Cheap Apartments for Rent in Third Lake, IL from $1,000 (29 Rentals)

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Brookstone Apartments
1 to 2 Bedroom Apartments

Brookstone Apartments

4247 Hickory Hills DrWaukegan, IL 60087
  • Utilities Included

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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property at 3305 Sunset Ave

3305 Sunset Ave

WaukeganIL60087

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Showing Results 1-29, 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 Kings Court Apartments in the Norshore Park neighborhood priced from $1,150. Briarwood Apartments in the Pleasant Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here is today’s list of the most affordable Third Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Kings Court Apartments1 bd1BR,1BA$1,150
Briarwood Apartments1BR/1BA1BR,1BA$1,175
Lakewood Tower2 Bed 790SF2BR,1BA$1,200
Heritage Green1BR/1BA1BR,1BA$1,250
Woodview Apartments1BR/1BA1BR,1BA$1,250
Starling Senior Apartments1 Bed 1 Bath (60%)1BR,1BA$1,261
Grand OaksPine1BR,1BA$1,351
Grays Pointe Apartments1 Bedroom Platinum1BR,1BA$1,400
The Lakes at Fountain Square Apartment HomesMichigan1BR,1BA$1,417
Brittany Square1A Bedroom1BR,1BA$1,465

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

As of September 10, 2025 the best value apartment in the Third Lake area is the $1.96 price per square foot 3X1.5 Model at NorthEnd Apartments in the in the Downtown Libertyville neighborhood starting from $2,350. The second greatest value Third Lake apartment is the 1 bd Model at Kings Court Apartments starting at $1,150 with a $1.44 price per square foot in the Norshore Park neighborhood. 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.
NorthEnd Apartments3X1.53BR,1.5BA$1.96
Kings Court Apartments1 bd1BR,1BA$1.44
Lakewood Tower2 Bed 790SF2BR,1BA$1.52
Brittany Square1A Bedroom1BR,1BA$1.95
Heritage Green1BR/1BA1BR,1BA$1.67
Grays Pointe Apartments1 Bedroom Platinum1BR,1BA$1.94
Briarwood Apartments1BR/1BA1BR,1BA$1.72
Grand OaksPine1BR,1BA$2.02
Woodview Apartments1BR/1BA1BR,1BA$1.92
Starling Senior Apartments1 Bed 1 Bath (60%)1BR,1BA$1.97

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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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Getting Around Third Lake, IL

Walk Score®

49 / 100

Car-Dependent

Most errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

2 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,150 at Kings Court 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 $1,200 at Lakewood Tower.

What is the most affordable Third Lake Three Bedroom Apartment?

The best deal on a cheap Third Lake Three Bedroom Apartment rental is at NorthEnd Apartments and starts from $2,350.

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 The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.