Apartments for Rent in Lake Forest, IL

Prices and availability in Lake Forest, IL were last updated on 5 Aug 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 $2,250.

The price range for a 2-bedroom apartment in Lake Forest, IL is between $2,100 and $2,250.

In Lake Forest, 11% of the residents are renting compared to 89% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 13% of Lake Forest's rentals, 66% are small-scale complexes with under 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.

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.