220 S Main St
WaucondaIL60084
Cheap Homes for Rent in Tower Lakes, IL from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Tower Lakes.
520 S Main St
WaucondaIL60084
215 Brett Cir
WaucondaIL60084
416 Lauren Ln
Island LakeIL60042
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.
1102 Lincoln Ave
Fox River GroveIL60021
617 Yale Ln
Island LakeIL60042
212 Franklin St
BarringtonIL60010
404 Lauren Ln
Island LakeIL60042
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 1-8, Page 1 of 1
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 | $2,270 | $1,950 | $2,500 |
| Tower Lakes 3 Bedroom Homes for Rent | $2,927 | $2,199 | $4,700 |
| Tower Lakes 4 Bedroom Homes for Rent | $4,703 | $2,495 | $8,400 |
| Tower Lakes 5 Bedroom Homes for Rent | $9,900 | $3,700 | $10,000+ |
Browse Top Homes for Rent in Tower Lakes
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Tower Lakes, IL Local Guide
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Cheapest Available Tower Lakes Apartments for Rent and Nearby
The cheapest available apartment rental in Tower Lakes, IL is a 2 Beds unit found at Rosewood Round Lake priced from $1,244. Heritage Green Apartments in the Central Vernon Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,445. Here is today’s list of the most affordable Tower Lakes apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1,244 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1,445 |
| Park Butterfield Apartments | Studio Floor Plan S1 | Studio,1BA | $1,468 |
Best Value Apartments for Rent in Tower Lakes, IL and Nearby
As of April 22, 2026 the best value apartment in the Tower Lakes area is the $1.67 price per square foot 3 Bedroom Model at The Schoolhouse Apartments in the in the Arrowhead neighborhood starting from $2,500. The second greatest value Tower Lakes apartment is the 2BR/2.0BA Model at Morris Station starting at $2,486 with a $1.83 price per square foot in the Central Vernon Hills 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 | $1.67 |
| Morris Station | 2BR/2.0BA | 2BR,2BA | $1.83 |
| Albion on Lake Cook | D1 - 3 Bed, 2 Bath | 3BR,2BA | $1.96 |
| Eastbanks of Lake Zurich | 2/2 | 2BR,2BA | $1.91 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.42 |
| Emerald Pointe Apartments | 2 Bedroom 1 Bath (954 sq ft) | 2BR,1BA | $1.91 |
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1.32 |
| The Meadows Apartments Lakemoor | Willow | 2BR,1BA | $1.92 |
| 154 E Mill St, Unit Wauconda apartment | 154 E Mill St | 1BR,1BA | $1.56 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.93 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleCash 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 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 Tower Lakes, IL Rentals by Map
See the most popular apartments and homes in Tower Lakes, IL
Frequently Asked Questions about Tower Lakes
What type of rentals are currently available in Tower Lakes?
There are currently 64 Apartments for Rent in Tower Lakes, IL with pricing that ranges from $1,100 to $6,593. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tower Lakes ranging from $1,100 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 $1,100 to $13,000 with an average monthly rent of $4,272.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.