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Newest Homes for Rent in Lake Villa, IL

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

    (224) 243-3969

    149 N Milwaukee Ave, Lake Villa, IL 60046
  • 712 Waters Edge Dr, Lake Villa, IL 60046
    712 Waters Edge Dr, Lake Villa, IL 60046
    712 Waters Edge Dr, Lake Villa, IL 60046
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    Starting at $1,490 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

    (224) 701-3264

    712 Waters Edge Dr, Lake Villa, IL 60046
  • 1213 Tyler Ct, Lake Villa, IL 60046
    1213 Tyler Ct, Lake Villa, IL 60046
    1213 Tyler Ct, Lake Villa, IL 60046
    /20

    $2,300 Per Month

    • 2 Beds
    • 4 Baths
    • 1,638 Sq Ft
    • Townhouse for Rent

    1213 Tyler Ct, Lake Villa, IL 60046

    Welcome home to this beautifully maintained property tucked away on a quiet cul-de-sac. Featuring stunning wood flooring throughout both the first and second floors and impressive high vaulted ceilings, this home offers an open, airy feel filled with natural light. The second level includes two generously sized bedrooms, including a spacious primary suite complete with a large walk-in closet and

    Marisol Ramirez Berkshire Hathaway HomeServices Starck Real Estate

    1213 Tyler Ct, Lake Villa, IL 60046
  • 103 N Milwaukee Ave, Lake Villa, IL 60046
    103 N Milwaukee Ave, Lake Villa, IL 60046
    103 N Milwaukee Ave, Lake Villa, IL 60046
    /14

    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

    (224) 701-4011

    103 N Milwaukee Ave, Lake Villa, IL 60046
  • 25640 W Glade Dr, Lake Villa, IL 60046
    25640 W Glade Dr, Lake Villa, IL 60046
    25640 W Glade Dr, Lake Villa, IL 60046
    /17

    $2,900 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
Illinois Lake County Lake Villa

Newest Homes for Rent in Lake Villa, IL

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 $2,300 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option while townhouses 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 $92,000 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 $2,300 per month in Lake Villa, IL, renters typically need to show $6,900 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 13.7, 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 in Lake Villa, IL

There are currently 5 homes available for rent in Lake Villa, IL. The median rent is $2,300 per month, with single-family homes renting at $2,100 and townhouses at $2,150.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$2,300
Median Single Family Home Rent
$2,100
Median Townhouse Rent
$2,150
How to Rent a Home

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