Apartments for Rent in Island Lake, IL

Prices and availability in Island Lake, IL were last updated on 15 Jul 2026.

The best apartments in Island Lake, IL are: Cotton Creek Apartments and 4370 Shooting Star Dr, Unit 4370 Shooting Star Dr.

The price range for a 2-bedroom apartment in Island Lake, IL is between $1,320 and $2,450.

In Island Lake 17% of the housing is rented out compared to 83% of homes are owned, according to the most recent Census Bureau estimates. none of Island Lake's apartments are found in large buildings of 50 units or more, 48% are located in smaller apartment complexes with less than 50 units, and 52% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Island Lake are about 0 years old, on average. Of these, all have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Island Lake come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 77% of the total apartments in the city, while 2-bedroom floorplans represent around 23% of all rentals in Island Lake. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.