Apartments For Rent in Island Lake, IL

5 rentals

Apartments For Rent Near Island Lake, IL

We found 30 more apartments matching your filters just outside Island Lake

What Locals Say about Island Lake

  • Jessica Ruhl
    "Just depends where you work. Most major stores are about 20 minutes from here. Traffic is typically light. "
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  • Lisa Keene
    "People tend to walk dogs off leash, and not pick up after them so much so people put up signs in their lawns"
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  • Dawn T.
    "It’s a clean family friendly community. I love living here. The neighborhoods are friendly and neighbors are always willing to lend a helping hand. The village office ladies are wonderful!!! The officers stop to talk to kids, the parks are fun and engaging for all levels (even some of us grownups get up there with the kids!). "
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  • Rebecca C.
    "concerts in the park, village hall events, corn fest, farmers markets, cook outside, parades, bonfires, etc"
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  • Julioslatincafe
    "Many neighbors have dogs and we all know them by name. They are welcome in each other’s yard. Often times the dogs interact and play together. "
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  • Corey
    "Not a lot of sidewalks, have to walk on main streets, public swimming areas do not allow dogs, no dog designated parks"
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  • Dawn
    "Quiet neighborhood, friendly people everywhere. Me and my grandson meet new people at the park and have been able to have reciprocal play dates. Low crime rate!!! Excellent first responders!! They are quick!! It’s wonderful to know that when my grandson goes out to play with his new friends that he is safe in the back yard. This is a great place for that perfect small town feeling that I had growing up. "
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  • Jen B.
    "I love it here. I wish I could afford to buy a home here. Can’t afford Illinois. Great town and good people."
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  • T. G.
    "great neighborhood, friendly people, great schools, lots of parks. Lots of nature as well. great place to live."
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  • Lisa K.
    "We hv no access to transportation and the commute to downtown is anywhere from 55 min to 3 hours. not sure what else u want. "
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  • Paul S.
    "Beware of the people around where you are and if you are near troubled neighborhood. Like behind Culvers "
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  • Smf779
    "Being by the water is what makes this area unique. yes there are many nearby towns with water but there are boat toars, ice fishing, many small beaches to go to and they even shave the ice in winter for ice skating! it's an awesome neighborhood and the people are great. "
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  • Jennifer M.
    "Great friendly neighborhood. People are happy to help each other out. "
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  • Elizabeth W.
    "Island Lake is a quiet bedroom community with great local pride. There's the Cornfest, Venetian Night, Lakefest, Carnivals, Fall Fesitval, Spring Craft Show, Concerts in the Park and many more activities. There are excellent restaurants in Island Lake and a great local grocery store. "
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Average Rent Trends in Island Lake, IL

Rent in Island Lake, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Jun 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Jul 2025$2,300
Aug 2025$2,500
Sep 2025$2,000
Oct 2025$2,450
Nov 2025$1,850
Dec 2025$2,200
Jan 2026$2,000
Feb 2026$1,995
Mar 2026$2,095
Apr 2026$2,500
May 2026$2,500
Jun 2026$2,500
View as a graph

Average Rent By Bedroom and Home Type

In June 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,550$2,250$2,450—$2,450
Townhomes—$2,250——$2,250
Apartments and Condos$1,550———$1,550
Houses——$2,450—$2,450
See more information about local market trends in Island Lake, IL

Frequently Asked Questions about Rentals in Island Lake, IL

  • What is the average rent of an apartment in Island Lake, IL?
    The average rent of an apartment in Island Lake, IL is $1,550 per month. This is about 21% lower than the national average.
  • What is the average rent of a house in Island Lake, IL?
    The average rent of a house in Island Lake, IL is $2,450 per month. This is about 26% higher than the national average.
  • What is the average rent of a townhome in Island Lake, IL?
    The average rent of a townhome in Island Lake, IL is $2,250 per month. This is about 15% higher than the national average.
  • When is the average rent cheapest in Island Lake, IL?
    In the last year, the average rent in Island Lake, IL was lowest in Nov 2025 when it was $1,850 per month.
  • When is the average rent most expensive in Island Lake, IL?
    In the last year, the average rent in Island Lake, IL was highest in Jan 2025 when it was $2,807 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Island Lake, IL?
    The average rent of a 1 bedroom apartment in Island Lake, IL is $1,550 per month. That is about $0 more than the cost of a studio apartment.
  • How many available rental listings are in Island Lake, IL?
    There are 5 available rental listings in Island Lake, IL.
  • What are some zip codes in Island Lake, IL?
    Island Lake, IL includes zip codes such as: 60042.
  • What are some cities near Island Lake, IL?
    Some nearby cities include: Holiday Hills, Port Barrington, Oakwood Hills, Wauconda, Tower Lakes. These cities may have more rental options to explore.