
Cheap Homes for Rent in Vernon Hills, IL from $1,300 (32 Rentals)
Search the lowest-cost Homes available for rent right now in Vernon Hills.


57 Washington Blvd

826 N Milwaukee Ave, Unit D2

249 W Ct of Shorewood

1008 Centurion Ln, Unit 12

240 N Archer Ave

1006 Centurion Ln, Unit Apartment

17 Parkside Ct
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.

1 Parkside Ct

835 Waterview Cir

31 Washington Blvd

7 Crestview Ln

5 Cedar Ct

1003 Centurion Ln

8 Echo Ct

322 Russet Way
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.

207 W Park Ave

Furnished Studio-Chicago - Vernon Hills - Lake Forest

132 Brookwood Ct

2 Echo Ct

120 E Winchester Rd

358 Farmingdale Cir

325 3rd St

223 Harvest 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.

301 Cherrywood Ct

1228 Bradwell Ln

1214 Ballantrae Pl

1401 Orleans Dr

711 S Milwaukee Ave

1344 Orleans Dr

341 Jefferson Ct

304 Creekside Dr
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.
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 | $2,324 | $1,750 | $3,200 |
| Vernon Hills 3 Bedroom Homes for Rent | $3,024 | $2,100 | $3,900 |
| Vernon Hills 4 Bedroom Homes for Rent | $4,790 | $2,650 | $5,990 |
Browse Top Homes for Rent in Vernon Hills
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Vernon Hills, IL Local Guide
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Cheapest Neighborhoods for Apartments in Vernon Hills, IL
Pricing Updated: 07/27/2026Current apartment rentals in the Vernon Hills, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Vernon Hills Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Grosse Pointe Village | $1,842 | $1,295 | 21 |
| North Vernon Hills | $4,075 | $1,295 | 80 |
| Central Vernon Hills | $4,116 | $1,295 | 98 |
| South Vernon Hills | $4,202 | $1,295 | 45 |
Cheapest Available Vernon Hills Apartments for Rent
 The cheapest available apartment rental in Vernon Hills, IL is a 1 Bed unit found at Heritage Green Apartments in the Central Vernon Hills neighborhood priced from $1,445. Lakeside Village Apartments in the Grosse Pointe Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,485. Here is today’s list of the most affordable Vernon Hills apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1,445 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 710 SQ FT MID LEVEL | 1BR,1BA | $1,485 |
| Park Butterfield Apartments | Studio Floor Plan S1 | Studio,1BA | $1,517 |
| Emerald Pointe Apartments | 1 Bedroom 1 Bath (714 sq ft) | 1BR,1BA | $1,591 |
| Pebbleshire Apartments | One Bedroom- Carpet | 1BR,1BA | $1,650 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $1,825 |
| 705 S Milwaukee Ave | 2 Bedroom 1.5 Bath | 2BR,1BA | $1,875 |
| Springs at Mundelein | Studio Grand Courtyard | Studio,1BA | $1,927 |
Best Value Apartments for Rent in Vernon Hills, IL
As of July 27, 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 $2,451 with a $1.80 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 | $1.80 |
| Northline Apartments | Waiting List | 2BR,2BA | $1.52 |
| 705 S Milwaukee Ave | 3 Bedroom 2 Bath | 3BR,2BA | $2.00 |
| 865 Westmoreland Dr, Unit 24 | 865 Westmoreland Dr | 2BR,1.5BA | $1.78 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $2.20 |
| Pebbleshire Apartments | One Bedroom- Laminate | 1BR,1BA | $2.13 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.93 |
| Emerald Pointe Apartments | 1 Bedroom 1 Bath (714 sq ft) | 1BR,1BA | $2.23 |
| 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 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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 97 Apartments for Rent in Vernon Hills, IL with pricing that ranges from $1,242 to $9,952. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Vernon Hills ranging from $1,300 to $5,990.
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 $1,300 to $5,990 with an average monthly rent of $2,962.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.