Cheap Homes for Rent in Tower Lakes, IL from $1,800 (13 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
Showing Results 1-13, 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. Moore Court Apartments 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
Wauconda Park Apartments1 bed/1 bath1BR,1BA$1,200
Moore Court Apartments1BR/1BA1BR,1BA$1,300
The Church Street Apartments1 Bedroom1BR,1BA$1,300
Park Butterfield ApartmentsStudio Floor Plan S1Studio,1BA$1,379
Lakeside Village Apartments1 BED / 1.0 BATH, 760 SQ FT - RENOVATED1BR,1BA$1,495

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

As of June 24, 2025 the best value apartment in the Tower Lakes area is the $1.77 price per square foot Haydenwood Sunroom Model at Redwood Volo in the in the Liberty Lakes - Freedom Series neighborhood starting from $2,864. The second greatest value Tower Lakes apartment is the 3 Bedroom Model at The Schoolhouse Apartments starting at $2,400 with a $1.60 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Redwood VoloHaydenwood Sunroom2BR,2BA$1.77
The Schoolhouse Apartments3 Bedroom3BR,2BA$1.60
Redwood Crystal LakeWillowood2BR,2BA$1.81
Morris Station2BR/2.0BA2BR,2BA$1.82
The Meadows Apartments LakemoorTownhome2BR,2.5BA$1.52
Eastbanks of Lake Zurich2/22BR,2BA$1.77
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
The Clayson2 Bedrooms2BR,1BA$1.84
Wauconda Park Apartments2 bed / 1 bath2BR,1BA$1.83
The Church Street Apartments1 Bedroom1BR,1BA$1.63

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

Frequently Asked Questions about Tower Lakes

What type of rentals are currently available in Tower Lakes?

There are currently 58 Apartments for Rent in Tower Lakes, IL with pricing that ranges from $1,100 to $4,208. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tower Lakes ranging from $1,800 to $6,500.

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 $1,800 to $6,500 with an average monthly rent of $3,795.

How much are larger Three and Four Bedroom Rentals in Tower Lakes?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Tower Lakes range from $1,500 to $3,253, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,495 to $5,000. Four Bedroom Single-Family rentals are also available starting from $3,400 and Four Bedroom Apartments start at $2,399.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.