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Lake Villa, IL Homes for Rent

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  • /43

    Starting at $1,475 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
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    Starting at $1,300 Per Month

    • 1 - 2 Beds

    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
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    Starting at $1,315 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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    $3,260

    Total Monthly Price

    • 5 Beds
    • 2.5 Baths
    • 2,007 Sq Ft
    • House for Rent

    2201 Oak Leaf Ln, Lake Villa, IL 60046

    Now offering 22-month leases. Sign today and lock in today’s low rate for the next 22 months! Offer valid for new applicants who sign a 22-month lease by June 30th, 2026. Base rent will remain at the 12-month lease rate for the duration of the 22-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This property is

    2201 Oak Leaf Ln, Lake Villa, IL 60046
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    $1,690 - $1,790

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 950 Sq Ft
    • Condo for Rent

    705 Waters Edge Dr, Lake Villa, IL 60046

    **Welcome to Waters Edge Apartments**Nestled within a beautifully landscaped community, Waters Edge Apartments offers a serene lakeside setting surrounded by mature trees and natural beauty. Residents enjoy picturesque lake and wooded-area views while remaining just minutes from shopping, dining, and nearby public parks.Designed for those who appreciate peaceful living in a scenic

    705 Waters Edge Dr, Lake Villa, IL 60046
  • /5

    $1,690 - $1,790

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 950 Sq Ft
    • Condo for Rent

    705 Waters Edge Dr, Lake Villa, IL 60046

    **Welcome to Waters Edge Apartments**Nestled within a beautifully landscaped community, Waters Edge Apartments offers a serene lakeside setting surrounded by mature trees and natural beauty. Residents enjoy picturesque lake and wooded-area views while remaining just minutes from shopping, dining, and nearby public parks.Designed for those who appreciate peaceful living in a scenic

    705 Waters Edge Dr, 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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    $1,300 Per Month

    • 1 Bed
    • 1 Bath
    • House for Rent

    127 Cedar Ave, Lake Villa, IL 60046

    Charming vintage apartment located in the heart of Lake Villa! Beautifully updated 1-bedroom, 1-bath unit available, blending timeless character with modern upgrades. Step inside to find original vintage molding and architectural details that add warmth and charm, complemented by brand-new flooring and fresh paint throughout for a bright, refreshed feel. Features an updated kitchen with pantry

    127 Cedar Ave, Lake Villa, IL 60046
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    $2,700 Per Month

    • 3 Beds
    • 2 Baths
    • 1,940 Sq Ft
    • House for Rent

    25640 W Glade Dr, Lake Villa, IL 60046

    Available now! Located in Fox Lake Hills. Spectacular views. 3 large bedrooms, 2 full bathrooms, recently remodeled, four seasons room, newer stainless steel appliances , high efficiency furnace, 2 levels of living space, LED lighting inside and outside. Modern bathrooms. Lots of natural light throughout in the large living room that opens into the dining room and kitchen. Enjoy the views of the

    Frank Herrera In Business Real Estate

    25640 W Glade Dr, 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 $2,245 per month, though prices vary by neighborhood, size, and property type. As of June 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 $89,800 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 $2,245 per month in Lake Villa, IL, renters typically need to show $6,735 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 13.9, 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
9
Median Rent
$2,245
Median Single Family Home Rent
$2,200
Median Townhouse Rent
$2,150
Median Condo Rent
$1,740
How to Rent a Home