
Cheap Homes for Rent in Third Lake, IL from $1,500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Third Lake.


256 N Slusser St

363 Meadow Green Ln

522 Meadow Green Ln

1314 East End Ave
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.

347 Meadow Green Ln

34320 Birch Ln

10 N Lake St

1382 Redbridge Ct
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.

221 Kenwood Dr

608 Deerpath Dr
Third Lake, IL Local Guide

How much does it cost to rent a home in Third Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Third Lake 2 Bedroom Homes for Rent | $2,108 | $1,700 | $2,575 |
Third Lake 3 Bedroom Homes for Rent | $2,660 | $1,800 | $4,000 |
Third Lake 4 Bedroom Homes for Rent | $2,836 | $1,850 | $4,000 |
Browse Top Homes for Rent in Third Lake
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Third Lake, IL Local Guide
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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. Lakewood Tower in the Grant's Grove neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,200. Here is today’s list of the most affordable Third Lake apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Kings Court Apartments | 1 bd | 1BR,1BA | $1,150 |
Lakewood Tower | 2 Bed 790SF | 2BR,1BA | $1,200 |
Woodview Apartments | 1BR/1BA | 1BR,1BA | $1,250 |
Starling Senior Apartments | 1 Bed 1 Bath (60%) | 1BR,1BA | $1,261 |
Moore Court Apartments | 1BR/1BA | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Third Lake, IL and Nearby
As of August 28, 2025 the best value apartment in the Third Lake area is the $1.30 price per square foot 2 bedroom Model at Willow Wind in the in the Lake Cogardens neighborhood starting from $1,300. The second greatest value Third Lake apartment is the 2BR/1.5BA Model at Heritage Green starting at $1,500 with a $1.54 price per square foot in the Pleasant Hill neighborhood. Here is today’s list of the best values for Third Lake apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Willow Wind | 2 bedroom | 2BR,1.5BA | $1.30 |
Heritage Green | 2BR/1.5BA | 2BR,1.5BA | $1.54 |
Grand Oaks | Ash | 2BR,1.5BA | $1.66 |
Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
Lakewood Tower | 2 Bed 790SF | 2BR,1BA | $1.52 |
Brittany Square | 1A Bedroom | 1BR,1BA | $1.95 |
Grays Pointe Apartments | 1 Bedroom Platinum | 1BR,1BA | $1.94 |
Moore Court Apartments | 1BR/1BA | 1BR,1BA | $1.86 |
Woodview Apartments | 1BR/1BA | 1BR,1BA | $1.92 |
Starling Senior Apartments | 1 Bed 1 Bath (60%) | 1BR,1BA | $1.97 |
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Frequently Asked Questions about Third Lake
What type of rentals are currently available in Third Lake?
There are currently 48 Apartments for Rent in Third Lake, IL with pricing that ranges from $1,002 to $4,912. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Third Lake ranging from $1,500 to $4,000.
What is the current price range for Rental Homes in Third Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Third Lake ranges from $1,500 to $4,000 with an average monthly rent of $2,276.
How much are larger Three and Four Bedroom Rentals in Third Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Third Lake range from $2,150 to $4,395, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $3,422.
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.

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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.