The average rent in Riverwoods, Lake County, IL is $2,495.
In Riverwoods, 7% of the residents are renting compared to 93% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of Riverwoods's rentals, none are small-scale complexes with under 50 units, and all 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 Riverwoods are about 14 years old, on average. Of these, 85% 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 85% of the rental communities here are low-rise, garden-style communities, 15% 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 Riverwoods are around 0% of rentals, while 1-bedroom floor plans represent 64% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 35% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Located in Lake County, Riverwoods is a tranquil village within the Chicago metropolitan area, approximately 30 miles northwest of downtown Chicago. This proximity allows residents to enjoy a suburban lifestyle with easy access to a major urban center. Riverwoods is well-known for its commitment to preserving natural landscapes, which makes it an appealing location for individuals working in environmental sectors or who prioritize green living.
The village is dotted with several parks and natural preserves, such as the Ryerson Woods Forest Preserve, which offers an array of outdoor activities including hiking, bird watching, and educational programs about the environment. In terms of culture, Riverwoods maintains a quieter profile but its proximity to Chicago allows residents to partake in a broader arts scene, historical tours, and diverse cultural events.
Dining in Riverwoods reflects its residential nature, with a focus on family-friendly restaurants and local American cuisine, although numerous dining options are available in neighboring towns and Chicago itself. The local school system is served by various public and private institutions, providing quality educational opportunities for families residing in the area.
Riverwoods features a variety of rental options that cater to different preferences and lifestyles. The architectural style within Riverwoods commonly includes single-family homes with spacious yards, often reflecting a design that complements the natural surroundings. These homes are mostly found in quiet, tree-lined neighborhoods which are ideal for families and individuals seeking a peaceful environment.
The proximity to major highways like I-94 offers easy access to both the amenities of the Chicago area and the business sectors in nearby suburbs, which is a significant advantage for professionals. Rental properties often highlight features such as proximity to nature preserves, top-rated schools, and upscale shopping districts like nearby Deerfield Square.
While Riverwoods itself is primarily residential, shopping opportunities are abundant in the adjacent areas. Deerfield Square in nearby Deerfield provides a blend of local boutiques, national retailers, and dining options. For a more unique shopping experience, residents can visit the local artisan shops and seasonal farmers’ markets in the area, which offer everything from handmade crafts to organic produce.
Common grocery chains such as Jewel-Osco and Whole Foods are conveniently located in and around Riverwoods, ensuring residents have access to a wide range of everyday necessities as well as organic and specialty foods.
Public transportation options in Riverwoods include Pace bus services, which connect residents to various parts of the Chicago metropolitan area, including direct routes to key transit hubs. For more extensive travel options, the Metra rail service is available in nearby towns, providing efficient transit into downtown Chicago and other surrounding suburbs.
Residents also benefit from close access to major roads and highways like the Tri-State Tollway (I-94), enhancing connectivity to both the greater Chicago area and Wisconsin. The nearest airports, Chicago O’Hare International Airport and Chicago Executive Airport, serve both regional and international travelers, facilitating easy travel for business or leisure.
Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.
Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!
