Rent in Buffalo Grove, IL
A 2-bedroom in Buffalo Grove, IL (ZIP 60089) typically rents for about $2,437 a month, with a range of $2,023–$2,850. Owner-occupied homes in Lake County pay about 2.58% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,922 | $1,464–$2,380 | 1 |
| 1 bed | $2,057 | $1,594–$2,520 | 1 |
| 2 beds | $2,437 | $2,023–$2,850 | 1 |
| 3 beds | $3,184 | $2,698–$3,670 | 1 |
| 4 beds | $3,634 | $3,078–$4,190 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026) and Census ACS 5-year median gross rent (Dec 31, 2024).
Buffalo Grove ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Buffalo Grove, IL?
- About $2,437 a month: the median of the typical rents in 1 ZIP code, which range from $2,023–$2,850. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Buffalo Grove, IL?
- About $2,057 a month: the median of the typical rents in 1 ZIP code, which range from $1,594–$2,520. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Buffalo Grove, IL?
- About $3,184 a month: the median of the typical rents in 1 ZIP code, which range from $2,698–$3,670. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Buffalo Grove, IL?
- About $1,922 a month: the median of the typical rents in 1 ZIP code, which range from $1,464–$2,380. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Buffalo Grove, IL?
- About $3,634 a month: the median of the typical rents in 1 ZIP code, which range from $3,078–$4,190. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Buffalo Grove, IL?
- Owner-occupied homes in Lake County pay a typical 2.58% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Buffalo Grove rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and Census ACS 5-year median gross rent (Dec 31, 2024).