Apartments for Rent in Lake Villa, IL

Prices and availability in Lake Villa, IL were last updated on 22 Oct 2026.

The best apartment in Lake Villa, IL is: The Sanctuary of Lake Villa.

The average rent in Lake Villa, IL is $1,512.

The price range for a 2-bedroom apartment in Lake Villa, IL is between $1,995 and $2,125.

In Lake Villa, 26% of the residents are renting compared to 74% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 21% of Lake Villa's rentals, 66% are small-scale complexes with under 50 units, and 11% 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 Lake Villa are about 37 years old, on average. Of these, 29% 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 4 stories. About 81% of the rental communities here are low-rise, garden-style communities, 19% 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 Lake Villa 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 37% of the total apartments in the city, while 2-bedroom floorplans represent around 62% of all rentals in Lake Villa. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.