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Newest Homes for Rent in Lake Forest, IL

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  • /8

    $4,250 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,550 Sq Ft
    • Apartment for Rent

    36 Washington Rd Unit 1, Lake Forest, IL 60045

    Stylish and Spacious Townhome in the Heart of Lake Forest! Welcome to 36 E Washington Avenue, a beautifully updated 3-bedroom, 2.1-bath townhome offering the perfect blend of modern comfort and classic charm in an unbeatable location. Featuring hardwood floors throughout, this home boasts a bright and open first floor with a combined living and dining area, a cozy den, and a spacious kitchen

    Kim Shortsle Jameson Sotheby's International Realty

    36 Washington Rd Unit 1, Lake Forest, IL 60045
  • /24

    $3,950 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,534 Sq Ft
    • House for Rent

    745 Greenview Place, Lake Forest, IL 60045

    Charming red brick Georgian in the sought-after Northmoor neighborhood. This two-story home offers 3 bedrooms, 1.5 bathrooms, and 1,534 square feet of comfortable living space. The living room features a cozy fireplace, and the kitchen offers ample cabinetry for everyday use. A large unfinished basement provides flexible space and includes an LG washer and dryer. Enjoy a spacious yard with mature

    Kian Nikanjam RE/MAX American Dream

    745 Greenview Place, Lake Forest, IL 60045
  • /16

    $7,995 Per Month

    • 4 Beds
    • 3 Baths
    • 5,000 Sq Ft
    • House for Rent

    1551 Edgewood Rd, Lake Forest, IL 60045

    Absolutely stunning East Lake Forest home located in stellar location offering 4 bedrooms and 3 bathrooms, with over 5000 square feet of living space. Stunning kitchen with white, solid wood custom cabinetry, blended with granite countertops, island with breakfast car, custom backsplash and stainless steel appliances (with double oven). Huge living room with wood coffered ceilings, fireplace and

    Sohail Salahuddin eXp Realty

    1551 Edgewood Rd, Lake Forest, IL 60045
  • /37

    $6,500 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,720 Sq Ft
    • House for Rent

    1040 Forest Hill Rd, Lake Forest, IL 60045

    Welcome to this stunning 2-story, 4-bedroom, 2.5-bathroom home nestled in the desirable Whispering Oaks community. Ideally located near parks, top-rated schools, shopping, and the train station, this home offers both convenience and charm. As you enter, the inviting foyer showcases a beautiful wrapped staircase, leading to formal living and dining rooms, perfect for entertaining. The open-concept

    Sohail Salahuddin eXp Realty

    1040 Forest Hill Rd, Lake Forest, IL 60045
  • /73

    $39,900 Per Month

    • 7 Beds
    • 15 Baths
    • 15,000 Sq Ft
    • House for Rent

    255 N Green Bay Rd, Lake Forest, IL 60045

    Exclusive Adler estate on 5.4 acres! Walk to town from Suffield House, one of renowned architect David Adler's most beautiful and important country homes, and certainly one of the most desirable homes along Chicago's North Shore. Built in 1934 for Mrs. Lolita Armour, nothing was spared in creating this 15,000 sq ft neo-classical French chateau. This 5.4-acre private property is in the heart of

    Mona Hellinga @properties Christie's International Real Estate

    255 N Green Bay Rd, Lake Forest, IL 60045
  • /51

    $20,000 Per Month

    • 6 Beds
    • 8 Baths
    • 10,342 Sq Ft
    • House for Rent

    1161 Gavin Ct, Lake Forest, IL 60045

    Experience luxury living in this exceptional estate located on nearly two private acres in one of Lake Forest's most desirable enclaves. This expansive residence offers over 10,000 square feet of beautifully designed living space, combining privacy, elegance, and functionality. The home features a spacious chef's kitchen with a large island, custom cabinetry, and high-end finishes, seamlessly

    Agent Photo

    Zoran Milovanovic

    Keller Williams ONEChicago

    (224) 313-0063

    1161 Gavin Ct, Lake Forest, IL 60045
  • /36

    $10,000 Per Month

    • 4 Beds
    • 3.5 Baths
    • 4,038 Sq Ft
    • House for Rent

    931 Coventry Dr, Lake Forest, IL 60045

    This captivating home effortlessly combines elegance and comfort, offering spacious rooms designed for both relaxation and entertaining. Soaring ceilings create an open, airy feel, while the gourmet kitchen-complete with granite countertops, a breakfast bar, and a cozy dining nook-provides the perfect setting for meals with loved ones. The inviting family room features a stunning fireplace and

    Houda Chedid Compass

    931 Coventry Dr, Lake Forest, IL 60045

Frequently Asked Questions

How much does it cost to rent a home in Lake Forest, IL?
The median rent for a home in Lake Forest, IL is $7,995 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Lake Forest, IL?
To comfortably afford the median rent in Lake Forest, IL, a household needs to earn roughly $319,800 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 $7,995 per month in Lake Forest, IL, renters typically need to show $23,985 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 Forest, IL?
In Lake Forest, IL, the price-to-rent ratio is 12.7, 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 Lake Forest, IL are best for renting a home?
The best neighborhood for renting in Lake Forest, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include East Highland Park, Southwest Waukegan, South Libertyville and Northeast Buffalo Grove, each with its own character and price range.

Rental Home Trends in Lake Forest, IL

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$7,995
Median Single Family Home Rent
$6,163
Median Townhouse Rent
$3,100
Median Condo Rent
$3,900
How to Rent a Home