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

Round Lake, IL

As of January 2026, Round Lake's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Round Lake's average rent is 56.6% ($980) higher than the Illinois average of $1,730 and 54.1% ($951) higher than the U.S. average of $1,759.

Average Rent

$2,710

Monthly ChangeMonth Over Month Change

4% ($103)

Yearly ChangeYear Over Year Change

80.1% ($1205)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$2,402	11.7% ($251)	115.2% ($1286)
2 Beds	$2,836	6.6% ($176)	97.4% ($1399)
3 Beds	$3,266	11% ($324)	102.2% ($1651)

Nearby Cities	Average Rent	Avg. Rent vs. Round LakeAverage Rent vs. Round Lake	Avg. Days on MarketAverage Days on Market
Grayslake	$1,542	43.1% ($1168)	27 days
Fox Lake	$1,402	48.3% ($1308)	27 days
Wauconda	$1,548	42.9% ($1162)	25 days
Lake Villa	$1,509	44.3% ($1201)	29 days
Mundelein	$2,141	21% ($569)	27 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Round Lake Rental Market FAQs

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

What is the average rent in Round Lake, IL?

The average rent in Round Lake, IL is $2,710 per month.

What is the rental price range for homes in Round Lake, IL?

Homes in Round Lake typically rent for between $1,681 and $4,246 per month, with an average of $2,710 per month.

What is the average rent for different bedroom sizes in Round Lake, IL?

In Round Lake, the average rent for a 1-bedroom home is $2,402 per month, for a 2-bedroom home, $2,836 per month, and a 3-bedroom home is $3,266 per month.

How do rent prices in Round Lake, IL compare with the national average?

The average rent in Round Lake is 54.1% ($951) higher than the national average of $1,759 per month.

How have rent prices in Round Lake, IL changed recently?

The average rent in Round Lake has increased by 4.0% ($103) in the last month and increased by 80.1% ($1,205) over the past year.

How competitive is the rental market in Round Lake, IL?

The rental market in Round Lake, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Round Lake, IL?

In Round Lake, 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.

Can I afford to rent a home in Round Lake, IL?

Based on the current averages, a household would need an annual income of $113,440 to comfortably afford a 2-bedroom home in Round Lake.