1

Lake Bluff, IL Condo for Rent

Section Image
  • 504 Basil Rd Unit F, Lake Bluff, IL 60044
    504 Basil Rd Unit F, Lake Bluff, IL 60044
    504 Basil Rd Unit F, Lake Bluff, IL 60044
    /8

    $1,895 Per Month

    • 2 Beds
    • 1 Bath
    • 950 Sq Ft
    • Updated 2 Bed in Lake Bluff | Parking Included | Pet Friendly | Top Schools

    504 Basil Rd Unit F, Lake Bluff, IL 60044

    Recently remodeled 2-bedroom apartment available at 504 Basil in Lake Bluff. This bright and updated unit features modern finishes, a spacious layout, and great natural light throughout. Enjoy the convenience of included parking and a pet-friendly community.Located in a highly desirable area with top-rated Lake Bluff and Lake Forest schools, plus easy access to local shops, parks, and the

    504 Basil Rd Unit F, Lake Bluff, IL 60044
Illinois Lake County

Condos for Rent in Lake Bluff, IL

Frequently Asked Questions

How much does it cost to rent a condo in Lake Bluff, IL?
The median rent for a condo in Lake Bluff, IL is $2,000 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 Lake Bluff, IL?
To comfortably afford the median rent in Lake Bluff, IL, a household needs to earn roughly $118,000 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 $2,950 per month in Lake Bluff, IL, renters typically need to show $8,850 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 Lake Bluff, IL?
In Lake Bluff, IL, the price-to-rent ratio is 21.6, 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.

Condo Rental Trends in Lake Bluff, IL

There are currently 1 condos available for rent in Lake Bluff, IL. The median rent is $2,000 per month, with 1-bedroom condos renting at $1,725, 2-bedroom condos at $2,000 and 3-bedroom condos at $2,875.

Rental Home Trends

Number of Condos for Rent
1
Median Condo Rent
$2,000
Median 1 Bedroom Condo Rent
$1,725
Median 2 Bedroom Condo Rent
$2,000
Median 3 Bedroom Condo Rent
$2,875
How to Rent a Home

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group