Rent in Lake Forest, IL
A 2-bedroom in Lake Forest, IL (ZIP 60045) typically rents for about $2,323 a month, with a range of $1,685–$2,960. 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 | $2,470 | $1,678–$2,470 | 1 |
| 1 bed | $2,130 | $1,639–$2,620 | 1 |
| 2 beds | $2,323 | $1,685–$2,960 | 1 |
| 3 beds | $3,610 | $3,410–$3,810 | 1 |
| 4 beds | $3,925 | $3,500–$4,350 | 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), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Lake Forest ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Lake Forest, IL?
- About $2,323 a month: the median of the typical rents in 1 ZIP code, which range from $1,685–$2,960. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Lake Forest, IL?
- About $2,130 a month: the median of the typical rents in 1 ZIP code, which range from $1,639–$2,620. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Lake Forest, IL?
- About $3,610 a month: the median of the typical rents in 1 ZIP code, which range from $3,410–$3,810. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Lake Forest, IL?
- About $2,470 a month: the median of the typical rents in 1 ZIP code, which range from $1,678–$2,470. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Lake Forest, IL?
- About $3,925 a month: the median of the typical rents in 1 ZIP code, which range from $3,500–$4,350. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Lake Forest, 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 Lake Forest rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).