Highland Park, Lake County, IL Rental Market Trends
Last updated: February 24, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Highland Park is $3,014, a 6.33% increase compared to the previous year, when the average rent was $2,835.
One-bedroom apartments provide 812 square feet for $2,605, balancing privacy and affordability.
Two-beedroom units at $3,200 offer 1,253 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,545 sq ft) for $3,648, suitable for larger households.
Average rent in Highland Park, Lake County, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $3,014 | 1,110 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,605 | 812 sq. ft. |
| 2 Beds | $3,200 | 1,253 sq. ft. |
| 3 Beds | $3,648 | 1,545 sq. ft. |
Highland Park, Lake County, IL rent trends
Rental prices in Highland Park, Lake County, IL have increased by 6.33% over the past year. The average rent moved from $2,835 to $3,014.
What's the typical rent budget in Highland Park, Lake County, IL?
The largest share of rentals in Highland Park, Lake County, IL (48%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Highland Park, Lake County, IL?
1,914 or 16% of the households in Highland Park, Lake County, IL are renter-occupied while 9,847 or 84% are owner-occupied.
How Highland Park Compares to Other Cities
| City | Average Rent |
|---|---|
| Highland Park | $3,014 |
| Chicago | $2,454 |
| Oak Park | $2,266 |
| Evanston | $2,598 |
| Naperville | $2,093 |
| Skokie | $2,149 |
| Aurora | $1,876 |
| Champaign | $1,685 |
| Dekalb | $1,105 |
| Peoria | $1,209 |
| Lombard | $1,989 |
| Waukegan | $1,372 |
| Schaumburg | $1,938 |
| Vernon Hills, IL | $2,402 |
| Arlington Heights, IL | $1,941 |
| Palatine, IL | $1,907 |
| Rolling Meadows, IL | $1,750 |
| Des Plaines, IL | $1,846 |
| Grayslake, IL | $1,497 |
| Gurnee, IL | $1,781 |
| Libertyville, IL | $2,412 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Highland Park apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.