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Newest Homes for Rent in Lake Villa, IL

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  • /36

    Starting at $1,525 Per Month

    • 1 Bed

    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
  • /7

    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
  • /9

    Starting at $1,350 Per Month

    • 1 - 3 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
  • /14

    $2,675 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. Enjoy outdoor

    298 N Crooked Lake Ln, Lindenhurst, IL 60046
  • /11

    $2,500 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,150 Sq Ft
    • House for Rent

    37055 N Capillo Ave, Lake Villa, IL 60046

    Nicely Updated and Move-In Ready 3-Bedroom Single-Family Rental with Lake Rights. Welcome home to this nicely updated and move-in ready 3-bedroom, 11/2-bath single-family home situated on an oversized lot with a huge, private backyard. The main level features a bright and inviting family room and a large updated kitchen filled with natural light. The kitchen offers newer appliances, abundant

    John Worklan Baird & Warner

    37055 N Capillo Ave, Lake Villa, IL 60046
  • /24

    $3,250 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
  • /13

    $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
  • /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
  • /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

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 $3,250 per month, though prices vary by neighborhood, size, and property type. As of September 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 $130,000 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 $3,250 per month in Lake Villa, IL, renters typically need to show $9,750 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 9.4, 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
$3,250
Median Single Family Home Rent
$2,300
Median Townhouse Rent
$2,000
Median Condo Rent
$1,250
How to Rent a Home