Cheap Homes for Rent in Round Lake, IL from $1,300 (12 Rentals)

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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.

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.

Round Lake, IL Local Guide

Cheapest Available Round Lake Apartments for Rent

 

The cheapest available apartment rental in Round Lake, IL is a 2 Beds unit found at Rosewood Apartments priced from $1,244. Lakeside Village Apartments in the Grosse Pointe Village neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here is today’s list of the most affordable Round Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rosewood Apartments2 Bedroom2BR,1BA$1,244
Lakeside Village Apartments0 BED / 1.0 BATH, 340 SQ FT - RENOVATEDStudio,1BA$1,250
Heritage Green Apartments1 BR/1BA1BR,1BA$1,275
Patriot Oaks (FKA Timber Oaks)1 Bedroom 1 Bathroom1BR,1BA$1,307
Coventry Glen Apartments2 Bdrm/2 Bath-2nd FlrS2BR,2BA$1,335

Best Value Apartments for Rent in Round Lake, IL

As of January 30, 2026 the best value apartment in the Round Lake area is the $1.90 price per square foot Meadowood Model at Redwood Volo in the in the Liberty Lakes - Freedom Series neighborhood starting from $2,524. The second greatest value Round Lake apartment is the 2 Beds, 2 baths Model at West Harbor Residences at Reva Bay starting at $1,900 with a $1.52 price per square foot in the Amber Shores 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.
Redwood VoloMeadowood2BR,2BA$1.90
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.52
Coventry Glen Apartments2 Bdrm/2 Bath-2nd FlrS2BR,2BA$1.12
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.77
Savanna RidgeB32BR,2BA$1.92
Moore Court Apartments2BR/1BA2BR,1BA$1.58
Grays Pointe Apartments2 Bedroom Platinum2BR,1.5BA$1.56
Rosewood Apartments2 Bedroom2BR,1BA$1.32
Tuckaway Townhomes2 Bedroom Townhome2BR,2BA$1.70
Heritage Green Apartments1 BR/1BA1BR,1BA$1.70

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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The 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.

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

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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 $4,900. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Round Lake ranging from $1,325 to $3,500.

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 $1,325 to $3,500 with an average monthly rent of $2,455.

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 $4,395, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $3,505.

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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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.

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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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.