Houses for Rent in Round Lake, IL

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What to Know About

Life in Round Lake & Beyond

Round Lake 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

Round Lake, IL

As of June 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 43.4% ($735) higher than the Illinois average of $1,694 and 35.2% ($632) higher than the U.S. average of $1,797.

Average Rent
$2,429
Monthly ChangeMonth Over Month Change
Decreased5.7% ($146)
Yearly ChangeYear Over Year Change
Increased61.4% ($924)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,974 Decreased5.5% ($115) Increased76.9% ($858)
2 Beds $2,391 Decreased8.7% ($227) Increased66.4% ($954)
3 Beds $2,681 Decreased11.1% ($335) Increased66% ($1066)
Nearby Cities Average Rent Avg. Rent vs. Round LakeAverage Rent vs. Round Lake Avg. Days on MarketAverage Days on Market
Grayslake $1,573 Decreased35.2% ($856) 27 days
Fox Lake $1,395 Decreased42.6% ($1034) 27 days
Wauconda $1,363 Decreased43.9% ($1066) 25 days
Lake Villa $1,616 Decreased33.5% ($813) 29 days
Mundelein $2,122 Decreased12.6% ($307) 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.

The average rent in Round Lake, IL is $2,429 per month.
Houses in Round Lake typically rent for between $1,382 and $3,485 per month, with an average of $2,429 per month.
In Round Lake, the average rent for a 1-bedroom house is $1,974 per month, for a 2-bedroom house, $2,391 per month, and a 3-bedroom house is $2,681 per month.
The average rent in Round Lake is 35.2% ($632) higher than the national average of $1,797 per month.
The average rent in Round Lake has decreased by 5.7% ($146) in the last month and increased by 61.4% ($924) over the past year.
The rental market in Round Lake, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
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.
There are currently 2 rental properties available in Round Lake, IL.
Based on the current averages, a household would need an annual income of $95,640 to comfortably afford a 2-bedroom house in Round Lake.
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