Lake Forest, IL Rental Market Trends
The average rent for an apartment in Lake Forest is $3,152, a 1% decrease compared to the previous year, when the average rent was $3,171.
Average Rent in Lake Forest, IL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$3,152||-1%||1,238 sq. ft.|
The average size for a Lake Forest, IL apartment is 1,238 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Lake Forest, IL Occupied Housing Units
- Renter-occupied Households24%
- Owner-occupied Households75%
1,712 or 24% of the households in Lake Forest, IL are renter-occupied while 5,166 or 75% are owner-occupied.
Lake Forest, IL Rent Trends
|Nov / 2018||Mar / 2019||Jul / 2019||Mar / 2020|
How Lake Forest Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Lake Forest rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!