Apartments for Rent in Lake Forest, IL

Prices and availability in Lake Forest, IL were last updated on 24 Jun 2026.

The best apartments in Lake Forest, IL are: Kelmscott Park Apartments and 580 North Apartments.

The average rent in Lake Forest, IL is $4,373.

The price range for a 1-bedroom apartment in Lake Forest, IL is between $2,100 and $10,000.

The price range for a 2-bedroom apartment in Lake Forest, IL is between $2,100 and $10,000.

The price range for a 3-bedroom apartment in Lake Forest, IL is between $4,796 and $10,000.

In Lake Forest 11% of the housing is rented out compared to 89% of homes are owned, according to the most recent Census Bureau estimates. 13% of Lake Forest's apartments are found in large buildings of 50 units or more, 66% are located in smaller apartment complexes with less than 50 units, and 21% are single-family rentals.

The average age of rental buildings in Lake Forest is 7 years old, with all being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Lake Forest come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 35% of the total apartments in the city, while 2-bedroom floorplans represent around 38% of all rentals in Lake Forest. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.