Lake Zurich, IL Rental Market Trends
Highlights
The average rent for an apartment in Lake Zurich is $1,262, a change amounting to approximately 0% compared to the previous year.
Average Rent in Lake Zurich, IL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,262 | 0% | 825 sq. ft. |
The average size for a Lake Zurich, IL apartment is 825 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 Zurich, IL Apartment Rent Ranges
- $701-$1,00028%
- $1,001-$1,50050%
- $1,501-$2,00022%
Lake Zurich, IL Occupied Housing Units
- Renter-occupied Households14%
- Owner-occupied Households85%
1,983 or 14% of the households in Lake Zurich, IL are renter-occupied while 11,715 or 85% are owner-occupied.
Lake Zurich, IL Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Lake Zurich, IL | $1,215 | $1,223 | $1,210 | $1,282 | $1,282 | $1,266 | $1,231 | $1,241 | $1,262 |
| National | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,474 |
How Lake Zurich Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $1,947 | 2% |
| Oak Park | $1,881 | 1% |
| Evanston | $1,964 | 4% |
| Plainfield | $1,542 | 2% |
| Naperville | $1,464 | 2% |
| Arlington Heights | $1,470 | 2% |
| Round Lake Town | $1,203 | 4% |
| Grayslake | $1,236 | 6% |
| Barrington | $2,215 | n/a |
| Barrington Town | $2,215 | n/a |
| Lake Zurich | $1,262 | n/a |
For more information about the Lake Zurich rental trends, check out our monthly rent report
Check out Illinois Cities, Illinois Neighborhoods and Illinois Zip Codes for more details on verified listings, including the Illinois Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!