What's the average rent in Lake Forest, IL?
Rental Market Trends in Lake Forest, IL
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SOURCE: TRULIA DATA
Rental market highlights
As of November 2026, the average rent in Lake Forest, IL is $3,600 per month, which is 86% higher than the national average rent of $1,932 per month.
AVERAGE RENT
$3,600
-13.3%-$550 decrease month-over-month
-5.3%-$200 decrease year-over-year
AVAILABLE RENTALS
22
APARTMENTS
HOUSES
TOWNHOUSES
As of November 2026, apartments are the most affordable rental option in Lake Forest, IL at $3,811 per month, while houses are the most expensive at $7,250 per month. Townhomes average $4,150 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $3,360 |
| 2 Bedrooms | $2,100 |
| 3 Bedrooms | $3,800 |
| 4 Bedrooms | $6,800 |
| All | $3,600 |
As of November 2026, the average rent for a 1 bedroom rental in Lake Forest, IL is $3,360 per month, followed by $2,100 for a 2 bedroom rental, $3,800 for a 3 bedroom rental, and $6,800 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $4,150 |
| 4 Bedrooms | $3,750 |
| All | $4,150 |
As of November 2026, the average rent for a 3 bedroom townhome in Lake Forest, IL is $4,150 per month, followed by $3,750 for a 4 bedroom townhome.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,650 |
| 2 Bedrooms | $2,056 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | — |
| All | $2,100 |
As of November 2026, the average rent for a 1 bedroom apartment in Lake Forest, IL is $1,650 per month, followed by $2,056 for a 2 bedroom apartment, and $2,300 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $3,800 |
| 4 Bedrooms | $7,250 |
| All | $7,250 |
As of November 2026, the average rent for a 3 bedroom house in Lake Forest, IL is $3,800 per month, followed by $7,250 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -11% compared to the previous year, which is a $455 decrease.
This year (2026)
Last year (2025)
Rent distribution
37% of rentals have rent of $3,000-$3,799/month
Rental price range
The price range for rentals is $1,950 to $25,000.
