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The average rent in Lake Zurich, IL is $1,606.

In Lake Zurich, 22% of the residents are renting compared to 78% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 34% of Lake Zurich's rentals, 49% are small-scale complexes with under 50 units, and 16% are single-family rentals.

The average age of rental buildings in Lake Zurich is 28 years old, with 69% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Lake Zurich come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 58% of the total apartments in the city, while 2-bedroom floorplans represent around 40% of all rentals in Lake Zurich. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.