Apartments for Rent in Lake Forest, IL

Prices and availability in Lake Forest, IL were last updated on 16 Sep 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 $9,429.

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 $3,647 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.

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.