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Lake Forest, IL Townhome for Rent

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  • 1111 S Waukegan Rd Unit 14, Lake Forest, IL 60045
    1111 S Waukegan Rd Unit 14, Lake Forest, IL 60045
    1111 S Waukegan Rd Unit 14, Lake Forest, IL 60045
    /48

    $3,200 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,025 Sq Ft
    • Townhouse for Rent

    1111 S Waukegan Rd Unit 14, Lake Forest, IL 60045

    Freshly painted and move-in ready, this bright end-unit townhome in The Villas of Lake Forest offers three levels of comfortable living, abundant natural light, and a flexible floor plan. Recent updates include new luxury vinyl wood flooring throughout the second level, new carpet on the stairways, and a new dishwasher. The spacious living and dining area features a custom stone gas-start

    Pam Devendorf Coldwell Banker Realty

    1111 S Waukegan Rd Unit 14, Lake Forest, IL 60045
Illinois Lake County

Townhomes for Rent in Lake Forest, IL

Frequently Asked Questions

How much does it cost to rent a townhouse in Lake Forest, IL?
The median rent for a townhouse in Lake Forest, IL is $3,200 per month, though prices vary by neighborhood, size, and property type. As of August 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 Forest, IL?
To comfortably afford the median rent in Lake Forest, IL, a household needs to earn roughly $360,000 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 $9,000 per month in Lake Forest, IL, renters typically need to show $27,000 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 11.3, 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.

Townhouse Rental Trends in Lake Forest, IL

There are currently 1 townhouses available for rent in Lake Forest, IL. The median rent is $3,200 per month, with 2-bedroom townhouses renting at $3,400 and 3-bedroom townhouses at $3,375.

Rental Home Trends

Number of Townhouses for Rent
1
Median Townhouse Rent
$3,200
Median 2 Bedroom Townhouse Rent
$3,400
Median 3 Bedroom Townhouse Rent
$3,375
How to Rent a Home

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