Cheap Apartments for Rent in Tower Lakes, IL from $900 (46 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Station 250
$1,716 - $3,651
Total Monthly Price

Total Monthly Price

Base Rent
$1,716 - $3,651
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Contact Us For Availability

Station 250

250 Plaza CirMundelein, IL 60060
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
close
View Me
Albion on Lake Cook
Rent Specials
$1,982 - $2,764
Total Monthly Price

Total Monthly Price

Base Rent
$1,982 - $2,764
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Albion on Lake Cook

500 E Constitution DrPalatine, IL 60074
Student Living
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
close
View Me
Villas By The Lake
1 to 2 Bedroom Apartments

Villas By The Lake

300 Lakeside DrVernon Hills, IL 60061
  • Utilities Included
close
View Me
Cardinal Square
Studio to 3 Bedroom Apartments

Cardinal Square

300 Anthony AveMundelein, IL 60060
Corporate Housing

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.

Read Article
Showing Results 1-46, 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 Wauconda Park Apartments in the Liberty Lakes - Freedom Series neighborhood priced from $1,200. Rosewood Round Lake has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,244. Here is today’s list of the most affordable Tower Lakes apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wauconda Park Apartments1 Bed / 1 Bath1BR,1BA$1,200
Rosewood Round Lake2 Bedroom2BR,1BA$1,244
Moore Court Apartments1BR/1BA DEN1BR,1BA$1,375
The Church Street Apartments1 Bedroom1BR,1BA$1,400
Park Butterfield Apartments1 Bedroom Floor Plan A11BR,1BA$1,419
Heritage Green Apartments1 BR/1BA1BR,1BA$1,445
Darlington Court ApartmentsOne Bed/One Bath1BR,1BA$1,477
Lakeside Village of Mundelein Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$1,485
Stone Edge Apartments2 Bed 2 Bath2BR,2BA$1,500
Springs at Three OaksSGO | Studio Grand OverlookStudio,1BA$1,552

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

As of June 11, 2026 the best value apartment in the Tower Lakes area is the $1.78 price per square foot 2BR/2.0BA Model at Morris Station in the in the Central Vernon Hills neighborhood starting from $2,422. The second greatest value Tower Lakes apartment is the D1 - 3 Bed, 2 Bath Model at Albion on Lake Cook starting at $2,607 with a $1.94 price per square foot in the Cherrybrook Village 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.
Morris Station2BR/2.0BA2BR,2BA$1.78
Albion on Lake CookD1 - 3 Bed, 2 Bath3BR,2BA$1.94
Redwood VoloForestwood2BR,2BA$1.87
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
Stone Edge Apartments2 Bed 2 Bath2BR,2BA$1.36
The Clayson2 Bedrooms2BR,1BA$1.89
Rosewood Round Lake2 Bedroom2BR,1BA$1.32
Moore Court Apartments1BR/1BA DEN1BR,1BA$1.72
Park Butterfield Apartments1 Bedroom Floor Plan A11BR,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.

Read Article
Decorative image

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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Tower Lakes, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Tower Lakes, IL

View Map
Tower Lakes, IL Apartments Map
View Map
Tower Lakes, IL Rental Homes Map

Frequently Asked Questions about Cheap Tower Lakes Apartments

What is the Cheapest Studio apartment in Tower Lakes?

Currently the most affordable Cheap Studio Apartment in Tower Lakes is at Springs at Three Oaks listed at $1,552.

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

The lowest price for a Cheap One Bedroom Tower Lakes Apartment is $1,200 at Wauconda Park Apartments.

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 $1,244 at Rosewood Round Lake.

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 $1,700.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.