
Cheap Homes for Rent in Vernon Hills, IL from $1,400 (25 Rentals)
Search the lowest-cost Homes available for rent right now in Vernon Hills.


700 McKinley Ave, Unit 303

1 Lexington Dr

826 N Milwaukee Ave

940 N Lakeside Dr

709 W Park Ave
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.

520 N Milwaukee Ave

57 Washington Blvd

57 Washington Blvd, Unit Mundelein 2 bedroom Condo for rent

539 N Lake St

17 Parkside Ct

5 Echo Ct, Unit 8
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.

9 Cedar Ct, Unit 2nd floor

1228 Bradwell Ln

240 N Archer Ave

985 S Ct of Shorewood

1012 Centurion Ln

8 Echo Ct
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.

323 Meadow Ct

133 E Winchester Rd

755 N Diamond Lake Rd

17 Cedar Ct, Unit 17 Cedar Ct 5

1003 Centurion Ln

132 Brookwood Ct
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.

2 Echo Ct
Vernon Hills, IL Local Guide

How much does it cost to rent a home in Vernon Hills?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Vernon Hills 2 Bedroom Homes for Rent | $2,140 | $1,475 | $3,200 |
| Vernon Hills 3 Bedroom Homes for Rent | $3,192 | $2,200 | $4,500 |
| Vernon Hills 4 Bedroom Homes for Rent | $5,375 | $2,900 | $8,500 |
| Vernon Hills 5 Bedroom Homes for Rent | $6,300 | $5,600 | $7,000 |
| Vernon Hills 6 Bedroom Homes for Rent | $4,250 | $4,250 | $4,250 |
Browse Top Homes for Rent in Vernon Hills
Explore Vernon Hills
Vernon Hills, IL Local Guide
- Vernon Hills Neighborhoods
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Cheapest Neighborhoods for Apartments in Vernon Hills, IL
Pricing Updated: 09/10/2026Current apartment rentals in the Vernon Hills, IL area range in price from $1,295 to $9,387 with an overall median price of $2,698. Here is today’s list neighborhoods with the lowest median pricing for Vernon Hills Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Central Vernon Hills | $2,652 | $1,295 | 112 |
| North Vernon Hills | $2,664 | $1,295 | 84 |
| Grosse Pointe Village | $2,701 | $1,295 | 74 |
| South Vernon Hills | $2,820 | $1,295 | 63 |
Cheapest Available Vernon Hills Apartments for Rent
 The cheapest available apartment rental in Vernon Hills, IL is a Studio unit found at 705 S Milwaukee Ave in the Central Vernon Hills neighborhood priced from $1,400. Heritage Green Apartments in the Grosse Pointe Village 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 Vernon Hills apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 705 S Milwaukee Ave | Studio | Studio,1BA | $1,400 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1,445 |
| Park Butterfield Apartments | 1 Bedroom Floor Plan A1 | 1BR,1BA | $1,476 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 710 SQ FT MID LEVEL | 1BR,1BA | $1,485 |
| Emerald Pointe Apartments | 1 Bedroom 1 Bath (714 sq ft) | 1BR,1BA | $1,547 |
Best Value Apartments for Rent in Vernon Hills, IL
As of September 10, 2026 the best value apartment in the Vernon Hills area is the $2.14 price per square foot E5N Model at Eleven 5 Lake in the in the Downtown Libertyville neighborhood starting from $3,695. The second greatest value Vernon Hills apartment is the 2BR/2.0BA Model at Morris Station starting at $2,525 with a $1.86 price per square foot in the Central Vernon Hills neighborhood. Here is today’s list of the best values for Vernon Hills apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eleven 5 Lake | E5N | 3BR,2BA | $2.14 |
| Morris Station | 2BR/2.0BA | 2BR,2BA | $1.86 |
| Northline Apartments | Waiting List | 2BR,2BA | $1.52 |
| The Landing at Town Center | 1 Bed 1 Bath D Renovated* | 1BR,1BA | $2.45 |
| 826 N Milwaukee Ave, Unit D2 | 826 N Milwaukee Ave | 2BR,1BA | $1.88 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $2.20 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.93 |
| Emerald Pointe Apartments | 1 Bedroom 1 Bath (714 sq ft) | 1BR,1BA | $2.17 |
| Pebbleshire Apartments | One Bedroom B - Carpet | 1BR,1BA | $2.35 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 710 SQ FT MID LEVEL | 1BR,1BA | $2.09 |
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 ArticleNavigating 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.
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.
Best Local Schools in Vernon Hills, IL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Vernon Hills, IL Rentals by Map
See the most popular apartments and homes in Vernon Hills, IL
Frequently Asked Questions about Vernon Hills
What type of rentals are currently available in Vernon Hills?
There are currently 98 Apartments for Rent in Vernon Hills, IL with pricing that ranges from $1,242 to $9,387. There are also 78 Single Family Homes for rent, Condos, and Townhome rentals currently available in Vernon Hills ranging from $1,400 to $8,500.
What is the current price range for Rental Homes in Vernon Hills?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Vernon Hills ranges from $1,400 to $8,500 with an average monthly rent of $3,047.
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.