
Cheap Homes for Rent in Wonder Lake, IL from $900 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Wonder Lake.


430 Cunat Blvd

219 Grove St

4312 W Shamrock Ln

4301 W Shamrock Ln
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.

28 Jamaica Colony

57 Vail Colony St

551 Leah Ln

727 Elm Ln

163 Eagle Point Rd
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.

3929 Main St

730 N Seminary Ave

416 Clay St

3004 Michael St

531 Leah Ln
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.

10102 Main St

350 College St
Wonder Lake, IL Local Guide

How much does it cost to rent a home in Wonder Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wonder Lake 2 Bedroom Homes for Rent | $1,787 | $975 | $3,197 |
| Wonder Lake 3 Bedroom Homes for Rent | $2,468 | $1,395 | $3,000 |
| Wonder Lake 4 Bedroom Homes for Rent | $2,948 | $2,500 | $3,495 |
| Wonder Lake 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Top Homes for Rent in Wonder Lake
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Wonder Lake, IL Local Guide
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Cheapest Available Wonder Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Wonder Lake, IL is a 1 Bed unit found at McHenry Commons in the Lincoln Hills neighborhood priced from $576. Tan Oak Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,249. Here is today’s list of the most affordable Wonder Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McHenry Commons | Sugar Maple - 30% AMI | 1BR,1BA | $576 |
| Tan Oak Apartments | 2 Bed 1 Bath Remodeled | 2BR,1BA | $1,249 |
| Fawn Ridge Apartments | Summit Plus | 1BR,1BA | $1,273 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1,280 |
| Patriot Oaks | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,307 |
Best Value Apartments for Rent in Wonder Lake, IL and Nearby
As of June 21, 2026 the best value apartment in the Wonder Lake area is the $1.86 price per square foot Forestwood Model at Redwood Volo in the in the Liberty Lakes - Freedom Series neighborhood starting from $2,405. The second greatest value Wonder Lake apartment is the 2 Beds, 2 baths Model at West Harbor Residences at Reva Bay starting at $1,900 with a $1.52 price per square foot in the Amber Shores neighborhood. Here is today’s list of the best values for Wonder Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Redwood Volo | Forestwood | 2BR,2BA | $1.86 |
| West Harbor Residences at Reva Bay | 2 Beds, 2 baths | 2BR,2BA | $1.52 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.25 |
| River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.82 |
| Stone Edge Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.36 |
| Tuckaway Townhomes | 2 Bedroom Townhome | 2BR,2BA | $1.72 |
| Tan Oak Apartments | 2 Bed 1 Bath Remodeled | 2BR,1BA | $1.45 |
| 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!
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See the most popular apartments and homes in Wonder Lake, IL
Frequently Asked Questions about Wonder Lake
What type of rentals are currently available in Wonder Lake?
There are currently 46 Apartments for Rent in Wonder Lake, IL with pricing that ranges from $576 to $6,055. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wonder Lake ranging from $975 to $3,495.
What is the current price range for Rental Homes in Wonder Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wonder Lake ranges from $975 to $3,495 with an average monthly rent of $2,080.
How much are larger Three and Four Bedroom Rentals in Wonder Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wonder Lake range from $1,460 to $3,698, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $6,055.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.