208 S Main St
WaucondaIL60084
Cheap Homes for Rent near Tower Lakes, IL from $1,295 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Tower Lakes.
100 Marlene Ct, Unit 1
100 Marlene Ct
WaucondaIL60084
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.
370 S Eastern Ave
BarringtonIL60010
300 Opatrny Dr
Fox River GroveIL60021
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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Tower Lakes, IL Local Guide
Maple's during fall by Amanda Landers is licensed under CC BY 2.0
How much does it cost to rent a home in Tower Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Tower Lakes 2 Bedroom Homes for Rent | $2,193 | $1,425 | $2,900 |
| Tower Lakes 3 Bedroom Homes for Rent | $2,943 | $1,875 | $3,900 |
| Tower Lakes 4 Bedroom Homes for Rent | $4,465 | $2,100 | $8,400 |
| Tower Lakes 5 Bedroom Homes for Rent | $10,996 | $6,990 | $10,000+ |
Browse Top Homes for Rent in Tower Lakes
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Tower Lakes, IL Local Guide
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Best Value Apartments for Rent in Tower Lakes, IL and Nearby
As of September 05, 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 Crystal Lake starting at $2,499 with a $1.81 price per square foot in the Arrowhead neighborhood. Here is today’s list of the best values for Tower Lakes apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Schoolhouse Apartments | 3 Bedroom | 3BR,2BA | $1.47 |
| Redwood Crystal Lake | Willowood | 2BR,2BA | $1.81 |
| Morris Station | 2BR/2.0BA | 2BR,2BA | $1.86 |
| Albion on Lake Cook | D1 - 3 Bed, 2 Bath | 3BR,2BA | $1.89 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.25 |
| The Clayson | 2 Bedrooms | 2BR,1BA | $1.91 |
| Cary Horizon 62+ Senior Community | 2 Bedroom - 60% | 2BR,1BA | $1.56 |
| The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1.43 |
| The Residences of Fox Meadows | The Bluebell | 1BR,1BA | $1.89 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,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.
Read ArticleReal 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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Frequently Asked Questions about Tower Lakes
What type of rentals are currently available in Tower Lakes?
There are currently 65 Apartments for Rent in Tower Lakes, IL with pricing that ranges from $570 to $6,611. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tower Lakes ranging from $1,295 to $13,000.
What is the current price range for Rental Homes in Tower Lakes?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Tower Lakes ranges from $1,295 to $13,000 with an average monthly rent of $3,495.
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
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.
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.
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.
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.