Cheap Apartments for Rent in Lakewood, IL from $1,000 (31 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Buckingham Court
1 to 3 Bedroom Apartments

Buckingham Court

421-470 Buckingham DrCrystal Lake, IL 60014
  • Utilities Included
close
View Me
Briarwood West
2 to 3 Bedroom Apartments

Briarwood West

1470 Briarwood CirCrystal Lake, IL 60014
close
View Me
200 S Lincoln
1 Bedroom Apartments

200 S Lincoln

200 S Lincoln AveCarpentersville, IL 60110
Showing Results 1-31, Page 1 of 1

Lakewood, IL Local Guide

Cheapest Available Lakewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lakewood, IL is a Studio unit found at Prairie View (Patriot Prairie of Woodstock) in the Savanna Grove neighborhood priced from $1,350. Meadowdale Apartments in the Waterford of Algonquin neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,400. Here is today’s list of the most affordable Lakewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Prairie View (Patriot Prairie of Woodstock)STUDIOStudio,1BA$1,350
Meadowdale Apartments2 Bedroom 1 Bath 810 sq ft2BR,1BA$1,400
The Church Street Apartments1 Bedroom1BR,1BA$1,400
The Cornell Luxury ApartmentsStudio1BR,1BA$1,400
Eden Prairie Apartments1 Bed 1 Bath Renovated1BR,1BA$1,450
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1,550
Springs at Three OaksSGO | Studio Grand OverlookStudio,1BA$1,596
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1,700
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1,850
Algonquin Square Apartment HomesThe Cornish1BR,1BA$1,856

Best Value Apartments for Rent in Lakewood, IL and Nearby

As of April 05, 2025 the best value apartment in the Lakewood area is the $1.07 price per square foot 630 Regal Ln Model at 630 Regal Ln in the in the Park Place neighborhood starting from $3,525. The second greatest value Lakewood apartment is the 10144 Ashley St Model at 10144 Ashley St starting at $3,185 with a $1.46 price per square foot in the Park Place 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.
630 Regal Ln630 Regal Ln4BR,3BA$1.07
10144 Ashley St10144 Ashley St4BR,2.5BA$1.46
10035 Cummings St10035 Cummings St2BR,2.5BA$1.64
73 Briarwood Dr73 Briarwood Dr3BR,2BA$1.70
The Church Street Apartments2 Bedroom2BR,2BA$1.49
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
Skyridge Club ApartmentsPinnacle II2BR,2BA$1.73
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.68
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Meadowdale Apartments2 Bedroom 1 Bath 810 sq ft2BR,1BA$1.73

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Lakewood, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lakewood, IL

View MapLakewood, IL Apartments MapView MapLakewood, IL Rental Homes Map

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

What is the Cheapest Studio apartment in Lakewood?

Currently the most affordable Cheap Studio Apartment in Lakewood is at Prairie View (Patriot Prairie of Woodstock) listed at $1,350.

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

The lowest price for a Cheap One Bedroom Lakewood Apartment is $1,400 at The Church Street 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 $1,375 at Prairie View (Patriot Prairie of Woodstock).

What is the most affordable Lakewood Three Bedroom Apartment?

The best deal on a cheap Lakewood Three Bedroom Apartment rental is at Oakbrook Estates- Senior 55+ Community and starts from $1,700.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.