Cheap Apartments for Rent in Lakewood, IL from $1,000 (24 Rentals)

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

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200 S Lincoln
1 Bedroom Apartments

200 S Lincoln

200 S Lincoln AveCarpentersville, IL 60110
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Lakewood, IL Local Guide

Cheapest Available Lakewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lakewood, IL is a 1 Bed unit found at Garden Quarter Apartments in the Lincoln Hills neighborhood priced from $1,199. The Paths of Walnut Ridge in the Bryn Mawr neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,225. Here is today’s list of the most affordable Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Garden Quarter Apartments1 Bed, 1 bath1BR,1BA$1,199
The Paths of Walnut Ridge1 bed/1 bath1BR,1BA$1,225
Taylor Place2br 2ba2BR,2BA$1,325
Prairie View (Patriot Prairie of Woodstock)STUDIOStudio,1BA$1,350
The Cornell Luxury ApartmentsStudio1BR,1BA$1,400

Best Value Apartments for Rent in Lakewood, IL and Nearby

As of April 26, 2025 the best value apartment in the Lakewood area is the $1.73 price per square foot CampEnd (TH) Model at Conservancy at Gilberts in the in the Square Barn Road School Campus neighborhood starting from $2,980. The second greatest value Lakewood apartment is the C2- Upper Model at 1900 at Canterfield Apartment Homes starting at $2,475 with a $1.73 price per square foot in the Sandy Creek Estates neighborhood. Here is today’s list of the best values for Lakewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Conservancy at GilbertsCampEnd (TH)3BR,2.5BA$1.73
1900 at Canterfield Apartment HomesC2- Upper3BR,2BA$1.73
Redwood Crystal LakeWillowood2BR,2BA$1.74
The Church Street Apartments2 Bedroom2BR,2BA$1.49
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.68
Taylor Place2br 2ba2BR,2BA$1.28
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
The Paths of Walnut Ridge1 bed/1 bath1BR,1BA$1.79
Garden Quarter Apartments1 Bed, 1 bath1BR,1BA$1.78

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

Explore Lakewood, IL Rentals by Map

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See the most popular apartments and homes in Lakewood, IL

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Getting Around Lakewood, IL

Walk Score®

15 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lakewood Apartments

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

The lowest price for a Cheap One Bedroom Lakewood Apartment is $1,199 at Garden Quarter Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lakewood is starting from $1,325 at Taylor Place.

What is the most affordable Lakewood Three Bedroom Apartment?

The best deal on a cheap Lakewood Three Bedroom Apartment rental is at Taylor Place and starts from $1,505.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.