Cheap Homes for Rent in Third Lake, IL from $1,300 (14 Rentals)

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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. Fox Crest 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
Fox CrestFox Crossing1BR,1BA$1,150
Heritage Green1BR/1BA1BR,1BA$1,150
Woodview Apartments1BR/1BA1BR,1BA$1,250
The Lakes at Fountain Square Apartment Homes1x1 Michigan A1P1BR,1BA$1,359

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

As of March 25, 2025 the best value apartment in the Third Lake area is the $1.84 price per square foot B1 Model at Savanna Ridge in the in the Wildwood on Gages Lake neighborhood starting from $1,925. The second greatest value Third Lake apartment is the Harlequin Model at Landings at Amhurst Lake starting at $1,989 with a $1.98 price per square foot in the Pleasant Hill 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.
Savanna RidgeB12BR,1BA$1.84
Landings at Amhurst LakeHarlequin2BR,2BA$1.98
649 Swan Dr, Unit 2A649 Swan Dr2BR,1BA$1.74
The Lakes at Fountain Square Apartment Homes2x2 Ontario B1U2BR,1BA$1.86
Moore Court Apartments1BR/1BA DEN1BR,1BA$1.72
Heritage Green1BR/1BA1BR,1BA$1.53
Brittany Square1A Bedroom1BR,1BA$1.93
Fox CrestFox Crossing1BR,1BA$1.59
Beechwood at the PreserveOne Bedroom1BR,1BA$1.61
Woodview Apartments1BR/1BA1BR,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 46 Apartments for Rent in Third Lake, IL with pricing that ranges from $1,002 to $4,912. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Third Lake ranging from $1,300 to $5,000.

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 $5,000 with an average monthly rent of $2,978.

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 $1,850 to $3,300. 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.

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.

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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.

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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.

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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.