The average rent in Lincolnshire, Lake County, IL is $2,783.
In Lincolnshire 19% of the housing is rented out compared to 81% of homes are owned, according to the most recent Census Bureau estimates. 80% of Lincolnshire's apartments are found in large buildings of 50 units or more, 13% are located in smaller apartment complexes with less than 50 units, and 7% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lincolnshire are about 4 years old, on average. Of these, all have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Lincolnshire are around 19% of rentals, while 1-bedroom floor plans represent 34% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 42% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Lincolnshire is a small city in Vernon Township in Lake County, and a suburb of Chicago. The city is known among renters for being one of the wealthiest communities in the Chicago metro area. It's a picturesque city with a wide range of dining options; tree-lined, winding roads; and luxurious homes. Those who love the outdoors enjoy renting in Lincolnshire as the city offers golfing at Par-King Skill Golf, the Didier Farms and different parks. There are also entertainment opportunities in the city, from the Regal Cinemas and Lincolnshire Stadium to the Marriott Theatre and the Lincolnshire Marriot Resort. Renters here deal with warm and wet summers, while the winters are freezing, windy and snowy. The city receives 36 inches of rain and 36 inches of snow per year, with 188 sunny days, on average. That said, renters in the city need to be prepared for flooding during the rainy season.
There are two constituent neighborhoods in Lincolnshire based on a broader division. Additionally, the sprawling Chicago suburb offers an urban feel to its renters with a lot of restaurants, parks and coffee shops. Meanwhile, renters on a budget consider living in the southern regions, and the more desirable areas to rent are in the eastern parts of the city. Aside from the new and old rental apartments, Lincolnshire renters also prefer single-family homes, condos and townhomes. The housing market is somewhat competitive, too. Notably, there is no rent control in Lincolnshire, so landlords can increase the rent at any time. However, renters have a five-day grace period for paying rent, and landlords must get permission from the renter before entering a leased rental apartment. Landlords also cannot evict renters without good cause and must give a five-day eviction notice before filing for an eviction.
Lincolnshire offers its renters different shopping centers, from the local stores to the large shopping malls. The Lincolnshire Commons is the main shopping mall in the city, known for hosting different events, as well as offering restaurants and well-known retailers. City Park in Lincolnshire is also well-known for its concentration of restaurants. Otherwise, renters in the city shop for groceries at a wide range of options, including Graham's Marketplace, Mariano's, EZ Pantry, Woodman's Food Market and Circle K. Most of the clothing and shoe stores in the city are local options, but the major department stores are located in Vernon Hills. They include Macy's and JCPenney.
Lincolnshire is a car-dependent city, so most errands require a car. Most renters in the city also own a car due to its low walkability, but there's still reliable public transportation for those without. Namely, US Bus provides bus stations, routes and coach services to the renters in the city. Or, the Milwaukee Avenue and Half Day Road stop is the nearest train station to Lincolnshire, and renters also have access to the Vernon Hills Metra Station. As such, it's easy to commute to Chicago from Lincolnshire by train, subway, or bus, and it will take about an hour. Finally, Chicago O'Hare International Airport is the nearest airport to Lincolnshire.
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