Cheap Apartments for Rent near Third Lake, IL from $1,075 (48 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Savanna Ridge
$1,823 - $2,108

Total Monthly Price

Base Rent$1,823 - $2,108
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Oct 9

Savanna Ridge

18400 W IL Route 120Grayslake, IL 60030
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Grayslake Apartments
1 Bedroom Apartments

Grayslake Apartments

325-365 Neville DrGrayslake, IL 60030
Senior Living
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Brookstone Apartments
1 to 2 Bedroom Apartments

Brookstone Apartments

4247 Hickory Hills DrWaukegan, IL 60087
  • Utilities Included

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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534 E Washington St
Studio to 1 Bedroom Apartments

534 E Washington St

534 E Washington StRound Lake Park, IL 60073
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239 N Lake St
1 to 2 Bedroom Apartments

239 N Lake St

239 N Lake StGrayslake, IL 60030
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84 W Belvidere Rd
2 Bedroom Apartments

84 W Belvidere Rd

84 W Belvidere RdGrayslake, IL 60030
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215 E Park Ave
1 to 2 Bedroom Apartments

215 E Park Ave

215 E Park AveLibertyville, IL 60048
  • 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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Showing Results 1-48, Page 1 of 1

Third Lake, IL Local Guide

Cheapest Available Third Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Third Lake, IL is a 1 Bed unit found at Briarwood Apartments in the Pleasant Hill neighborhood priced from $1,175. Woodview Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here is today’s list of the most affordable Third Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Briarwood Apartments1BR/1BA1BR, 1BA$1,175
Woodview Apartments1BR/1BA1BR, 1BA$1,400
Kings Court Apartments1 bd1BR, 1BA$1,400
Imperial Tower ApartmentsThe Grand1BR, 1BA$1,413
The Lakes at Fountain Square Apartment HomesMichigan1BR, 1BA$1,444
Grays Pointe Apartments2 Bedroom Premium2BR, 1BA$1,500
Heritage Green2BR/1.5BA2BR, 1BA$1,500
Luna ParkA-11BR, 1BA$1,575
The Preserve at Osprey LakeThe Starling IStudio, 1BA$1,621
Mallard RidgeHawthorne2BR, 1BA$1,625

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

As of September 23, 2026 the best value apartment in the Third Lake area is the $1.68 price per square foot Campania End Model at Deercrest of Antioch in the Grant's Grove neighborhood starting from $2,890. The second greatest value Third Lake apartment is the 2BR/2.0BA Model at Morris Station in the Central Vernon Hills neighborhood starting at $2,534 with a $1.86 price per square foot. Here is today’s list of the best values for Third Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Deercrest of AntiochCampania End3BR, 2.5BA$1.68
Morris Station2BR/2.0BA2BR, 2BA$1.86
Northline ApartmentsWaiting List2BR, 2BA$1.52
Heritage Green2BR/1.5BA2BR, 1.5BA$1.54
Mallard RidgeHawthorne2BR, 1BA$1.68
Grays Pointe Apartments2 Bedroom Premium2BR, 1BA$1.56
Imperial Tower ApartmentsThe Grand1BR, 1BA$1.61
Kings Court Apartments1 bd1BR, 1BA$1.75
Luna ParkA-11BR, 1BA$1.97
Briarwood Apartments1BR/1BA1BR, 1BA$1.72

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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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.

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

Explore Third Lake, IL Rentals by Map

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Frequently Asked Questions about Cheap Third Lake Apartments

How much is rent for a Cheap One Bedroom Third Lake Apartment?

The lowest price for a Cheap One Bedroom Third Lake Apartment is $1,175 at Briarwood Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Third Lake is starting from $1,400 at Briarwood Apartments.

What is the most affordable Third Lake Three Bedroom Apartment?

The best deal on a cheap Third Lake Three Bedroom Apartment rental is at Clublands of Antioch and starts from $3,525.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.