Cheap Apartments for Rent in Third Lake, IL from $1,000 (27 Rentals)

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

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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Brookstone Apartments
1 to 2 Bedroom Apartments

Brookstone Apartments

4247 Hickory Hills DrWaukegan, IL 60087
  • Utilities Included

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Third Lake, IL Local Guide

Cheapest Available Third Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Third Lake, IL is a 1 Bed unit found at Beechwood at the Preserve in the North Center neighborhood priced from $1,065. Heritage Green in the North Waukegan neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Third Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Beechwood at the PreserveOne Bedroom1BR,1BA$1,065
Heritage Green1BR/1BA1BR,1BA$1,150
Woodview Apartments1BR/1BA1BR,1BA$1,250
Grays Pointe Apartments2 Bedroom Standard2BR,1BA$1,500
Imperial Tower ApartmentsThe Baldwin2BR,2BA$1,561
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$1,795
The Preserve at Osprey LakeThe Sanderling III1BR,1BA$1,877
Deercrest of AntiochCampania End (TH)3BR,3BA$2,850
Clublands of AntiochRavello (SFR)3BR,2BA$3,079
Eleven5 Lake3 Bedroom / 2 Bathroom3BR,2BA$3,745

Best Value Apartments for Rent in Third Lake, IL and Nearby

As of May 15, 2025 the best value apartment in the Third Lake area is the $1.66 price per square foot Campania End (TH) Model at Deercrest of Antioch in the in the Heritage Park neighborhood starting from $2,850. The second greatest value Third Lake apartment is the 3 Bedroom / 2 Bathroom Model at Eleven5 Lake starting at $3,745 with a $2.20 price per square foot in the Central Vernon Hills neighborhood. Here is today’s list of the best values for Third Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Deercrest of AntiochCampania End (TH)3BR,3BA$1.66
Eleven5 Lake3 Bedroom / 2 Bathroom3BR,2BA$2.20
Clublands of AntiochRavello (SFR)3BR,2BA$2.28
Imperial Tower ApartmentsThe Baldwin2BR,2BA$1.25
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$2.36
Heritage Green1BR/1BA1BR,1BA$1.53
The Preserve at Osprey LakeThe Sanderling III1BR,1BA$2.52
Grays Pointe Apartments2 Bedroom Premium2BR,1BA$2.08
Beechwood at the PreserveOne Bedroom1BR,1BA$1.61
Woodview Apartments1BR/1BA1BR,1BA$1.92

Quick Rent Budget Calculator

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

Explore Third Lake, IL Rentals by Map

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

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Getting Around Third Lake, IL

Walk Score®

49 / 100

Car-Dependent

Most errands require a car

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

2 / 100

Minimal Transit

It may be possible to get on a bus

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 Third Lake Apartments

How much is rent for a Cheap One Bedroom Third Lake Apartment?

The lowest price for a Cheap One Bedroom Third Lake Apartment is $1,065 at Beechwood at the Preserve.

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

Today's best deal for a Cheap Two Bedroom Apartment in Third Lake is starting from $1,250 at Beechwood at the Preserve.

What is the most affordable Third Lake Three Bedroom Apartment?

The best deal on a cheap Third Lake Three Bedroom Apartment rental is at Deercrest of Antioch and starts from $2,850.

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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