Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Lake County, Illinois?
County · Census ACS 5-Year estimates
The median gross rent in Lake County, Illinois is $1,477/month (±$29), based on Census ACS 5-Year estimates (2024). The median home value is $345,700 (±$3,502), and the median household income is $110,416/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Lake County, Illinois and Neighbouring Counties
Housing Metrics for Lake County, Illinois
| Metric | Value |
|---|---|
| Median Gross Rent | $1,477 |
| Median Home Value | $345,700 |
| Median Household Income | $110,416 |
| Total Housing Units | 258,455 |
| Renter-Occupied Units | 65,052 |
| Renter-Occupied Share | 25% |
| Households Paying 50%+ Income | 14,763 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $1,121 | +10.6% |
| 1 BR | $1,186 | +37.9% |
| 2 BR | $1,457 | +7.8% |
| 3 BR | $1,797 | +10.8% |
| 4 BR | $2,143 | -13.9% |
| 5+ BR | $1,926 | +8.0% |
How does Lake County, Illinois compare?
Median gross rent ranked against all counties in Illinois.
Higher rent than 98% of counties in Illinois · 3rd of 102
| # | County | Value |
|---|---|---|
| 1 | Kendall County | $1,781 |
| 2 | DuPage County | $1,688 |
| 3 | Lake County(you are here) | $1,477 |
| … 96 more … | ||
| 100 | Gallatin County | $541 |
| 101 | Pope County | $449 |
| 102 | Hardin County | $379 |
More data for Lake County, Illinois
Nearby counties
Browse by State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Frequently asked questions
What is the average rent in Lake County, Illinois?
The median gross rent in Lake County, Illinois is $1,477/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Lake County, Illinois?
The median rent for a 2-bedroom in Lake County, Illinois is $1,457/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$33. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Lake County, Illinois?
The median home value in Lake County, Illinois is $345,700 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Lake County are rent-burdened?
In Lake County, Illinois, 14,763 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Lake County, Illinois?
The median household income in Lake County, Illinois is $110,416/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,477 has a margin of error of ±$29. In very small areas, MOEs can be large relative to the estimate.
Managing rental properties?
Tenanture helps property managers reply to every inbound lead, qualify applicants against your rules, and handle tenant inquiries automatically.
Get started free