Cheap Apartments for Rent in Wauconda, IL from $500 (52 Rentals)

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

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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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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Station 250
Rent Specials
$1,716 - $3,651
Total Monthly Price

Total Monthly Price

Base Rent
$1,716 - $3,651
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Station 250

250 Plaza CirMundelein, IL 60060
Corporate Housing
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  • 3D Tour

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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Harbor View Apartments
Studio to 1 Bedroom Apartments

Harbor View Apartments

10-14 Rushmore RdFox Lake, IL 60020
Student Housing

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.

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Villas By The Lake
1 to 2 Bedroom Apartments

Villas By The Lake

300 Lakeside DrVernon Hills, IL 60061
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-50, Page 1 of 2

Wauconda, IL Local Guide

Cheapest Neighborhoods for Apartments in Wauconda, IL

Pricing Updated: 05/07/2026

Current apartment rentals in the Wauconda, 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 Wauconda Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Liberty Lakes - Freedom Series$2,068$1,2007

Cheapest Available Wauconda Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wauconda, IL is a 1 Bed unit found at Wauconda Park Apartments in the Liberty Lakes - Freedom Series neighborhood priced from $1,200. Rosewood Round Lake has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,244. Here is today’s list of the most affordable Wauconda apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wauconda Park Apartments1 Bed / 1 Bath1BR,1BA$1,200
Rosewood Round Lake2 Bedroom2BR,1BA$1,244
Patriot Oaks1 Bedroom 1 Bathroom1BR,1BA$1,307
534 E Washington StOne bed/One bath1BR,1BA$1,325
Heritage Green Apartments1 BR/1BA1BR,1BA$1,445
Park Butterfield ApartmentsStudio Floor Plan S1Studio,1BA$1,451
Brittany Square1 Bedroom1BR,1BA$1,475
Lakeside Village Apartments1 BED / 1.0 BATH, 710 SQ FT MID LEVEL1BR,1BA$1,485
Springs at Three OaksSGO | Studio Grand OverlookStudio,1BA$1,492
Grays Pointe Apartments2 Bedroom Standard2BR,1BA$1,500

Best Value Apartments for Rent in Wauconda, IL and Nearby

As of May 08, 2026 the best value apartment in the Wauconda area is the $1.67 price per square foot 3 Bedroom Model at The Schoolhouse Apartments in the in the Arrowhead neighborhood starting from $2,500. The second greatest value Wauconda 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 Wauconda apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Schoolhouse Apartments3 Bedroom3BR,2BA$1.67
Morris Station2BR/2.0BA2BR,2BA$1.80
The Villas At Patriot EstatesOne bedroom/long den1BR,2.5BA$1.47
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.82
Stone Edge Apartments2 Bed 2 Bath2BR,2BA$1.41
Emerald Pointe Apartments2 Bedroom 1 Bath (984 sq ft)2BR,1BA$1.90
Grays Pointe Apartments2 Bedroom Platinum2BR,1.5BA$1.56
Rosewood Round Lake2 Bedroom2BR,1BA$1.32
534 E Washington StOne bed/One bath1BR,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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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.

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Wauconda, IL

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

Explore Wauconda, IL Rentals by Map

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Frequently Asked Questions about Cheap Wauconda Apartments

What is the Cheapest Studio apartment in Wauconda?

Currently the most affordable Cheap Studio Apartment in Wauconda is at Park Butterfield Apartments listed at $1,451.

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

The lowest price for a Cheap One Bedroom Wauconda Apartment is $1,200 at Wauconda Park Apartments.

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 $1,700.

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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.