Rentometer, Inc. | Data as of 10/23/2025
Lake County, Illinois, offers a vibrant rental market that blends suburban tranquility with easy access to the bustling Chicago metropolitan area. Prospective renters will find a diverse array of housing options, from modern studio apartments to spacious family homes nestled near the county’s scenic lakes and parks. Neighborhoods such as Lake Forest, Libertyville, and Waukegan provide a mix of historic charm and contemporary amenities, making them especially appealing for professionals, students, and families alike. The proximity to Lake Michigan, enchanting shoreline trails, and cultural attractions like the Lake County Courthouse and Baha'i House of Worship adds a unique lifestyle dimension that many renters value.
Apartment seekers can choose from a range of configurations, with studio units averaging in the $1500s and larger three‑ and four‑plus bedroom apartments reaching the $3000‑$3500 range, reflecting the county’s high demand for quality multifamily living. For those preferring single‑family homes, one‑bedroom houses start around the $1500 mark, while larger four‑plus bedroom homes command prices in the $3500‑$4000 bracket. These figures illustrate a well‑balanced market that accommodates a variety of budgets while maintaining competitive rental rates. Whether you’re looking for a compact urban loft near downtown Lake Forest or a sprawling suburban home near the picturesque Chain O’ Lakes, Lake County’s rental landscape provides ample choices backed by strong local schools, excellent transportation links, and a welcoming community atmosphere.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,545 | $1,650 | $975 - $2,082 | $1,195 - $1,795 |
| Apartment | 1 Bedroom | $1,725 | $1,760 | $644 - $3,368 | $1,300 - $2,079 |
| Apartment | 2 Bedroom | $2,278 | $2,085 | $425 - $5,219 | $1,639 - $2,650 |
| Apartment | 3 Bedroom | $3,388 | $3,284 | $1,257 - $8,200 | $2,252 - $3,800 |
| Apartment | 4+ Bedroom | $3,531 | $3,700 | $2,500 - $4,224 | $3,550 - $4,224 |
| House | 1 Bedroom | $1,708 | $1,625 | $1,300 - $2,200 | $1,300 - $2,200 |
| House | 2 Bedroom | $2,140 | $2,100 | $800 - $4,800 | $1,800 - $2,300 |
| House | 3 Bedroom | $3,024 | $2,800 | $1,350 - $8,200 | $2,300 - $3,300 |
| House | 4+ Bedroom | $4,148 | $3,525 | $1,825 - $16,000 | $2,850 - $4,600 |
In the current period, the average rent in Lake was $1,518 for Studio, $1,725 for 1 Bedroom, $2,241 for 2 Bedroom, $3,084 for 3 Bedroom, and $3,684 for 4+ Bedroom.
Data provided by Rentometer, Inc.