Buffalo Grove, Lake County, IL Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Buffalo Grove is $2,281, a 9.25% increase compared to the previous year, when the average rent was $2,088.
One-bedroom apartments provide 785 square feet for $2,003, balancing privacy and affordability.
Two-beedroom units at $2,514 offer 1,063 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,235 sq ft) for $2,527, suitable for larger households.
Average rent in Buffalo Grove, Lake County, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,281 | 949 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,003 | 785 sq. ft. |
| 2 Beds | $2,514 | 1,063 sq. ft. |
| 3 Beds | $2,527 | 1,235 sq. ft. |
Buffalo Grove, Lake County, IL rent trends
Rental prices in Buffalo Grove, Lake County, IL have increased by 9.25% over the past year. The average rent moved from $2,088 to $2,281.
What's the typical rent budget in Buffalo Grove, Lake County, IL?
The largest share of rentals in Buffalo Grove, Lake County, IL (47%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Buffalo Grove, Lake County, IL?
2,971 or 18% of the households in Buffalo Grove, Lake County, IL are renter-occupied while 13,097 or 82% are owner-occupied.
How Buffalo Grove Compares to Other Cities
| City | Average Rent |
|---|---|
| Buffalo Grove | $2,281 |
| Skokie | $2,041 |
| Naperville | $2,057 |
| Chicago | $2,461 |
| Aurora | $1,856 |
| Evanston | $2,577 |
| Oak Park | $2,176 |
| Rockford | $1,260 |
| Arlington Heights, IL | $1,968 |
| Schaumburg, IL | $1,926 |
| Wheeling, IL | $2,060 |
| Rolling Meadows, IL | $1,745 |
| Mount Prospect, IL | $1,886 |
| Palatine, IL | $1,822 |
| Highland Park, IL | $2,952 |
| Grayslake, IL | $1,499 |
| Gurnee, IL | $1,769 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Buffalo Grove apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.