Lily Lake is a village in Kane County, Illinois, United States.

Lily Lake was originally called "Canada Corners" (after the large number of Canadians settled there) and was located further north.

[4] Lily Lake is located in west central Kane County in the western part of Campton Township.

Neighboring villages are Campton Hills to the east and Virgil to the west.

The racial makeup of the village was 98.30% White, 0.85% African American, 0.24% Asian, and 0.61% from two or more races.