Studio Apartments for Rent in Lily Lake, IL (11 Rentals)

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-11, Page 1 of 1

Lily Lake, IL Local Guide

Largest Available Lily Lake and Nearby Studio Apartments

The largest available Studio apartment unit in Lily Lake, IL is found at Springs At South Elgin in the Valley View neighborhood and is 623 square feet priced from $1,611. Reserve at Village Center in the Randall Road Corridor neighborhood has the second largest Studio, which is sized at 592 square feet and currently listed start at $1,655. Here is today’s list of the largest available Studio units in Lily Lake:

Apartment ListingModel NameSquare FootagePriced From
Springs At South ElginStudio Grand Overlook623 Sq Ft$1,611
Reserve at Village CenterMarigold592 Sq Ft$1,655
Reserve at Prairie CentreAster537 Sq Ft$1,678
Royal Ridge ApartmentsStudio500 Sq Ft$1,125

Cheapest Available Lily Lake and Nearby Studio Apartments

As of January 02, 2026 the lowest priced Studio apartment unit in Lily Lake, IL is the Studio Model starting from $1,125 at Royal Ridge Apartments in the Edgewater neighborhood. The second most affordable Lily Lake Studio is the Studio Grand Overlook Model at Springs At South Elgin starting at $1,611 in the Valley View neighborhood. The average price for all Studio apartments in Lily Lake is currently $1,688. Here is today’s list of the cheapest available Studio options in Lily Lake:

Apartment ListingModel NamePriced From
Royal Ridge ApartmentsStudio$1,125
Springs At South ElginStudio Grand Overlook$1,611
Reserve at Village CenterMarigold$1,655
Reserve at Prairie CentreAster$1,678

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.

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The 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.

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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.

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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.

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

Explore Lily Lake, IL Rentals by Map

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See the most popular apartments and homes in Lily Lake, IL

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Frequently Asked Questions about Studio Lily Lake Apartments

What is the Cheapest apartment in Lily Lake with Studio?

Currently the most affordable Studio in Lily Lake is at Royal Ridge Apartments listed at $1,125.

How much is the average rent for a Studio Lily Lake Apartment?

The average rent for a Studio Apartment in Lily Lake is $1,688.

What is the largest available Studio Lily Lake Apartment for rent?

Today's apartment with the most square footage in Lily Lake is a 623 square feet unit starting from $1,611 at Springs At South Elgin.

What is the average size for Lily Lake Studio Apartments for rent?

The average size for a Studio rental in Lily Lake is currently 616 sq ft.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!