Foreclosure Homes in Lake Forest, IL

Buyer vs Seller Market in Lake Forest, IL

Median home value: $1,143,095 as of 2026-05-14.

Median rent: $3,540 as of 2026-05-14.

Home values: +1.93% MoM, +10.85% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Rent Prices In Lake Forest, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Forest, IL, is on a rollercoaster ride. The average rent price in Lake Forest, IL, is $3,444.00. Indeed, when looking to rent in Lake Forest, IL, you can expect to pay as little as $930.00 or as much as $4,700.00, with the average rent median estimated to be $3,540.00. The good news is that finding an affordable and desirable property to rent in Lake Forest, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.