Why Live in Highland Park
Highland Park, IL, located along Lake Michigan, is known for its vibrant music scene and scenic lakeside beaches. The city hosts the renowned Ravinia Festival, an outdoor music event from May to September, attracting visitors from across Chicago. Highland Park's 30,000 residents enjoy access to four public beaches, including the swim-friendly Rosewood Beach and the dog-friendly Moraine Beach. The city also boasts five golf courses and Sunset Wood Park, which features athletic courts, a playground, and a skate park. Housing in Highland Park is diverse, with styles ranging from Colonial Revivals and Tudors to contemporary condos and custom lakeside mansions. The median home price is significantly higher than state and national averages. Highland Park is safer than the national average, with both violent and property crime rates notably low. The city is served by four Metra stations on the Union Pacific North line, providing convenient access to downtown Chicago, 27 miles away. Local dining options are concentrated in downtown Highland Park and around the Ravinia Metra station. The city is part of the highly rated North Shore School District 112 and Township High School District 113. Highland Park also hosts the Port Clinton Art Festival and has major employers like Endeavor Health Highland Park Hospital.
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 $2,195 per month, though prices vary by neighborhood, size, and property type. As of July 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 $87,800 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 $2,195 per month in Highland Park, IL, renters typically need to show $6,585 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 29.4, 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.
There are currently 3 homes available for rent in Highland Park, IL. The median rent is $2,195 per month, with single-family homes renting at $3,999, townhouses at $2,325 and condos at $2,195.
Number of Homes for Rent
3
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Median Single Family Home Rent
$3,999
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Median Townhouse Rent
$2,325
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