6175 W Grand Ave
GurneeIL60031
Cheap Homes for Rent in Third Lake, IL from $1,300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Third Lake.
129 Cedar Ave
Lake VillaIL60046
1506 Spring Brook Ct
Round Lake BeachIL60073
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.
2843 Falling Waters Dr
LindenhurstIL60046
485 Meadow Green Ln
Round Lake BeachIL60073
426 Alpine Dr
Round LakeIL60073
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.
708 S Cedarwood Cir
Round Lake HeightsIL60073
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Third Lake, IL Local Guide
Tall grass in the clouds by Tom Shockey is licensed under CC BY 2.0
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 | $2,140 | $1,750 | $2,400 |
| Third Lake 3 Bedroom Homes for Rent | $2,641 | $2,000 | $3,400 |
| Third Lake 4 Bedroom Homes for Rent | $3,666 | $2,695 | $4,210 |
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. Imperial Tower Apartments in the Norshore Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,156. 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 |
| Imperial Tower Apartments | The Michigan | Studio,1BA | $1,156 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Third Lake, IL and Nearby
As of May 27, 2026 the best value apartment in the Third Lake area is the $1.73 price per square foot Accera Model at Deercrest of Antioch in the in the Grant's Grove neighborhood starting from $2,575. The second greatest value Third Lake apartment is the Waiting List Model at Northline Apartments starting at $1,990 with a $1.52 price per square foot in the Downtown Libertyville 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. |
|---|---|---|---|
| Deercrest of Antioch | Accera | 2BR,2.5BA | $1.73 |
| Northline Apartments | Waiting List | 2BR,2BA | $1.52 |
| Lakeview Terrace Apartments | Two Bedroom | 2BR,1.5BA | $1.37 |
| Grays Pointe Apartments | 2 Bedroom Platinum | 2BR,1.5BA | $1.56 |
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1.32 |
| The Lakes at Fountain Square Apartment Homes | Ontario | 2BR,1BA | $1.74 |
| Fox Crest | Fox Den | 2BR,1.5BA | $1.75 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1.67 |
| Briarwood Apartments | 1BR/1BA | 1BR,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.
Read Article
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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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.
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See the most popular apartments and homes in Third Lake, IL
Frequently Asked Questions about Third Lake
What type of rentals are currently available in Third Lake?
There are currently 63 Apartments for Rent in Third Lake, IL with pricing that ranges from $1,065 to $4,900. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Third Lake ranging from $1,300 to $4,210.
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 $1,300 to $4,210 with an average monthly rent of $2,224.
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 $1,257 to $4,736, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,400. Four Bedroom Single-Family rentals are also available starting from $2,695 and Four Bedroom Apartments start at $3,520.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.