$4,100 Per Month
- 3 Beds
- 2 Baths
- 1,886 Sq Ft
- Apartment for Rent
1655 Lake Cook Rd Unit 343, Highland Park, IL 60035
1655 Lake Cook Rd Unit 343, Highland Park, IL 60035
Frequently Asked Questions
How much does it cost to rent a home in Highland Park, IL?
The median rent for a home in Highland Park, IL is $2,095 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Highland Park, IL?
To comfortably afford the median rent in Highland Park, IL, a household needs to earn roughly $83,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,095 per month in Highland Park, IL, renters typically need to show $6,285 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Highland Park, IL?
In Highland Park, IL, the price-to-rent ratio is 31.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Highland Park, IL are best for renting a home?
The best neighborhood for renting in Highland Park, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include East Highland Park, West Highland Park, Northeast Buffalo Grove and The Glen, each with its own character and price range.
