Cheap Homes for Rent in Vernon Hills, IL from $1,400 (25 Rentals)

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Search the lowest-cost Homes available for rent right now in Vernon Hills.

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.

property at 5 Echo Ct
$1,800

Total Monthly Price

Base Rent$1,800

Total Monthly Price$1,800
2 Bedroom, 1.5 Bath Condo for Rent
Available Oct 15
Affordability

5 Echo Ct, Unit 8

5 Echo Ct
Vernon HillsIL60061
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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.

property at 9 Cedar Ct
$1,850

Total Monthly Price

Base Rent$1,850

Total Monthly Price$1,850
2 Bedroom, 1.5 Bath Condo for Rent
Available Sep 20

9 Cedar Ct, Unit 2nd floor

9 Cedar Ct
Vernon HillsIL60061
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property at 985 S Ct of Shorewood
$1,925

Total Monthly Price

Base Rent$1,925

Total Monthly Price$1,925
2 Bedroom, 2 Bath Home for Rent
Available Now

985 S Ct of Shorewood

Vernon HillsIL60061

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.

property at 323 Meadow Ct
$2,050

Total Monthly Price

Base Rent$2,050

Total Monthly Price$2,050
2 Bedroom, 1.5 Bath Townhome for Rent
Available Now

323 Meadow Ct

Vernon HillsIL60061
property at 17 Cedar Ct
$2,100

Total Monthly Price

Base Rent$2,100

Total Monthly Price$2,100
2 Bedroom, 1.5 Bath Condo for Rent
Available Now

17 Cedar Ct, Unit 17 Cedar Ct 5

17 Cedar Ct
Vernon HillsIL60061
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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

Cheapest Neighborhoods for Apartments in Vernon Hills, IL

Pricing Updated: 09/10/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Central Vernon Hills$2,652$1,295112
North Vernon Hills$2,664$1,29584
Grosse Pointe Village$2,701$1,29574
South Vernon Hills$2,820$1,29563

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 ListingModel NameBed/BathPriced From
705 S Milwaukee AveStudioStudio,1BA$1,400
Heritage Green Apartments1 BR/1BA1BR,1BA$1,445
Park Butterfield Apartments1 Bedroom Floor Plan A11BR,1BA$1,476
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$1,485
Emerald Pointe Apartments1 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Eleven 5 LakeE5N3BR,2BA$2.14
Morris Station2BR/2.0BA2BR,2BA$1.86
Northline ApartmentsWaiting List2BR,2BA$1.52
The Landing at Town Center1 Bed 1 Bath D Renovated*1BR,1BA$2.45
826 N Milwaukee Ave, Unit D2826 N Milwaukee Ave2BR,1BA$1.88
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$2.20
Heritage Green Apartments1 BR/1BA1BR,1BA$1.93
Emerald Pointe Apartments1 Bedroom 1 Bath (714 sq ft)1BR,1BA$2.17
Pebbleshire ApartmentsOne Bedroom B - Carpet1BR,1BA$2.35
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,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.

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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.

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Real 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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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

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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.

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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.

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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.

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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.