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Round Lake, IL Condos for Rent

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  • 124 W Washington St Unit 114, Round Lake, IL 60073
    124 W Washington St Unit 114, Round Lake, IL 60073
    124 W Washington St Unit 114, Round Lake, IL 60073
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    $1,325 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    124 W Washington St Unit 114, Round Lake, IL 60073

    Spacious 2 bedroom 1 bathroom apartment in Round Lake! Laminate flooring throughout... You'll love the open concept kitchen which features stove & fridge. Both bedrooms are great for queen size beds. Free parking for 1-2 cars. Heat & Water Included, Tenant Pays Electricity. 650+ credit per applicant, income 3x monthly rent (combined).Coin Laundry in Building. NO move in fee or security

    124 W Washington St Unit 114, Round Lake, IL 60073
  • 126 W Washington St Unit 223, Round Lake, IL 60073
    126 W Washington St Unit 223, Round Lake, IL 60073
    126 W Washington St Unit 223, Round Lake, IL 60073
    /14

    $1,350 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    126 W Washington St Unit 223, Round Lake, IL 60073

    Check out this spacious 2 bedroom 1 bathroom apartment in Round Lake! Laminate flooring throughout... You'll love the open concept kitchen which features stove & fridge. Both bedrooms are great for queen size beds. Free parking for 1-2 cars. Heat & Water Included, Tenant Pays Electricity. 650+ credit per applicant, income 3x monthly rent (combined).Coin Laundry in Building. Landlord pays

    126 W Washington St Unit 223, Round Lake, IL 60073
  • 542 N Carol Ln Unit 3C, Round Lake, IL 60073
    542 N Carol Ln Unit 3C, Round Lake, IL 60073
    542 N Carol Ln Unit 3C, Round Lake, IL 60073
    /9

    $1,400 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    542 N Carol Ln Unit 3C, Round Lake, IL 60073

    Bright and spacious 2-bedroom, 1-bathroom apartment with generous living space! The unit features a large eat-in kitchen complete to make your own space. The queen-sized bedroom offers plenty of room for comfort. Enjoy the perks of free parking and water included in the rent. Tenant covers electricity (including electric heat and stove). A one-time 500 hundred dollar move-in fee applies. Laundry

    542 N Carol Ln Unit 3C, Round Lake, IL 60073
Illinois Lake County

Condos for Rent in Round Lake, IL

Frequently Asked Questions

How much does it cost to rent a condo in Round Lake, IL?
The median rent for a condo in Round Lake, IL is $2,175 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 Round Lake, IL?
To comfortably afford the median rent in Round Lake, IL, a household needs to earn roughly $91,000 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 $2,275 per month in Round Lake, IL, renters typically need to show $6,825 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 Round Lake, IL?
In Round Lake, IL, the price-to-rent ratio is 11.8, 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.

Condo Rental Trends in Round Lake, IL

There are currently 3 condos available for rent in Round Lake, IL. The median rent is $2,175 per month, with 1-bedroom condos renting at $1,425, 2-bedroom condos at $1,975 and 3-bedroom condos at $2,350.

Rental Home Trends

Number of Condos for Rent
3
Median Condo Rent
$2,175
Median 1 Bedroom Condo Rent
$1,425
Median 2 Bedroom Condo Rent
$1,975
Median 3 Bedroom Condo Rent
$2,350
How to Rent a Home

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