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Apartments for Rent in Lake Forest, IL

Showing 3 rentals in Lake Forest, then 17 more within 25 miles, nearest first.
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What to Know About

Life in Lake Forest & Beyond

Lake Forest 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 Forest, IL

As of November 2026, Lake Forest's rental market is stable, with rentals spending about 29 days on the market, about the same as in Illinois (29), and rents up 2.2% over the past year. Lake Forest's average rent is 93.1% ($2,271) higher than the Illinois average of $2,439 and 131.3% ($2,674) higher than the U.S. average of $2,036.

Average Rent
$4,710
Monthly ChangeMonth Over Month Change
Increased0.26% ($12)
Yearly ChangeYear Over Year Change
Increased2.2% ($101)
Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $3,619 Increased0.30% ($11) Increased5.0% ($173)
2 Beds $5,036 Increased0.39% ($20) Increased1.6% ($77)
3 Beds $5,973 Decreased0.02% ($1) Decreased2.1% ($130)
Nearby Cities Average Rent Avg. Rent vs. Lake ForestAverage Rent vs. Lake Forest Days on Market
Lake Bluff $2,555 Decreased45.8% ($2,155) 29 days
Highwood $2,655 Decreased43.6% ($2,055) 29 days
Deerfield $3,458 Decreased26.6% ($1,252) 28 days
Lincolnshire $3,044 Decreased35.4% ($1,666) 29 days
Vernon Hills $3,023 Decreased35.8% ($1,687) 30 days
Based on rentals advertised on RentalSource in and around Lake Forest.
Frequently Asked Questions
Lake Forest Rental Market FAQs

Explore rental prices, market conditions, and affordability in Lake Forest, IL.

The average rent in Lake Forest, IL is about $4,710 per month.
In Lake Forest, the average rent is about $3,619 per month for a 1-bedroom apartment, about $5,036 for a 2-bedroom apartment and about $5,973 for a 3-bedroom apartment.
The average rent in Lake Forest is 131.3% ($2,674) higher than the national average of $2,036 per month.
The rental market in Lake Forest, IL is currently stable, with rentals spending about 29 days on the market, about the same as in Illinois (29), and rents up 2.2% over the past year.
Based on the current averages, a household would need an annual income of about $201,400 to comfortably afford a 2-bedroom apartment in Lake Forest.
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