes for Rent | $4,367 | $2,685 | $5,900 |
| Riverwoods 5 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Browse Top Homes for Rent in Riverwoods
Explore 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 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 $1,630. 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 M) | 1BR,1BA | $1,350 |
| Foxboro Apartments | Easton | 1BR,1BA | $1,630 |
| The Green At Chevy Chase Apartments | Doral | 1BR,1BA | $1,700 |
| 444 Social | Studio | Studio,1BA | $1,700 |
| The Wheatlands Apartments | Normandy | 1BR,1BA | $1,840 |
Best Value Apartments for Rent in Riverwoods, IL
As of February 24, 2026 the best value apartment in the Riverwoods area is the $1.80 price per square foot 3 Bedroom Model at Union Apartments in the in the McHenry Road neighborhood starting from $2,200. The second greatest value Riverwoods apartment is the Fairfield Model at Foxboro Apartments starting at $2,009 with a $2.36 price per square foot in the Dundee 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. |
|---|---|---|---|
| Union Apartments | 3 Bedroom | 3BR,2BA | $1.80 |
| Foxboro Apartments | Fairfield | 2BR,1.25BA | $2.36 |
| Windbrooke Crossing | Laurel | 2BR,1BA | $2.67 |
| The Wheatlands Apartments | Normandy Deluxe | 1BR,1BA | $2.61 |
| Uptown 500 | The 312 (A1) | 1BR,1BA | $2.79 |
| Woodview Apartments | 1 Bed/1 Bath | 1BR,1BA | $2.85 |
| Hunt Club Apartments | Oak (1Bed G-R) | 1BR,1BA | $2.50 |
| Northgate Crossing of Wheeling | Arlington | 1BR,1BA | $2.81 |
| One Wheeling Town Center | 1B1BA-1N | 1BR,1BA | $2.99 |
| 444 Social | Studio | Studio ,1BA | $3.12 |
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 Riverwoods
What type of rentals are currently available in Riverwoods?
There are currently 85 Apartments for Rent in Riverwoods, IL with pricing that ranges from $1,350 to $7,000. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverwoods ranging from $1,590 to $7,000.
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 $1,590 to $7,000 with an average monthly rent of $3,349.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.