Rentometer, Inc. | Data as of 10/24/2025
Round Lake, Illinois, sits nestled in the heart of Lake County, offering residents a blend of suburban comfort and easy access to natural attractions. The city is bordered by the scenic Round Lake itself, providing opportunities for waterfront recreation, and is just minutes from the expansive Lake County Forest Preserve, which features trails, wildlife viewing, and seasonal events. Conveniently located near major highways and a Metra rail station, Round Lake serves as a practical gateway for commuters heading toward Chicago while maintaining a relaxed, family‑friendly atmosphere.
The local rental market reflects the city’s diverse housing stock. One‑bedroom apartments typically rent in the $1300s, with two‑bedroom units commonly found in the $1600s, making them attractive options for singles and small families. For those seeking more space, three‑bedroom houses generally command rents in the $2700s, while larger four‑plus bedroom homes trend toward the $2800‑$3300 range, offering roomy layouts for growing households. Whether renters prefer the low‑maintenance lifestyle of an apartment or the privacy of a single‑family home, Round Lake’s mix of properties accommodates a variety of needs and budgets.
Beyond housing, residents enjoy proximity to shopping centers, dining districts, and cultural venues in nearby towns such as Grayslake and Libertyville. The community’s strong school system, well‑maintained parks, and active local events contribute to a welcoming environment that appeals to professionals, families, and retirees alike. With its balanced blend of affordability, amenities, and convenient location, Round Lake remains a compelling choice for anyone looking to settle in a vibrant Midwestern city.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,321 | $1,376 | $1,100 - $1,432 | $1,363 - $1,432 |
| Apartment | 2 Bedroom | $1,642 | $1,764 | $1,244 - $1,797 | $1,738 - $1,797 |
| House | 3 Bedroom | $2,753 | $2,737 | $2,300 - $3,500 | $2,300 - $2,949 |
| House | 4+ Bedroom | $2,875 | $3,050 | $2,100 - $3,300 | $2,800 - $3,300 |
In the current period, the average rent in Round Lake was $1,321 for 1 Bedroom, $1,884 for 2 Bedroom, $2,540 for 3 Bedroom, and $2,875 for 4+ Bedroom.
Data provided by Rentometer, Inc.