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 stayed about the same in Apr 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
May 2025$4,100
Jun 2025$4,500
Jul 2025$4,417
Aug 2025$4,605
Sep 2025$4,000
Oct 2025$3,750
Nov 2025$4,255
Dec 2025$4,100
Jan 2026$4,100
Feb 2026$4,279
Mar 2026$4,950
Apr 2026$4,975
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$2,000$2,200$5,700$6,500$4,500
Apartments and Condos$2,000$2,100$5,500—$2,100
Houses—$3,200$3,950$6,500$4,975
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 in Lake Forest, IL?
    The average rent in Lake Forest, IL is $4,500. Rent prices range from $1,650 to as much as $12,500, depending on the type of rental.
  • How does the rent in Lake Forest, IL compare to the national average?
    Average rent in Lake Forest, IL is about 136% higher than the national average rent of $1,910. That means it is more expensive to rent in Lake Forest compared to the U.S. average.
  • What is the average rent in Lake Forest, IL, by number of bedrooms?
    The average rent in Lake Forest, IL is $1,650 for a studio, $2,000 for a 1 bedroom, $2,200 for a 2 bedroom, $5,700 for a 3 bedroom, and $6,500 for a 4 bedroom.
  • How have rent prices in Lake Forest, IL changed compared to last year?
    In the past year, the average rent price in Lake Forest, IL has increased by $400. That means the average rent is 9% higher than last year.
  • How many available rental listings are in Lake Forest, IL?
    There are 17 available rental listings in Lake Forest, IL.
  • 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.