Cheap Apartments for Rent in Lake Forest, IL

17 rentals

Apartments For Rent Near Lake Forest, IL

We found 30 more apartments matching your filters just outside Lake Forest

Average Rent Trends in Lake Forest, IL

Rent in Lake Forest, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Oct 2025$3,750
Nov 2025$4,255
Dec 2025$4,100
Jan 2026$4,100
Feb 2026$4,288
Mar 2026$4,950
Apr 2026$4,975
May 2026$3,200
Jun 2026$5,460
Jul 2026$5,200
Aug 2026$4,999
Sep 2026$4,777
View as a graph

Average Rent By Bedroom and Home Type

In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$2,500$4,765$3,990$9,000$3,990
Townhomes——$3,990—$3,990
Apartments and Condos$2,500$2,000$2,300—$2,500
Houses——$3,750$9,000$9,000
See more information about local market trends in Lake Forest, IL

Frequently Asked Questions about Rentals in Lake Forest, IL

  • What is the average rent of an apartment in Lake Forest, IL?
    The average rent of an apartment in Lake Forest, IL is $4,119 per month. This is about 111% higher than the national average.
  • What are the cheapest months to find an apartment to rent in Lake Forest, IL?
    Last year, the cheapest month to find an apartment to rent was Oct 2025 when it was $3,750 per month.
  • How many cheap apartments are available in Lake Forest, IL?
    There are 11 apartments to rent that are cheaper than the city’s average rent of $3,990.
  • When is the average rent most expensive in Lake Forest, IL?
    In the last year, the average rent in Lake Forest, IL was highest in Jan 2025 when it was $4,950 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Lake Forest, IL?
    The average rent of a 1 bedroom apartment in Lake Forest, IL is $2,500 per month. That is about $620 less than the cost of a studio apartment.
  • What are some zip codes in Lake Forest, IL?
    Lake Forest, IL includes zip codes such as: 60045, 60037.
  • What are some cities near Lake Forest, IL?
    Some nearby cities include: Mettawa, Bannockburn, Lake Bluff, Fort Sheridan, Highwood. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Lake Forest, IL - 54 Rentas | Trulia