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Lake Villa, IL Homes for Rent

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  • /43

    Starting at $1,425 Per Month

    • 1 - 2 Beds

    149 N Milwaukee Ave, Lake Villa, IL 60046

    Beautiful Remodel Two Bedroom! - Deep Lake Hermitage is a waterfront apartment community that stands above the rest! Come live the lake life in style in one of our remodeled units! With updated appliances, updated flooring, updated cabinets, and updated countertops, you can feel like youre living in a dream! Heat included! This community offers a waterfront living

    Deep Lake Hermitage

    149 N Milwaukee Ave, Lake Villa, IL 60046
  • /9

    Starting at $1,350 Per Month

    • 1 Bed

    103 N Milwaukee Ave, Lake Villa, IL 60046

    Spacious, Updated Apartments Available at Lakeview Terrace!Welcome home to comfort, convenience, and space at Lakeview Terrace! These exceptionally large units offer everything you need for modern living.APARTMENT FEATURES:-Expansive eat-in kitchen with plenty of room for dining-In-unit washer & dryer for ultimate convenience-Oversized bedroom with generous closet

    Lakeview Terrace Apartments

    103 N Milwaukee Ave, Lake Villa, IL 60046
  • /7

    Starting at $1,365 Per Month

    • 1 - 2 Beds

    712 Waters Edge Dr, Lake Villa, IL 60046

    Waters Edge Apartments were designed for people who appreciate a beautiful lakeside location! Half of our apartments overlook Deep Lake, while others overlook the woodland areas. All of our floor plans offer dedicated dining space, galley kitchens with standard appliances (gas stove!), washer/dryer in unit, 30 gallon hot water tank, and ample closet space and either 1 or 2 patio/balconies.

    Water's Edge Apartments

    712 Waters Edge Dr, Lake Villa, IL 60046
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    $2,845 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,178 Sq Ft
    • House for Rent

    298 N Crooked Lake Ln, Lindenhurst, IL 60046

    Apply now or schedule your self-tour today and take the first step toward getting more than just a place to live. Rent with FirstKey Homes for a home that's right for you, plus professional service and maintenance, innovative resident programs, and more; that's the power of purple! This 3-bedroom, 2.5-bathroom rental home in Lindenhurst, IL, may be the right place for you. Experience peace

    298 N Crooked Lake Ln, Lindenhurst, IL 60046
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    $2,300 Per Month

    • 3 Beds
    • 1 Bath
    • 1,073 Sq Ft
    • House for Rent

    37187 N Piper Ln, Lake Villa, IL 60046

    Welcome to this charming 3-bedroom, 1-bathroom home in Lake Villa! Recently remodeled and available immediately! Laundry hook ups in the home. Pets will be considered on case-to-case basis. Located close to forest preserve.

    Debby Krol-Sullivan Coldwell Banker Real Estate Group

    37187 N Piper Ln, Lake Villa, IL 60046
  • /64

    $6,300 Per Month

    • 4 Beds
    • 3.5 Baths
    • 3,735 Sq Ft
    • House for Rent

    18768 W Highfield Dr W, Lake Villa, IL 60046

    Welcome to 18768 Highfield Dr, a beautifully updated and FULLY FURNISHED on trend residence featuring four spacious bedrooms and 3.1 bathrooms, all shining with a modern aesthetic. From the crisp, fresh paint to the fully updated kitchen and bathrooms, the home feels brand new and ready for you to move right in. The layout is designed for effortless living. Besides having a private 1st floor

    Renee Hughes Compass

    18768 W Highfield Dr W, Lake Villa, IL 60046
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    $3,300 Per Month

    • 7 Beds
    • 2.5 Baths
    • 2,588 Sq Ft
    • House for Rent

    37256 N Il Route 83, Lake Villa, IL 60046

    Large 7 bedroom, 4 bath, large living area, huge kitchen, private front and backyard consisting of over an acre. Hardwood floors and a fireplace. Two separate living quarters available in the one home. Very scenic and wooded. Un-stacked washer/dryer. Large garage that fits 3 cars plus storage.

    Amanda Stamelos Coordinate Properties LLC

    37256 N Il Route 83, Lake Villa, IL 60046
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    $5,000 Per Month

    • 7 Beds
    • 5 Baths
    • 4,570 Sq Ft
    • House for Rent

    35580 N Knowles Rd, Lake Villa, IL 60046

    Home is located in an agricultural zone. Large 7 bedroom house on 7 acre private property including a pond. 2 car garage and plenty of storage space. Ideal for multi-generational or multi-family home with separate, yet connected living spaces. Alternatively, both units can be rented separately with 3 bedrooms and 2 bathrooms on the top 2 floors and 4 bedrooms and 3 bathrooms between the first

    Amanda Stamelos Coordinate Properties LLC

    35580 N Knowles Rd, Lake Villa, IL 60046
  • /31

    $3,700 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,862 Sq Ft
    • House for Rent

    37061 N Bonnie Brae Rd, Lake Villa, IL 60046

    Welcome to this exceptional 4-bed, 2.5-bath, 2,862 sq. ft. single-family home in the highly sought-after Deerpath Estates offers a private retreat with no backyard neighbors. Perfect for families, it features a prime location zoned for Millburn Elementary and Warren Township High School districts.Property Highlights:Space: 4 generously sized bedrooms and 2.5 well-appointed bathrooms.Location:

    Venkateshwar Talari Coldwell Banker Realty

    37061 N Bonnie Brae Rd, Lake Villa, IL 60046
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    $3,400 Per Month

    • 3 Beds
    • 2 Baths
    • 1,780 Sq Ft
    • House for Rent

    37235 N Hillside Dr, Lake Villa, IL 60046

    Welcome home to this charming 3-bedroom, 2-bath residence offering comfort, functionality, and the added benefit of lake and dock access. The thoughtfully designed layout provides spacious living areas, comfortable bedrooms, and two full bathrooms to accommodate family and guests. Whether you're relaxing indoors or enjoying time by the water, this home offers the perfect balance of everyday

    Elizabeth Sacha Village Realty Inc

    37235 N Hillside Dr, Lake Villa, IL 60046
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    $2,350 Per Month

    • 3 Beds
    • 2 Baths
    • 1,614 Sq Ft
    • House for Rent

    38624 N Miller Rd, Lake Villa, IL 60046

    Secluded and private home with year-round vacation feel with lake views, a few steps from Hastings Lake Forest Preserve, and Lindenhurst Library. Minutes from shopping, restaurants, and entertainment. This home has 3 ample sized bedrooms, formal dining room, kitchen with breakfast bar/granite tops/stainless steel appliances, HUGE living room with access to screened porch perfect to enjoy 3 out of

    Roberto Sanchez Century 21 Integra

    38624 N Miller Rd, Lake Villa, IL 60046
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    $3,000 Per Month

    • 4 Beds
    • 2 Baths
    • 1,474 Sq Ft
    • House for Rent

    37544 N Columbus Ave, Lake Villa, IL 60046

    Completely remodeled and move-in ready Single Family Rental Home; this beautifully updated 4-bedroom, 2-bath Cape Cod sits on an oversized lot and offers the perfect blend of modern upgrades and functional living. The main level features a bright and open living and dining room combination filled with natural light, creating a warm and inviting atmosphere. The fully renovated kitchen is a

    Vaseekaran Janarthanam RE/MAX Plaza

    37544 N Columbus Ave, Lake Villa, IL 60046

Why Live in Lake Villa

Lake Villa, Illinois, situated in Chicago's Chain O’ Lakes region, offers a serene escape from urban life with its focus on nature and outdoor activities. The community of nearly 9,000 residents enjoys access to Cedar and Deep Lakes, which provide opportunities for swimming, fishing, and boating. Lehmann Park, located along Cedar Lake, features a beach, volleyball courts, and horseshoe pits, while Frank M. Loffredo Park offers soccer, football, and baseball fields, as well as a seasonal hockey rink and skatepark. Sun Lake Forest Preserve, with its fragile shoreline, offers over 3 miles of trails for hiking, biking, and cross-country skiing. The Lake Villa Township Baseball Complex is popular for youth sports. Housing in Lake Villa includes New Traditionals, split-level, and ranch-style homes, with some lakeside properties featuring custom designs and private docks. The local schools, Lake Villa Community Consolidated School District 41 and Antioch Community High School District 117, are highly rated. Downtown Lake Villa hosts local restaurants like Timothy O’Tooles, known for its wings and pub fare, though residents often shop in nearby Round Lake Beach or Gurnee Mills. The village hosts summer concerts and a fall festival with live music and local vendors. Located 52 miles from both Chicago and Milwaukee, Lake Villa offers convenient commuting options via I-94 and a Metra station. Chicago O’Hare International Airport is 39 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Lake Villa, IL?
The median rent for a home in Lake Villa, IL is $3,350 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Lake Villa, IL?
To comfortably afford the median rent in Lake Villa, IL, a household needs to earn roughly $134,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,350 per month in Lake Villa, IL, renters typically need to show $10,050 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lake Villa, IL?
In Lake Villa, IL, the price-to-rent ratio is 9.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
12
Median Rent
$3,350
Median Single Family Home Rent
$2,325
Median Townhouse Rent
$2,000
Median Condo Rent
$1,250
How to Rent a Home