
Cheap Homes for Rent in Third Lake, IL from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Third Lake.


32857 N Alleghany Rd
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.

1627 Grove Dr

2417 Sherman 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.

37439 N Lake Shore 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 | $2,015 | $1,375 | $2,500 |
| Third Lake 3 Bedroom Homes for Rent | $2,818 | $1,850 | $3,300 |
| Third Lake 4 Bedroom Homes for Rent | $2,900 | $2,400 | $3,400 |
| Third Lake 5 Bedroom Homes for Rent | $3,900 | $2,600 | $4,600 |
Browse Top Homes for Rent in Third Lake
Explore Third Lake
Third Lake, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $1,082. Kings Court Apartments in the Norshore Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. 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 | $1,082 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1,150 |
| Briarwood Apartments | 1BR/1BA | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Third Lake, IL and Nearby
As of December 17, 2025 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 2BR/1BA Model at Moore Court Apartments starting at $1,565 with a $1.58 price per square foot . 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 |
| Moore Court Apartments | 2BR/1BA | 2BR,1BA | $1.58 |
| Heritage Green | 2BR/1.5BA | 2BR,1.5BA | $1.54 |
| Grays Pointe Apartments | 2 Bedroom Platinum | 2BR,1.5BA | $1.56 |
| Grand Oaks | Ash | 2BR,1.5BA | $1.69 |
| Fox Crest | Fox Chase | 2BR,1.5BA | $1.57 |
| 660 Oriole Ct, Unit 1A | 660 Oriole Ct | 2BR,1BA | $1.78 |
| Kings Court Apartments | 1 bd | 1BR,1BA | $1.44 |
| Lakewood Tower | 2 Bed 790SF | 2BR,1BA | $1.52 |
| 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 ArticleThe 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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 50 Apartments for Rent in Third Lake, IL with pricing that ranges from $1,002 to $4,912. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Third Lake ranging from $1,200 to $4,600.
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 $1,200 to $4,600 with an average monthly rent of $2,596.
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 $1,550 to $4,395, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,300. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $3,415.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.