Cheap Apartments for Rent in Island Lake, IL

3 rentals

Apartments For Rent Near Island Lake, IL

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

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 May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Jun 2025$2,500
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
View as a graph

Average Rent By Bedroom and Home Type

In May 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—$2,500$2,200—$2,500
Townhomes—$2,500$2,200—$2,500
Apartments and Condos—$1,550——$1,550
Houses————$3,500
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 20% 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 $3,500 per month. This is about 81% 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 $2,500 per month. This is about 30% 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 many available rental listings are in Island Lake, IL?
    There are 4 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.