Cheap Homes for Rent in Round Lake, IL from $1,000 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Cheap Homes in Round Lake.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Round Lake, IL Local Guide

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. Grays Pointe Apartments in the Wildwood on Gages Lake neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,500. Here is today’s list of the most affordable Round Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wauconda Park Apartments1 bed/1 bath1BR,1BA$1,200
Grays Pointe Apartments2 Bedroom Standard2BR,1BA$1,500
Authentix McHenry1 BR Horizon Courtyard1BR,1BA$1,523

Best Value Apartments for Rent in Round Lake, IL and Nearby

As of May 04, 2025 the best value apartment in the Round Lake area is the $2.20 price per square foot 3 Bedroom / 2 Bathroom Model at Eleven5 Lake in the in the Central Vernon Hills neighborhood starting from $3,745. The second greatest value Round Lake apartment is the Ravello (SFR) Model at Clublands of Antioch starting at $3,079 with a $2.28 price per square foot in the Heritage Park neighborhood. Here is today’s list of the best values for Round Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eleven5 Lake3 Bedroom / 2 Bathroom3BR,2BA$2.20
Clublands of AntiochRavello (SFR)3BR,2BA$2.28
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.48
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.68
Grays Pointe Apartments2 Bedroom Platinum FP2BR,1.5BA$1.56
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$2.30
Station 250The Highland1BR,1BA$2.78
Wauconda Park Apartments1 bed/1 bath1BR,1BA$1.71
Cardinal Square - Building D2CSD2 - x02 Tier (Floor 2 Only)1BR,1BA$2.77
Authentix McHenry1 BR Horizon Overlook1BR,1BA$2.38

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Round Lake

What type of rentals are currently available in Round Lake?

There are currently 66 Apartments for Rent in Round Lake, IL with pricing that ranges from $1,002 to $4,912. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Round Lake ranging from $1,195 to $3,950.

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 $1,195 to $3,950 with an average monthly rent of $2,661.

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 $1,593 to $4,395, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $3,240.

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 Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.