Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Lake Forest city, Illinois?
City · Census ACS 5-Year estimates
The median gross rent in Lake Forest city, Illinois is $1,815/month (±$180), based on Census ACS 5-Year estimates (2024). The median home value is $938,300 (±$36,426), and the median household income is $235,081/year. The unemployment rate in Lake County, Illinois was 4.5% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Lake Forest city, Illinois
| Metric | Value |
|---|---|
| Median Gross Rent | $1,815 |
| Median Home Value | $938,300 |
| Median Household Income | $235,081 |
| Total Housing Units | 6,900 |
| Renter-Occupied Units | 776 |
| Renter-Occupied Share | 11% |
| Households Paying 50%+ Income | 119 households |
| Unemployment Rate(April 2026) | 4.5% |
How does Lake Forest city, Illinois compare?
Median gross rent ranked against all cities in Illinois.
Higher rent than 94% of cities in Illinois · 68th of 1136
| # | City | Value |
|---|---|---|
| 1 | Burr Ridge village | $3,501 |
| 1 | Bull Valley village | $3,501 |
| 1 | Indian Creek village | $3,501 |
| … 64 more … | ||
| 68 | Lake Forest city(you are here) | $1,815 |
| … 1065 more … | ||
| 1134 | Royal Lakes village | $280 |
| 1135 | Elizabethtown village | $241 |
| 1136 | Colp village | $99 |
More data for Lake Forest city, Illinois
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Frequently asked questions
What is the average rent in Lake Forest city, Illinois?
The median gross rent in Lake Forest city, Illinois is $1,815/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 Forest city, Illinois?
The median rent for a 2-bedroom in Lake Forest city, Illinois is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Lake Forest city, Illinois?
The median home value in Lake Forest city, Illinois is $938,300 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Lake Forest city are rent-burdened?
In Lake Forest city, Illinois, 119 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 Forest city, Illinois?
The median household income in Lake Forest city, Illinois is $235,081/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 $1,815 has a margin of error of ±$180. In very small areas, MOEs can be large relative to the estimate.
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