Apartments for Rent in Lake Forest, IL

Prices and availability in Lake Forest, IL were last updated on 15 May 2026.

The best apartments in Lake Forest, IL are: 580 North Apartments, Kelmscott Park Apartments and 1981 West Southmeadow Lane.

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

The price range for a 1-bedroom apartment in Lake Forest, IL is between $1,300 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 $6,191 and $10,000.

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 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.