Cheap Apartments for Rent in Lake Forest, IL
17 rentals
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- $6,049 - $6,059/mo3 Beds3 BathsKelmscott Park Apartments | 145 Morris Ln #C201,
Lake Forest, IL 60045 Save Search in Lake Forest, IL
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Apartments For Rent Near Lake Forest, IL
We found 30 more apartments matching your filters just outside Lake Forest
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- PET FRIENDLY$1,844 - $2,069/mo1-2 Beds1-2 BathsForest Pointe Apartments | 29533 N Waukegan Rd #5212,
Lake Bluff, IL 60044 - PET FRIENDLY
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- $2,019 - $3,399/mo1-2 Beds1-2 BathsHIGHPOINT Highwood Station 546 | 546 Green Bay Rd #203,
Highwood, IL 60040 - $2,248 - $3,361/mo1-2 Beds1-2 BathsHIGHPOINT Highwood Station 440 | 440 Green Bay Rd #502,
Highwood, IL 60040
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.
| Month | Average 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 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| 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 |
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?
- 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.