Rentometer, Inc. | Data as of 10/22/2025
Lake Forest, Illinois, offers a vibrant rental market that blends historic charm with modern convenience. Prospective tenants can choose from a variety of housing options, including well‑maintained apartments in the city’s walkable downtown corridor and spacious single‑family homes nestled near the scenic Lake Michigan shoreline. The area’s strong demand for quality rentals is reflected in competitive price points, with one‑bedroom apartments typically found in the $1,100 range, while larger three‑bedroom units command rates around $5,700‑$6,100. Families seeking more space often opt for three‑ and four‑plus bedroom houses, which are available in the $4,600‑$5,000 and $8,200‑$10,000 brackets respectively.
Lake Forest’s appeal extends beyond its housing stock. The city boasts a thriving cultural scene, anchored by the historic Market Square and the acclaimed Lake Forest College. Outdoor enthusiasts appreciate easy access to the expansive Lake Forest Preserve, the beachfront at North Point Mall, and a network of biking trails that wind through lush neighborhoods such as Old Town and the Forest Preserves District. These amenities contribute to a high quality of life that draws professionals, retirees, and students alike.
Rental seekers will also benefit from the city’s excellent transportation links, including Metra’s Union Pacific North Line and nearby highway access, making commutes to Chicago and neighboring suburbs straightforward. Whether you’re looking for a cozy apartment near boutique shops or a spacious family home with lake views, Lake Forest rentals provide a compelling mix of comfort, convenience, and community.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,091 | $1,100 | $1,025 - $1,150 | $1,025 - $1,150 |
| Apartment | 2 Bedroom | $3,876 | $4,083 | $1,199 - $5,220 | $3,919 - $4,694 |
| Apartment | 3 Bedroom | $5,739 | $6,025 | $1,725 - $8,200 | $5,720 - $7,025 |
| House | 3 Bedroom | $4,961 | $4,575 | $3,950 - $7,200 | $4,050 - $5,400 |
| House | 4+ Bedroom | $8,175 | $8,100 | $4,500 - $12,000 | $6,200 - $12,000 |
In the current period, the average rent in Lake Forest was $1,092 for 1 Bedroom, $3,931 for 2 Bedroom, $5,204 for 3 Bedroom, and $5,350 for 4+ Bedroom.
Data provided by Rentometer, Inc.