Cheap Apartments for Rent in Wauconda, IL from $500 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in Wauconda.

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.

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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.

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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.

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Savanna Ridge
$1,823 - $2,073
Total Monthly Price

Total Monthly Price

Base Rent
$1,823 - $2,073
Total Monthly Price
$1,823 - $2,073
1 to 2 Bedroom Apartments Available Now

Savanna Ridge

18400 W IL Route 120Grayslake, IL 60030
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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.

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Harbor View Apartments
Studio to 1 Bedroom Apartments

Harbor View Apartments

10-14 Rushmore RdFox Lake, IL 60020
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Villas By The Lake
1 to 2 Bedroom Apartments

Villas By The Lake

300 Lakeside DrVernon Hills, IL 60061
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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.

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Wauconda, IL Local Guide

Cheapest Neighborhoods for Apartments in Wauconda, IL

Pricing Updated: 08/08/2026

Current apartment rentals in the Wauconda, IL area range in price from $1,200 to $3,087 with an overall median price of $1,803. Here is today’s list neighborhoods with the lowest median pricing for Wauconda Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Liberty Lakes - Freedom Series$1,803$1,2004

Cheapest Available Wauconda Apartments for Rent

 

The cheapest available apartment rental in Wauconda, IL is a 1 Bed unit found at Cary Horizon 62+ Senior Community in the Arrowhead neighborhood priced from $570. Wauconda Park Apartments in the Liberty Lakes - Freedom Series neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here is today’s list of the most affordable Wauconda apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cary Horizon 62+ Senior Community1 Bedroom - 30-60%1BR,1BA$570
Wauconda Park Apartments1 Bed / 1 Bath1BR,1BA$1,200
Rosewood Round Lake2 Bedroom2BR,1BA$1,244
Patriot Oaks1 Bedroom 1 Bathroom1BR,1BA$1,307
Heritage Green Apartments1 BR/1BA1BR,1BA$1,445
Coventry Glen Apartments1 Bdrm/1 Bath-1st FlrP1BR,1BA$1,455
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$1,485
Grays Pointe Apartments2 Bedroom Premium2BR,1BA$1,500
The Blake at Fox RiverEllory Terrace1BR,1BA$1,500
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1,500

Best Value Apartments for Rent in Wauconda, IL

As of August 08, 2026 the best value apartment in the Wauconda area is the $1.88 price per square foot Willowood Model at Redwood Crystal Lake in the in the Arrowhead neighborhood starting from $2,599. The second greatest value Wauconda apartment is the 2BR/2.0BA Model at Morris Station starting at $2,534 with a $1.86 price per square foot in the Central Vernon Hills neighborhood. Here is today’s list of the best values for Wauconda apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Redwood Crystal LakeWillowood2BR,2BA$1.88
Morris Station2BR/2.0BA2BR,2BA$1.86
Eastbanks of Lake Zurich2/22BR,2BA$1.91
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.25
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.82
Savanna RidgeB22BR,1.5BA$1.89
Grays Pointe Apartments2 Bedroom Premium2BR,1BA$1.56
Rosewood Round Lake2 Bedroom2BR,1BA$1.32
Cary Horizon 62+ Senior Community2 Bedroom - 60%2BR,1BA$1.56
The Residences of Fox MeadowsThe Bluebell1BR,1BA$1.89

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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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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Wauconda, IL

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Wauconda Apartments

How much is rent for a Cheap One Bedroom Wauconda Apartment?

The lowest price for a Cheap One Bedroom Wauconda Apartment is $570 at Cary Horizon 62+ Senior Community.

What is the lowest price for a Cheap Two Bedroom Wauconda Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Wauconda is starting from $1,244 at Rosewood Round Lake.

What is the most affordable Wauconda Three Bedroom Apartment?

The best deal on a cheap Wauconda Three Bedroom Apartment rental is at Oakbrook Estates- Senior 55+ Community and starts from $1,500.

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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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.

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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.

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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.