
Cheap Apartments for Rent near Wolf Lake, IL from $400 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Wolf Lake.


Meadow Ridge Townhomes

Storyboard at SIU

Cornerstone Place

Campus Edge

Saluki Apartments

THE QUADS APARTMENTS

ASHBURN COURT APARTMENTS

Alpha Property Management (Alpha Rentals)
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.

Schilling Property Management

University Mall and Walnut Street Apartments

Saint Germain Square

Brookside Apartments

Lake Logan Apartments

Wedgewood Hills

G&R Rentals

The Metropolitan

Pine Shores Rentals
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.

921 E Grand Ave

Newly Renovated 2 Bedrooms!

The District at Cape

Aspen Court Apartments

Palomino Apartments

The Hill Apartments

Home Rentals Corporation

413 W Main St

709 S Poplar St
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.

317 E Mill St

711 S Poplar St

903 Ranney Ave

513 S Ash St

500 S Washington St

710 W Mill St

416 1st St E

Lindenwood Senior Apartments

Duplicate
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.

918 Linden St

3 Village Dr

510 S Poplar St
Wolf Lake, IL Local Guide

How much does it cost to rent an apartment in Wolf Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wolf Lake Studio Apartments | $490 | $450 | $625 |
| Wolf Lake 1 Bedroom Apartments | $880 | $200 | $1,575 |
| Wolf Lake 2 Bedroom Apartments | $1,156 | $625 | $1,800 |
| Wolf Lake 3 Bedroom Apartments | $1,449 | $650 | $2,495 |
| Wolf Lake 4 Bedroom Apartments | $1,214 | $295 | $2,080 |
Browse Top Apartments in Wolf Lake
See all Apartments in Wolf LakeExplore Wolf Lake
Wolf Lake, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Wolf Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Wolf Lake, IL is a Studio unit found at Saluki Apartments priced from $460. THE QUADS APARTMENTS has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Wolf Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Saluki Apartments | Studio | Studio,1BA | $460 |
| THE QUADS APARTMENTS | 0BR/1.0BA | Studio,1BA | $500 |
| Perryville Senior Apartments | Efficiency | Studio,1BA | $575 |
| Schilling Property Management | 1 Bed, 1 bath | 1BR,1BA | $600 |
| Saint Germain Square | 1 Bedroom 1 Bath | 1BR,1BA | $625 |
| ASHBURN COURT APARTMENTS | 1BR/1.0BA | 1BR,1BA | $650 |
| The Metropolitan | Metropolis 1 Bed 1 Bath | 1BR,1BA | $735 |
| The District at Cape | Dempster | 1BR,1BA | $863 |
| Palomino Apartments | 2BR/1.5BA | 2BR,1BA | $895 |
| Hawks Landing | One Bedroom | 1BR,1BA | $915 |
Best Value Apartments for Rent in Wolf Lake, IL and Nearby
As of July 11, 2026 the best value apartment in the Wolf Lake area is the $1.05 price per square foot Black Diamond C2 Model at Storyboard on Black Diamond in the starting from $2,300. The second greatest value Wolf Lake apartment is the 3 Bedrooms Model at Grand Place Apartments starting at $1,185 with a $1.08 price per square foot . Here is today’s list of the best values for Wolf Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Storyboard on Black Diamond | Black Diamond C2 | 3BR,2.5BA | $1.05 |
| Grand Place Apartments | 3 Bedrooms | 3BR,2BA | $1.08 |
| 2015 Walden Pond Way | 2007 Waldon Pond 205 | 2BR,2BA | $1.39 |
| THE QUADS APARTMENTS | 3BR/1.0BA | 3BR,1BA | $0.77 |
| Cedar Creek Rentals | Cedar Creek 1 | 2BR,1BA | $1.25 |
| 900 on Park | Two Bedroom Furnished | 2BR,2BA | $0.82 |
| Schilling Property Management | 1 Bed, 1 bath | 1BR,1BA | $0.86 |
| The District at Cape | Dogwood | 1BR,1BA | $1.39 |
| The Metropolitan | Metropolis 1 Bed 1 Bath | 1BR,1BA | $1.20 |
| Saint Germain Square | 1 Bedroom 1 Bath | 1BR,1BA | $1.39 |
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 Wolf Lake, IL Rentals by Map
See the most popular apartments and homes in Wolf Lake, IL
Frequently Asked Questions about Cheap Wolf Lake Apartments
What is the Cheapest Studio apartment in Wolf Lake?
Currently the most affordable Cheap Studio Apartment in Wolf Lake is at Saluki Apartments listed at $460.
How much is rent for a Cheap One Bedroom Wolf Lake Apartment?
The lowest price for a Cheap One Bedroom Wolf Lake Apartment is $600 at Schilling Property Management.
What is the lowest price for a Cheap Two Bedroom Wolf Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Wolf Lake is starting from $700 at Schilling Property Management.
What is the most affordable Wolf Lake Three Bedroom Apartment?
The best deal on a cheap Wolf Lake Three Bedroom Apartment rental is at THE QUADS APARTMENTS and starts from $800.
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.