Cheap Homes for Rent in Village Of Lakewood, IL from $1,500 (12 Rentals)

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property at 1371 Cunat Ct

$1,600

2 Bedroom Rentals

Available Now

1371 Cunat Ct

Lake In The HillsIL60156

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.

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.

Village Of Lakewood, IL Local Guide

Cheapest Neighborhoods for Apartments in Village Of Lakewood, IL

Pricing Updated: 01/13/2026

Current apartment rentals in the Village Of Lakewood, 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 Village Of Lakewood Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Turnberry$3,175$2,1004

Cheapest Available Village Of Lakewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Village Of Lakewood, IL is a Studio unit found at Patriot Prairie of Woodstock (FKA Prairie View) in the Savanna Grove neighborhood priced from $1,350. 200 S Lincoln in the Waterford of Algonquin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here is today’s list of the most affordable Village Of Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Patriot Prairie of Woodstock (FKA Prairie View)STUDIOStudio,1BA$1,350
200 S Lincoln1BD/1BA1BR,1BA$1,400
Fawn Ridge ApartmentsHillshire Plus2BR,1BA$1,469
The Paths of Walnut Ridge2 Bed / 2 Bath2BR,2BA$1,480
Eden Prairie Apartments1 Bed 1 Bath Renovated Ground Level1BR,1BA$1,495

Best Value Apartments for Rent in Village Of Lakewood, IL and Nearby

As of January 13, 2026 the best value apartment in the Village Of Lakewood area is the $1.77 price per square foot Rome Model at Conservancy at Gilberts in the in the Square Barn Road School Campus neighborhood starting from $2,605. The second greatest value Village Of Lakewood apartment is the Willowood Model at Redwood Crystal Lake starting at $2,599 with a $1.88 price per square foot in the Arrowhead neighborhood. Here is today’s list of the best values for Village Of Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Conservancy at GilbertsRome2BR,2.5BA$1.77
Redwood Crystal LakeWillowood2BR,2BA$1.88
The Villas At Patriot EstatesOne bedroom/long den1BR,2.5BA$1.42
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.77
WoodcreekApt B2BR,2BA$1.55
Residence of Fairway Greens2bed one and half bath, basement2BR,1.5BA$1.88
The Paths of Walnut Ridge2 Bed / 2 Bath2BR,2BA$1.51
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Fawn Ridge ApartmentsHillshire Plus2BR,1BA$1.69

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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The 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.

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Cash 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.

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

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Frequently Asked Questions about Village Of Lakewood

What type of rentals are currently available in Village Of Lakewood?

There are currently 41 Apartments for Rent in Village Of Lakewood, IL with pricing that ranges from $1,199 to $3,867. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Village Of Lakewood ranging from $1,550 to $3,950.

What is the current price range for Rental Homes in Village Of Lakewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Village Of Lakewood ranges from $1,550 to $3,950 with an average monthly rent of $2,526.

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

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!