Cheap Apartments for Rent 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

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 increased in Jun 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
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
May 2026$3,200
Jun 2026$5,500
View as a graph

Average Rent By Bedroom and Home Type

In June 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$1,950$2,100$3,600$4,975$4,891
Townhomes——$4,500—$4,500
Apartments and Condos$1,950$2,100$3,600—$3,400
Houses——$3,850$4,975$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 of an apartment in Lake Forest, IL?
    The average rent of an apartment in Lake Forest, IL is $4,145 per month. This is about 112% higher than the national average.
  • What is the average rent of a house in Lake Forest, IL?
    The average rent of a house in Lake Forest, IL is $4,975 per month. This is about 155% higher than the national average.
  • What is the average rent of a townhome in Lake Forest, IL?
    The average rent of a townhome in Lake Forest, IL is $4,500 per month. This is about 131% higher than the national average.
  • When is the average rent cheapest in Lake Forest, IL?
    In the last year, the average rent in Lake Forest, IL was lowest in Oct 2025 when it was $3,750 per month.
  • 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 many available rental listings are in Lake Forest, IL?
    There are 9 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.