Homes For Rent in Lake County, IL

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What to Know About

Life in Lake County & Beyond

Lake County 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

Lake County, IL

As of March 2025, Lake County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lake County's average rent is 15.6% ($266) higher than the Illinois average of $1,706 and 10.3% ($184) higher than the U.S. average of $1,788.

Average Rent
$1,972
Monthly ChangeMonth Over Month Change
Decreased1.4% ($29)
Yearly ChangeYear Over Year Change
Increased2.7% ($51)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,731 Decreased2.4% ($43) Increased0.2% ($4)
2 Beds $2,328 Increased0.4% ($9) Increased14.4% ($293)
3 Beds $3,299 Increased0.1% ($2) Increased28.2% ($725)
Cities within Lake County Average Rent Avg. Rent vs. LakeAverage Rent vs. Lake County Avg. Days on MarketAverage Days on Market
Waukegan $1,150 Decreased41.7% ($822) 29 days
Highland Park $2,035 Increased3.2% ($63) 27 days
Mundelein $1,902 Decreased3.5% ($70) 27 days
Gurnee $1,774 Decreased10% ($198) 30 days
Lake Bluff $1,970 Decreased0.1% ($2) 27 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lake County Rental Market FAQs

Explore rental prices, market trends, and availability in Lake County, IL.

The average rent in Lake County, IL is $1,972 per month.
Homes in Lake County typically rent for between $1,212 and $4,289 per month, with an average of $1,972 per month.
In Lake County, the average rent for a 1-bedroom home is $1,731 per month, for a 2-bedroom home, $2,328 per month, and a 3-bedroom home is $3,299 per month.
The average rent in Lake County is 10.3% ($184) higher than the national average of $1,788 per month.
The average rent in Lake County has decreased by 1.4% ($29) in the last month and increased by 2.7% ($51) over the past year.
The rental market in Lake County, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lake County, IL, the average rental stays on the market for approximately 27 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 138 rental properties available in Lake County, IL.
Based on the current averages, a household would need an annual income of $93,120 to comfortably afford a 2-bedroom home in Lake County.
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