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Newest Homes for Rent in Lake Villa, IL

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  • /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
  • /41

    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
  • /28

    $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
  • /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
  • /31

    $2,300 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,128 Sq Ft
    • House for Rent

    36288 S Nathan Hale Dr Unit N, Lake Villa, IL 60046

    Luxury lake living awaits in this completely remodeled 2-bedroom, 1-bath home offering breathtaking views of Fourth Lake and just minutes from Lake Miltmore Beach! Renovated from top to bottom with high-end finishes throughout, this home is truly move-in ready and available August 1st. Enjoy your morning coffee or evening sunsets from the enclosed front porch overlooking the lake. Inside, you'll

    Barbara Kuebler-Noote Compass

    36288 S Nathan Hale Dr Unit N, Lake Villa, IL 60046
  • /33

    $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
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    $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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    $1,250 Per Month

    • 1 Bed
    • 1 Bath
    • 650 Sq Ft
    • Apartment for Rent

    127 Cedar Ave Unit 2F, 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 new

    Jim Cacioppo Grand Realty Group, Inc.

    127 Cedar Ave Unit 2F, Lake Villa, IL 60046
  • /27

    $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
  • /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

    103 N Milwaukee Ave, Lake Villa, IL 60046
  • /17

    $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

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 $3,000 per month, though prices vary by neighborhood, size, and property type. As of July 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 $120,000 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 $3,000 per month in Lake Villa, IL, renters typically need to show $9,000 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 10.3, 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
11
Median Rent
$3,000
Median Single Family Home Rent
$2,500
Median Townhouse Rent
$2,000
Median Condo Rent
$1,250
How to Rent a Home