Homes for Rent in 60040

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What to Know About

Life in Highwood & Beyond

Highwood shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Highwood, IL

As of July 2025, Highwood's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Highwood's average rent is 107.5% ($1,874) higher than the Illinois average of $1,743 and 103.8% ($1,842) higher than the U.S. average of $1,775.

Average Rent
$3,617
Monthly ChangeMonth Over Month Change
Increased4.6% ($158)
Yearly ChangeYear Over Year Change
Increased83.6% ($1647)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,917 Decreased32.5% ($923) Increased10.6% ($183)
2 Beds $2,199 Decreased39.2% ($1418) Increased5% ($104)
3 Beds $4,138 Decreased1.8% ($75) Increased45% ($1285)
Nearby Cities Average Rent Avg. Rent vs. HighwoodAverage Rent vs. Highwood Avg. Days on MarketAverage Days on Market
Highland Park $2,454 Decreased32.2% ($1163) 27 days
Lake Forest $5,489 Increased51.8% ($1872) 25 days
Deerfield $3,303 Decreased8.7% ($314) 29 days
Glencoe $1,855 Decreased48.7% ($1762) 26 days
Northbrook $2,844 Decreased21.4% ($773) 29 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Highwood Rental Market FAQs

Explore rental prices, market trends, and availability in Highwood, IL.

The average rent in Highwood, IL is $3,617 per month.
Homes in Highwood typically rent for between $1,342 and $5,379 per month, with an average of $3,617 per month.
In Highwood, the average rent for a 1-bedroom home is $1,917 per month, for a 2-bedroom home, $2,199 per month, and a 3-bedroom home is $4,138 per month.
The average rent in Highwood is 103.8% ($1,842) higher than the national average of $1,775 per month.
The average rent in Highwood has increased by 4.6% ($158) in the last month and increased by 83.6% ($1,647) over the past year.
The rental market in Highwood, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Highwood, IL, the average rental stays on the market for approximately 28 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 4 rental properties available in Highwood, IL.
Based on the current averages, a household would need an annual income of $87,960 to comfortably afford a 2-bedroom home in Highwood.
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