127 Cedar Ave
Lake VillaIL60046
Cheap Homes for Rent near Third Lake, IL from $1,200 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Third Lake.
1548 W Sand Bar Ct
Round Lake BeachIL60073
1545 Crystal Rock Ct
Round Lake BeachIL60073
389 Meadow Green Ln
Round Lake BeachIL60073
708 S Cedarwood Cir
Round Lake HeightsIL60073
912 W Oakwood Dr
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.
905 Abingdon Ct
GurneeIL60031
544 Meadow Green Ln
Round Lake BeachIL60073
33323 US-45
GrayslakeIL60030
30 Woodland Dr
Round Lake BeachIL60073
959 Ellsworth Dr
GrayslakeIL60030
3097 Falling Waters Ln
LindenhurstIL60046
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.
Showing Results 1-12, Page 1 of 1
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 | $2,191 | $1,800 | $2,750 |
| Third Lake 3 Bedroom Homes for Rent | $2,654 | $2,000 | $3,600 |
| Third Lake 4 Bedroom Homes for Rent | $4,484 | $3,000 | $7,000 |
| Third Lake 5 Bedroom Homes for Rent | $3,900 | $3,900 | $3,900 |
| Third Lake 7 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Browse Top Homes for Rent in Third Lake
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Third Lake, IL Local Guide
- Nearby Cities
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Cheapest Available Third Lake Apartments for Rent and Nearby
The cheapest available apartment rental in Third Lake, IL is a Studio unit found at Imperial Tower Apartments in the Norshore Park neighborhood priced from $1,083. Briarwood Apartments in the North Center 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Imperial Tower Apartments | The Michigan | Studio,1BA | $1,083 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1,175 |
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1,244 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1,250 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Third Lake, IL and Nearby
As of July 11, 2026 the best value apartment in the Third Lake area is the $1.52 price per square foot Waiting List Model at Northline Apartments in the in the Downtown Libertyville neighborhood starting from $1,990. The second greatest value Third Lake apartment is the Two Bedroom Model at Lakeview Terrace Apartments starting at $1,400 with a $1.37 price per square foot in the Grant's Grove 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. |
|---|---|---|---|
| Northline Apartments | Waiting List | 2BR,2BA | $1.52 |
| Lakeview Terrace Apartments | Two Bedroom | 2BR,1.5BA | $1.37 |
| Water's Edge Apartments | 2 Bdrm/2 Bath | 2BR,2BA | $1.55 |
| Grays Pointe Apartments | 2 Bedroom Platinum | 2BR,1.5BA | $1.56 |
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1.32 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.56 |
| Moore Court Apartments | 1BR/1BA DEN | 1BR,1BA | $1.72 |
| Heritage Green | 1BR/1BA | 1BR,1BA | $1.67 |
| 325 Neville Dr, Unit 1 | 325 Neville Dr | 1BR,1BA | $1.37 |
| 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.
Read ArticleQuick Rent Budget Calculator
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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Explore Third Lake, IL Rentals by Map
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 66 Apartments for Rent in Third Lake, IL with pricing that ranges from $1,025 to $4,870. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Third Lake ranging from $1,250 to $7,000.
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 $1,250 to $7,000 with an average monthly rent of $2,967.
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 $4,466, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,600. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $3,780.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.