Updated 4 Hours Ago

1116 Lake Terrace Rd #0158
1116 Lake Terrace Rd #0158, Elgin, IL 60123, USA

Monthly rent	$1,900Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Beds	2
Baths	2
Sqft	1,251

Monthly rent	$1,900Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Beds	2
Baths	2
Sqft	1,251

Updated 4 Hours Ago

Highlights

New Construction

Fitness center
Gourmet kitchen
Walk-in closet
Stainless steel appliances
Custom cabinetry
Outdoor pool

Location

1116 Lake Terrace Rd #0158, Elgin, IL 60123, USA|Willow Lakes Estates

Tour 1116 Lake Terrace Rd #0158

Contact

Lucas Van Gilder

Willow Lake Estates

(847) 742-3620

Property Overview

A fitness center, outdoor pool, gourmet kitchen, stainless steel appliances, custom cabinetry, and a walk-in closet add appeal, while ample natural light and onsite HVAC support everyday comfort. Nearby grocery options, access to public transportation, 21 photos, and strong value per square foot round out the overall appeal.

Things you’ll love

More space
Fitness center
Images Available

Great for

Wellness

Amenities for 1116 Lake Terrace Rd #0158, Willow Lakes Estates

Apartment Amenities

Electric Heating

Walk-in Closet

Building

Fitness Center

Grounds

Swimming Pool

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

About 1116 Lake Terrace Rd #0158

Home

Apartments in Elgin

1116 Lake Terrace Rd #0158, Elgin, IL 60123, USA

Property Status: Active Welcome to Willow Lake Estates, a 55+ age-qualified, active, and vibrant community where you can find yourself in your dream home. We have a stunning, brand-new 2025 2-bedroom, 2-bathroom home for sale featuring 1,251.84 sq. ft. of beautifully designed living space. Located in Elgin, this property offers the perfect blend of modern amenities and timeless charm. Step inside to find an inviting open-concept floor plan filled with bright, natural light. The gourmet kitchen boasts custom cabinetry and stainless steel appliances, perfect for both everyday living and entertaining. The spacious primary suite offers a peaceful retreat, complete with a walk-in closet and a private en-suite bathroom. An additional bedroom provides great versatility for guests or a home office. Outside, you will enjoy a welcoming front porch and low-maintenance landscaping, ideal for unwinding. Located in the desirable Willow Lake Estates, residents enjoy access to a range of premium amenities including a lakefront clubhouse, a outdoor pool, and a fitness center. Conveniently situated near local shopping, dining, medical centers, and major highways, you'll have everything you need just minutes away. Call Lucas today for a showing. Office Phone: (847) 742-3620 Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Property highlights

How 1116 Lake Terrace Rd, Elgin, IL 60123, USA compares to other nearby properties.

Positives

More space: The 2-bedroom is 156 sqft larger than other listings nearby
Fitness center: The gym is just a few steps away
Images Available: There are at least 10 photos of this property
Pool: Enhanced community features
Walk-in closet: More closet space on average

Considerations

Priced higher than average: 2-bedrooms are $100 more than the median rent in this area
Greater distance from grade schools: The nearest elementary school is farther than 0.9 miles away
Greater distance from high schools: The nearest high school is farther than 1.8 miles away

Address details

Neighborhood	Willow Lakes Estates
Zip code	60123
Type	Apartment for rent

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Rent trends in Willow Lakes Estates

2-bedroom apartments at 1116 Lake Terrace Rd #0158 cost about 3% more than the average rent price for 2-bedroom apartments in Elgin.

Median rents as of Oct 31 2026.

Willow Lakes Estates

Elgin

A table of 2-bedroom apartment rental data trends in Elgin
Month	Median Rent
November 2024	$2,116
December 2024	$2,000
January 2025	$2,062
February 2025	$1,961
March 2025	$2,019
April 2025	$1,820
May 2025	$1,865
June 2025	$1,985
July 2025	$2,012
August 2025	$1,989
September 2025	$1,965
October 2025	$1,952
November 2025	$1,815
December 2025	$1,789
January 2026	$1,822
February 2026	$1,789
March 2026	$1,940
April 2026	$2,062
May 2026	$2,075
June 2026	$1,993
July 2026	$1,904
August 2026	$2,048
September 2026	$1,981
October 2026	$1,877

A table of 2-bedroom apartment rental data trends in Willow Lakes Estates
Month	Median Rent
June 2026	$1,875
July 2026	$1,775
August 2026	$1,790
September 2026	$1,856
October 2026	$1,850

Affordability calculator

Can I afford to live at 1116 Lake Terrace Rd #0158?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$76,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $76,000 annually to afford this 2-bedrooms monthly rent price of $1,900.

For more information on rent affordability, visit our rent calculator.

Check availability

Rent history

Check out the past listing prices for monthly rent at 1116 Lake Terrace Rd, Elgin, IL.
				Bath
	2 months ago	$1,900	2 bed	2 bath

Schools near 1116 Lake Terrace Rd #0158

Neighborhood

Willow Lakes Estates | Elgin, IL

NEIGHBORHOOD VIBE

Peaceful and quiet

Noise-canceling headphones not required in this mostly noise free area.

Getting around Elgin near 1116 Lake Terrace Rd #0158

Walking

3/10

Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

10/10

Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10

More spots are within biking distance and some roads are cyclist-friendly.

Transit

2/10

There are a few mass transit options within the area.

Points of interest for 1116 Lake Terrace Rd #0158, Elgin

Groceries

3/10

Some groceries within a short drive

Shopping

3/10

Some shops within a short drive

Cafes

2/10

Few or no cafés within a short drive

Restaurants

3/10

Some restaurants within a short drive

Primary schools

10/10

At least one elementary school within a 5-minute walk

High schools

10/10

At least one high school within a 5-minute walk

Parks

6/10

Large amount of park space nearby

Nightlife

2/10

Few or no bars within a short drive

Explore the area around 1116 Lake Terrace Rd #0158

Fox Valley Farmers Market

840 N State St

Armando's Supermarket

925 N Liberty St

Lina's Filipino Marketplace

10 Tyler Creek Plz

Elgin Fresh Market

822 Summit St

ALDI

799 Summit St

Other units at this address

1116 Lake Terrace Rd, Elgin, IL

1116 Lake Terrace Rd Elgin, IL

Occupied

2 Beds, 2 Baths

2 Beds

2 Baths

1,251 sqft

$1,900

Dishwasher

Listed by Cindy Petros

Days on market: 48

55+ age qualified community. Discover a hidden gem of Elgin, IL at Willow Lake Estates. This 55+ age-qualified community is quietly tucked away from the hustle and bustle of the big city. Bordered by the Fox River, you are greeted with mature tree lines and natural landscaping right outside your doorway. Access the Fox River Trail, just across the river, and take a stroll through history on the nicely paved walking and biking trails that were once fully functioning railroad tracks. Nearby the pedestrian bridge, there are nesting areas for birds and a commonplace to spot eagles. The pathway spans 61 miles, making it the perfect place for a quick stroll or an extended-day adventure for active adults. Even transportation is made simple with bus access and quick two-minute commute to the interstate. There are many opportunities nearby for entertainment, relaxation or simply making everyday trips to the grocery or doctor's office. Find a diverse selection of restaurants as well as arts and entertainment, too. As a resident of the community, you can enjoy the benefits of living a maintenance-free lifestyle. Your site rent includes regular grass cutting, snow removal, use of our private stocked lake, community clubhouse with fitness center, library, and heated outdoor swimming pool. community beach with access by bridge to scenic island, laundry facility. Discover the place where comfort and convenience"Click here to view a virtual tour. Welcome to Willow Lake Estates, a 55+ age-qualified, active, and vibrant community where you can find yourself in your dream home. We have a stunning, brand-new 2025 2-bedroom, 2-bathroom home for sale featuring 1,251.84 sq. ft. of beautifully designed living space. Located in Elgin, this property offers the perfect blend of modern amenities and timeless charm. Step inside to find an inviting open-concept floor plan filled with bright, natural light. The gourmet kitchen boasts custom cabinetry and stainless steel appliances, perfect for both everyday living and entertaining. The spacious primary suite offers a peaceful retreat, complete with a walk-in closet and a private en-suite bathroom. An additional bedroom provides great versatility for guests or a home office. Outside, you will enjoy a welcoming front porch and low-maintenance landscaping, ideal for unwinding. Located in the desirable Willow Lake Estates, residents enjoy access to a range of premium amenities including a lakefront clubhouse, a outdoor pool, and a fitness center. Conveniently situated near local shopping, dining, medical centers, and major highways, you'll have everything you need just minutes away. Call Lucas today for a showing.