163 Eagle Point Rd
Fox LakeIL60020
Cheap Homes for Rent in Round Lake, IL from $1,300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Round Lake.
1551 Crystal Rock Ct
Round Lake BeachIL60073
6 N Pistakee Lake Rd
Fox LakeIL60020
1545 Crystal Rock Ct
Round Lake BeachIL60073
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.
389 Meadow Green Ln
Round Lake BeachIL60073
708 S Cedarwood Cir
Round Lake HeightsIL60073
544 Meadow Green Ln
Round Lake BeachIL60073
1137 Mt Vernon Dr
GrayslakeIL60030
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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Round Lake, IL Local Guide
How much does it cost to rent a home in Round Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Round Lake 2 Bedroom Homes for Rent | $2,166 | $1,395 | $2,750 |
| Round Lake 3 Bedroom Homes for Rent | $2,742 | $2,000 | $3,950 |
| Round Lake 4 Bedroom Homes for Rent | $3,714 | $3,150 | $4,300 |
| Round Lake 5 Bedroom Homes for Rent | $2,999 | $2,999 | $2,999 |
| Round Lake 7 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Browse Top Homes for Rent in Round Lake
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Round Lake, IL Local Guide
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Cheapest Available Round Lake Apartments for Rent and Nearby
The cheapest available apartment rental in Round Lake, IL is a 1 Bed unit found at Wauconda Park Apartments in the Liberty Lakes - Freedom Series neighborhood priced from $1,200. Rosewood Round Lake has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,244. Here is today’s list of the most affordable Round Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wauconda Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1,200 |
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1,244 |
| Fawn Ridge Apartments | Summit Plus | 1BR,1BA | $1,273 |
Best Value Apartments for Rent in Round Lake, IL and Nearby
As of June 22, 2026 the best value apartment in the Round Lake area is the $1.78 price per square foot 2BR/2.0BA Model at Morris Station in the in the Central Vernon Hills neighborhood starting from $2,422. The second greatest value Round Lake apartment is the Waiting List Model at Northline Apartments starting at $1,990 with a $1.52 price per square foot in the Downtown Libertyville neighborhood. Here is today’s list of the best values for Round Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Morris Station | 2BR/2.0BA | 2BR,2BA | $1.78 |
| Northline Apartments | Waiting List | 2BR,2BA | $1.52 |
| Redwood Volo | Forestwood | 2BR,2BA | $1.86 |
| West Harbor Residences at Reva Bay | 2 Beds, 2 baths | 2BR,2BA | $1.52 |
| River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.82 |
| Grays Pointe Apartments | 2 Bedroom Platinum | 2BR,1.5BA | $1.56 |
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1.32 |
| Tuckaway Townhomes | 2 Bedroom Townhome | 2BR,2BA | $1.72 |
| Moore Court Apartments | 1BR/1BA DEN | 1BR,1BA | $1.72 |
| Fawn Ridge Apartments | Summit Plus | 1BR,1BA | $1.78 |
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 Article
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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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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Best Local Schools in Round Lake, IL
Magee Middle School
Round Lake Community Unit School District 116
Public School - Grades 6-8 (634)
4 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Round Lake, IL Rentals by Map
See the most popular apartments and homes in Round Lake, IL
Frequently Asked Questions about Round Lake
What type of rentals are currently available in Round Lake?
There are currently 68 Apartments for Rent in Round Lake, IL with pricing that ranges from $1,100 to $4,870. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Round Lake ranging from $1,395 to $4,300.
What is the current price range for Rental Homes in Round Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Round Lake ranges from $1,395 to $4,300 with an average monthly rent of $2,720.
How much are larger Three and Four Bedroom Rentals in Round Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Round Lake range from $1,257 to $4,466, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,950. Four Bedroom Single-Family rentals are also available starting from $3,150 and Four Bedroom Apartments start at $3,520.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.
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.
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.