Rentometer, Inc. | Data as of 10/24/2025
Highland Park’s rental market offers a diverse mix of apartments and single‑family homes set against the backdrop of Lake Michigan’s scenic shoreline and a vibrant downtown corridor. Prospective renters can choose from contemporary studio apartments in the city’s historic districts, spacious one‑ and two‑bedroom units in modern high‑rises, and larger three‑bedroom apartments in family‑friendly neighborhoods close to acclaimed schools and cultural venues such as the Baha'i House of Worship and the Ravinia Festival. The variety of housing options makes Highland Park an attractive destination for young professionals, growing families, and retirees seeking a balance of urban amenities and suburban charm.
Rental rates reflect the area’s premium location and quality of life. Studio apartments typically fall in the $1500s, while one‑bedroom units often range from $2000 to $2500, and larger three‑bedroom apartments can reach the $4000–$5000 bracket. For those preferring a house, two‑bedroom homes are usually around the $2500–$3000 range, three‑bedroom homes near $4000–$4500, and expansive four‑plus bedroom properties can exceed $7000. Highland Park’s well‑maintained parks, boutique shopping on Central Street, and easy access to commuter rail lines further enhance its appeal, positioning the city as a top choice for renters looking for a blend of comfort, convenience, and coastal elegance in Illinois.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,552 | $1,650 | $700 - $1,985 | $1,650 - $1,775 |
| Apartment | 1 Bedroom | $2,356 | $2,451 | $644 - $4,194 | $1,850 - $2,895 |
| Apartment | 2 Bedroom | $3,800 | $3,725 | $2,695 - $5,219 | $3,400 - $4,460 |
| Apartment | 3 Bedroom | $4,641 | $4,675 | $3,942 - $5,275 | $4,100 - $5,275 |
| House | 2 Bedroom | $2,924 | $2,500 | $2,175 - $4,200 | $2,200 - $4,200 |
| House | 3 Bedroom | $4,154 | $4,199 | $2,950 - $6,000 | $3,500 - $4,600 |
| House | 4+ Bedroom | $7,266 | $5,475 | $3,850 - $16,000 | $4,600 - $12,000 |
In the current period, the average rent in Highland Park was $1,477 for Studio, $2,328 for 1 Bedroom, $3,596 for 2 Bedroom, $4,248 for 3 Bedroom, and $5,600 for 4+ Bedroom.
Data provided by Rentometer, Inc.