
Cheap Homes for Rent in Third Lake, IL from $1,300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Third Lake.


1627 Woodbine Dr

387 Meadow Green Ln

451 Meadow Green Ln

720 Barron Blvd

422 Meadow Green Ln

669 Quail Creek Dr

426 E Clarendon Dr

531 Meadow Green Ln

22 Jr Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Third Lake, IL Local Guide

How much does it cost to rent a home in Third Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Third Lake 2 Bedroom Homes for Rent | $1,935 | $1,500 | $2,400 |
Third Lake 3 Bedroom Homes for Rent | $2,735 | $1,900 | $3,850 |
Third Lake 4 Bedroom Homes for Rent | $3,116 | $2,000 | $3,990 |
Third Lake 5 Bedroom Homes for Rent | $3,225 | $2,800 | $3,650 |
Third Lake 6 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
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Third Lake, IL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Beechwood at the Preserve | One Bedroom | 1BR,1BA | $1,065 |
Heritage Green | 1BR/1BA | 1BR,1BA | $1,150 |
Woodview Apartments | 1BR/1BA | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Third Lake, IL and Nearby
As of April 24, 2025 the best value apartment in the Third Lake area is the $1.04 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Deercrest of Antioch | Campania End (TH) | 3BR,3BA | $1.04 |
Eleven5 Lake | 3 Bedroom / 2 Bathroom | 3BR,2BA | $2.20 |
Clublands of Antioch | Ravello (SFR) | 3BR,2BA | $2.28 |
Grays Pointe Apartments | 2 Bedroom Platinum FP | 2BR,1.5BA | $1.56 |
Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $2.11 |
Brittany Square | 1A Bedroom | 1BR,1BA | $1.95 |
Heritage Green | 1BR/1BA | 1BR,1BA | $1.53 |
The Lakes at Fountain Square Apartment Homes | Michigan | 1BR,1BA | $2.08 |
Beechwood at the Preserve | One Bedroom | 1BR,1BA | $1.61 |
Woodview Apartments | 1BR/1BA | 1BR,1BA | $1.92 |
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Frequently Asked Questions about Third Lake
What type of rentals are currently available in Third Lake?
There are currently 45 Apartments for Rent in Third Lake, IL with pricing that ranges from $1,002 to $4,912. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Third Lake ranging from $1,300 to $3,990.
What is the current price range for Rental Homes in Third Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Third Lake ranges from $1,300 to $3,990 with an average monthly rent of $2,751.
How much are larger Three and Four Bedroom Rentals in Third Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Third Lake range from $2,150 to $4,395, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $3,850. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $3,550.
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.

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.

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.

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.

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.