Cheap Apartments for Rent near Tower Lakes, IL from $570 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in Tower Lakes.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Albion on Northwest
Rent Specials
$1,637 - $2,811

Total Monthly Price

Base Rent$1,637 - $2,811
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Albion on Northwest

975 N Sterling AvePalatine, IL 60067
Affordability
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Station 250
Rent Specials
$1,841 - $3,835

Total Monthly Price

Base Rent$1,841 - $3,835
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Station 250

250 Plaza CirMundelein, IL 60060
Corporate Housing
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Albion on Lake Cook
Rent Specials
$1,849 - $3,079

Total Monthly Price

Base Rent$1,849 - $3,079
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Albion on Lake Cook

500 E Constitution DrPalatine, IL 60074
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Water's Edge
Rent Specials
$1,915 - $3,510

Total Monthly Price

Base Rent$1,915 - $3,510
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Water's Edge

311 Waters Edge DrCrystal Lake, IL 60014
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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.

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Villas By The Lake
1 to 2 Bedroom Apartments

Villas By The Lake

300 Lakeside DrVernon Hills, IL 60061
  • Utilities Included

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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Showing Results 1-44, Page 1 of 1

Tower Lakes, IL Local Guide

Cheapest Available Tower Lakes Apartments for Rent and Nearby

 

The cheapest available apartment rental in Tower Lakes, IL is a 1 Bed unit found at Cary Horizon 62+ Senior Community in the Arrowhead neighborhood priced from $570. Wauconda Park Apartments in the Liberty Lakes - Freedom Series neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Tower Lakes apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cary Horizon 62+ Senior Community1 Bedroom - 30-60%1BR,1BA$570
Wauconda Park Apartments1 Bed / 1 Bath1BR,1BA$1,300
The Church Street Apartments1 Bedroom1BR,1BA$1,300
Heritage Green Apartments1 BR/1BA1BR,1BA$1,445
Darlington Court ApartmentsOne bed One bath1BR,1BA$1,477
Park Butterfield Apartments1 Bedroom Floor Plan A11BR,1BA$1,481
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$1,485
The Clayson1 Bedroom1BR,1BA$1,491
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1,500
Emerald Pointe Apartments1 Bedroom 1 Bath (714 sq ft)1BR,1BA$1,547

Best Value Apartments for Rent in Tower Lakes, IL and Nearby

As of September 09, 2026 the best value apartment in the Tower Lakes area is the $1.47 price per square foot 3 Bedroom Model at The Schoolhouse Apartments in the in the Arrowhead neighborhood starting from $2,200. The second greatest value Tower Lakes apartment is the Willowood Model at Redwood Volo starting at $2,844 with a $2.06 price per square foot in the Liberty Lakes - Freedom Series neighborhood. Here is today’s list of the best values for Tower Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Schoolhouse Apartments3 Bedroom3BR,2BA$1.47
Redwood VoloWillowood2BR,2BA$2.06
Redwood Crystal LakeWillowood2BR,2BA$1.81
Morris Station2BR/2.0BA2BR,2BA$1.86
Albion on Lake CookD1 - 3 Bed, 2 Bath3BR,2BA$1.85
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.25
Cary Horizon 62+ Senior Community2 Bedroom - 60%2BR,1BA$1.56
The Church Street Apartments1 Bedroom1BR,1BA$1.43
The Residences of Fox MeadowsThe Bluebell1BR,1BA$1.89
Heritage Green Apartments1 BR/1BA1BR,1BA$1.93

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Tower Lakes Apartments

How much is rent for a Cheap One Bedroom Tower Lakes Apartment?

The lowest price for a Cheap One Bedroom Tower Lakes Apartment is $570 at Cary Horizon 62+ Senior Community.

What is the lowest price for a Cheap Two Bedroom Tower Lakes Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Tower Lakes is starting from $1,445 at Cary Horizon 62+ Senior Community.

What is the most affordable Tower Lakes Three Bedroom Apartment?

The best deal on a cheap Tower Lakes Three Bedroom Apartment rental is at Oakbrook Estates- Senior 55+ Community and starts from $1,500.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.