Rentometer, Inc. | Data as of 10/22/2025
Lake Villa, a charming city in northern Illinois, offers a relaxed yet well‑connected rental landscape that appeals to both young professionals and families seeking a suburban lifestyle. The area is known for its scenic lakefront parks, convenient access to major highways, and a vibrant downtown with boutique shops, cafés, and seasonal events. Residents enjoy the close proximity to natural attractions such as the Chain O’ Lakes State Park, making outdoor recreation an integral part of daily life. These amenities, combined with a friendly community atmosphere, help define the appeal of Lake Villa’s rental market.
Rental options in Lake Villa are primarily centered around apartment living, with a variety of one‑ and two‑bedroom units that cater to diverse needs. One‑bedroom apartments typically see average rents just under $1,200, with median rates landing in the $1,200s, while two‑bedroom units trend toward an average near $1,400 and median prices in the $1,500s. This pricing structure reflects the city’s balance of affordability and quality, offering modern amenities, well‑maintained common areas, and convenient access to local schools, shopping districts, and public transportation hubs. Whether you’re drawn to the historic charm of the downtown core or the quieter residential neighborhoods, Lake Villa’s rental market provides a welcoming environment for a wide range of renters.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,179 | $1,261 | $1,002 - $1,275 | $1,002 - $1,275 |
| Apartment | 2 Bedroom | $1,369 | $1,351 | $1,200 - $1,575 | $1,200 - $1,575 |
In the current period, the average rent in Lake Villa was $1,179 for 1 Bedroom, and $1,370 for 2 Bedroom.
Data provided by Rentometer, Inc.