
Cheap Homes for Rent in McHenry Road Neighborhood of Wheeling, IL from $1,500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the McHenry Road area of Wheeling.


639 Trace Dr

869 Trace Dr, Unit 101, Unit 101
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.

442 Thornhill Ln, Unit C2, Unit C2

254 E Wayne Pl

573 Greystone Ln, Unit D2, Unit D2
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.
McHenry Road, Wheeling, IL Local Guide

How much does it cost to rent a home in McHenry Road?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| McHenry Road 2 Bedroom Homes for Rent | $2,295 | $1,650 | $2,800 |
| McHenry Road 3 Bedroom Homes for Rent | $2,863 | $2,070 | $3,700 |
| McHenry Road 4 Bedroom Homes for Rent | $3,350 | $3,100 | $3,600 |
| McHenry Road 5 Bedroom Homes for Rent | $5,500 | $5,500 | $5,500 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the McHenry Road Neighborhood of Wheeling, IL.
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McHenry Road, Wheeling, IL Local Guide
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Cheapest Available McHenry Road Apartments for Rent
 The cheapest available apartment rental in the McHenry Road area of Chicago, IL is a 1 Bed unit found at Stonebridge of Arlington Heights priced from $1,659. ReNew Lake Arlington has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,669. Here are the most affordable McHenry Road apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stonebridge of Arlington Heights | 1x1 A | 1BR,1BA | $1,659 |
| ReNew Lake Arlington | 1x1B | 1BR,1BA | $1,669 |
| Waterford Place Apartments | Commeraugh (Reno) | 1BR,1BA | $1,781 |
Best Value Apartments for Rent in McHenry Road, IL
As of April 25, 2026 the best value apartment in the McHenry Road area is the $1.80 price per square foot 3 Bedroom Model at Union Apartments in the in the McHenry Road neighborhood starting from $2,200. The second greatest value McHenry Road apartment is the 2x1.5 Model at ReNew Lake Arlington starting at $2,079 with a $1.98 price per square foot in the McHenry Road neighborhood. Here is today’s list of the best values for McHenry Road apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Union Apartments | 3 Bedroom | 3BR,2BA | $1.80 |
| ReNew Lake Arlington | 2x1.5 | 2BR,1.5BA | $1.98 |
| Mallard Lake | Superior | 2BR,2BA | $1.92 |
| 301 Riverwalk Place | The Elm | 1BR,1BA | $2.38 |
| Brook Run | Birch | 2BR,1BA | $2.49 |
| Mandalane | 2D | 2BR,2BA | $2.03 |
| 600 Trace Dr, Unit 105 | 600 Trace Dr | 2BR,1BA | $2.12 |
| Stonebridge of Arlington Heights | 1x1 A Reno | 1BR,1BA | $2.01 |
| One Wheeling Town Center | 1B1BA-1A | 1BR,1BA | $2.34 |
| Arlington Club Apartments | A1 | 1BR,1BA | $2.38 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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.
Pet Friendly LifestyleMchenry Road, Wheeling, IL
Ranked #1
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Mchenry Road, Wheeling, IL
School data provided by Great Schools
Frequently Asked Questions about McHenry Road
What type of rentals are currently available in McHenry Road?
There are currently 64 Apartments for Rent in McHenry Road, IL with pricing that ranges from $1,599 to $17,613. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in McHenry Road ranging from $1,500 to $5,500.
What is the current price range for Rental Homes in McHenry Road?
Today's rental pricing for Homes for Rent, Condos and Townhomes in McHenry Road ranges from $1,500 to $5,500 with an average monthly rent of $3,101.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.