
Cheap Homes for Rent in Village Of Lakewood, IL from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Village Of Lakewood.


1323 Cunat Ct

651 S Virginia Rd

350 College St
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.

721 Dean St

439 Berkshire Dr

219 Uteg St

1380 Cunat Ct
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.

5 S Virginia Rd
Village Of Lakewood, IL Local Guide

How much does it cost to rent a home in Village Of Lakewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Village Of Lakewood 2 Bedroom Homes for Rent | $2,091 | $1,550 | $3,197 |
| Village Of Lakewood 3 Bedroom Homes for Rent | $2,762 | $1,950 | $3,650 |
| Village Of Lakewood 4 Bedroom Homes for Rent | $3,125 | $2,800 | $3,600 |
| Village Of Lakewood 5 Bedroom Homes for Rent | $3,450 | $3,450 | $3,450 |
Browse Top Homes for Rent in Village Of Lakewood
Explore Village Of Lakewood
Village Of Lakewood, IL Local Guide
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Cheapest Neighborhoods for Apartments in Village Of Lakewood, IL
Pricing Updated: 06/26/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Turnberry | $3,450 | $1,950 | 2 |
Cheapest Available Village Of Lakewood Apartments for Rent and Nearby
 The cheapest available apartment rental in Village Of Lakewood, IL is a 1 Bed unit found at McHenry Commons in the Lincoln Hills neighborhood priced from $576. Fawn Ridge Apartments in the Lincoln Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,273. Here is today’s list of the most affordable Village Of Lakewood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McHenry Commons | Sugar Maple - 30% AMI | 1BR,1BA | $576 |
| Fawn Ridge Apartments | Summit Plus | 1BR,1BA | $1,273 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1,280 |
Best Value Apartments for Rent in Village Of Lakewood, IL and Nearby
As of June 26, 2026 the best value apartment in the Village Of Lakewood area is the $1.86 price per square foot TH-A Model at Enclave Crystal Lake Townhomes and Apartments in the in the Park Place neighborhood starting from $3,125. The second greatest value Village Of Lakewood apartment is the Champion Single Wide Model at Oakbrook Estates- Senior 55+ Community starting at $1,500 with a $1.25 price per square foot in the Fox Trails neighborhood. Here is today’s list of the best values for Village Of Lakewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Enclave Crystal Lake Townhomes and Apartments | TH-A | 2BR,2.5BA | $1.86 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.25 |
| Stone Edge Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.36 |
| River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.82 |
| Woodcreek | Apt B | 2BR,2BA | $1.60 |
| Residence of Fairway Greens | 2.1.5B | 2BR,1.5BA | $1.95 |
| 311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1.75 |
| McHenry Commons | Sugar Maple - 60% AMI | 1BR,1BA | $1.70 |
| Fawn Ridge Apartments | Summit Plus | 1BR,1BA | $1.78 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1.90 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Village Of Lakewood, IL Rentals by Map
See the most popular apartments and homes in Village Of Lakewood, IL
Frequently Asked Questions about Village Of Lakewood
What type of rentals are currently available in Village Of Lakewood?
There are currently 44 Apartments for Rent in Village Of Lakewood, IL with pricing that ranges from $576 to $4,237. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Village Of Lakewood ranging from $1,210 to $3,650.
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 $1,210 to $3,650 with an average monthly rent of $2,556.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.