Cheap Apartments for Rent in Round Lake Beach, IL from $1,000 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in Round Lake Beach.

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.

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Lakewood Tower
1 to 2 Bedroom Apartments

Lakewood Tower

320 N Milwaukee AveLake Villa, IL 60046
Senior Living
  • Utilities Included

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.

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Cash 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.

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Showing Results 1-21, Page 1 of 1

Round Lake Beach, IL Local Guide

Cheapest Available Round Lake Beach Apartments for Rent

 

The cheapest available apartment rental in Round Lake Beach, IL is a 2 Beds unit found at Rosewood Round Lake priced from $1,244. 534 E Washington St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,325. Here is today’s list of the most affordable Round Lake Beach apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rosewood Round Lake2 Bedroom2BR,1BA$1,244
534 E Washington StOne bed/One bath1BR,1BA$1,325
Lakeview Terrace ApartmentsTwo Bedroom2BR,1BA$1,400
Brittany Square1 Bedroom1BR,1BA$1,475
Water's Edge Apartments2 Bdrm/1 Bath2BR,1BA$1,690

Best Value Apartments for Rent in Round Lake Beach, IL

As of June 17, 2026 the best value apartment in the Round Lake Beach area is the $1.66 price per square foot Two Bedroom Two Bath Model at The Sanctuary of Lake Villa in the in the Heritage Park neighborhood starting from $2,020. The second greatest value Round Lake Beach apartment is the 2 Bdrm/2 bath-1st FlrW Model at Coventry Glen Apartments starting at $1,770 with a $1.59 price per square foot . Here is today’s list of the best values for Round Lake Beach apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Sanctuary of Lake VillaTwo Bedroom Two Bath2BR,2BA$1.66
Coventry Glen Apartments2 Bdrm/2 bath-1st FlrW2BR,2BA$1.59
Lakeview Terrace ApartmentsTwo Bedroom2BR,1.5BA$1.37
Water's Edge Apartments2 Bdrm/1 Bath2BR,1BA$1.78
Rosewood Round Lake2 Bedroom2BR,1BA$1.32
Brittany Square1 Bedroom1BR,1BA$1.97
534 E Washington StOne bed/One bath1BR,1BA$1.89

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.

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Real 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.

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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Round Lake Beach, IL Rentals by Map

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See the most popular apartments and homes in Round Lake Beach, IL

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Frequently Asked Questions about Cheap Round Lake Beach Apartments

What is the lowest price for a Cheap Two Bedroom Round Lake Beach Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Round Lake Beach is starting from $1,244 at Rosewood Round Lake.

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.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.