Apartments for Rent in Lake Forest, IL

Prices and availability in Lake Forest, IL were last updated on 28 Oct 2026.

The best apartments in Lake Forest, IL are: Kelmscott Park Apartments, 580 North Apartments, 238 E Wisconsin Ave and 335 Scott Street, Unit 335.

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 $9,840.

The price range for a 2-bedroom apartment in Lake Forest, IL is between $2,100 and $9,064.

The price range for a 3-bedroom apartment in Lake Forest, IL is between $2,300 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 age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lake Forest are about 7 years old, on average. Of these, all have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Lake Forest are around 0% of rentals, while 1-bedroom floor plans represent 35% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 38% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.