The city of Lake Forest is 33 miles north of Chicago.
Lake Forest Market Square is a walkable area in the heart of the city.
Fort Sheridan Metra Station is another convenient way to get to the city.
A row of homes in Lake Forest all share a fantastic view.
Forest Park in Lake Forest sits along Lake Michigan and offers scenic lakefront access.

Lake Forest, IL Area Guide

Avg Rent

$2,917

Population

19,972

Renter Mix

15% Rent

A luxurious lakeside hamlet

Suburb Lakefront Commute

Lake Forest earned its identity from the ground up: founded in 1857 alongside Lake Forest College as a planned community on the North Shore, it was designed from the start with winding roads through wooded estates rather than a conventional street grid. That intentional character still defines the city today, roughly 30 miles north of Chicago along the Lake Michigan shoreline. Major employers like Northwestern Lake Forest Hospital, Abbott Laboratories, and Pfizer give the local economy a strong institutional backbone, while two Metra commuter rail lines connect residents to Chicago's Loop in under an hour.

The city's eastern neighborhoods are something of an open-air architectural archive, with historic homes designed by Howard Van Doren Shaw, David Adler, and Frank Lloyd Wright lining roads that curve through preserved woodland. Western Lake Forest offers a more typical suburban feel, anchored by its own Metra station. Lake Forest College brings an active academic presence to the community, and each September the Lake Forest Open Lands Association hosts its Bagpipes and Bonfire gathering, an evening of live music and controlled prairie burns that reflects the city's deep commitment to land conservation.

The rental market includes garden-style apartment communities, townhomes, mid-rise buildings, and single-family homes available for rent. Renters drawn to architectural character, preserved green space, and direct rail access to Chicago will find Lake Forest a compelling place to call home.

Explore the City

Fort Sheridan Metra Station is another convenient way to get to the city.

A row of homes in Lake Forest all share a fantastic view.

Forest Park in Lake Forest sits along Lake Michigan and offers scenic lakefront access.

Forest Park Beach in Lake Forest has plenty of trails for walkers and bikers.

Residents frequent downtown during their freetime.

Fort Sheridan Forest Preserve in Lake Forest offers trails for joggers and cyclists.

Demographics

Median Household Income

$195,578

Average: $200,557

Education

11,618

Residents Have a Degree

Job Market

8,928

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

46 Years

Largest Age Group

15-24 Years

Approximately 16% of Residents

Under 20

22%

Over 65

25%

Housing Distribution

Lake Forest has more homeowners than renters.

Renters
15%
Non-Renters
85%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
56%
Other Education
44%

Rent Trends

As of September 2026, the average apartment rent in Lake Forest, IL is $2,917 for one bedroom, $4,464 for two bedrooms, and $5,912 for three bedrooms. Apartment rent in Lake Forest has increased by 0.8% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$2,917/month
807 Sq Ft
House
$12,224/month
5,422 Sq Ft
See Rental Market Trends in Lake Forest, IL

Learn More About Lake Forest

Getting Around

Fairly Walkable

Walkability

40 / 100

Limited Public Transit

Transit

20 / 100

Exceptionally Drivable

Drivability

90 / 100

Fairly Bikeable

Bikeability

50 / 100

Schools

Deer Path Middle School East

Public

Grades K-5

374 Students

Cherokee Elementary School

Public

Grades K-5

339 Students

Everett Elementary School

Public

Grades K-5

308 Students

Sheridan Elementary School

Public

Grades PK-5

263 Students

Rondout Elementary School

Public

Grades K-8

143 Students

Deer Path Middle School West

Public

Grades 6-8

360 Students

Rondout Elementary School

Public

Grades K-8

143 Students

Lake Forest High School

Public

Grades 9-12

1,348 Students

Points of Interest

Parks and Recreation

  • Derwen Mawr Nature Preserve
  • West Skokie Nature Preserve
  • Mellody Farm Nature Preserve
  • Skokie River Nature Preserve
  • Wildlife Discovery Center

Airports

  • Chicago O'Hare International
  • Chicago Midway International

Top Apartments in Lake Forest

Houses for Rent in Lake Forest

Living in Lake Forest

History

-

Lake Forest was founded in 1857 as a planned community, laid out alongside Lake Forest College as a stop for travelers heading south to Chicago. That intentional design is still visible today in the winding streets of eastern Lake Forest, which curve through wooded estates rather than following a standard grid, a deliberate choice to preserve a quieter, more natural atmosphere. Homes in these older residential areas were designed by architects including Howard Van Doren Shaw, David Adler, and Frank Lloyd Wright, making a drive through the neighborhood something of an outdoor architecture survey.

Several of the city's historic buildings remain active gathering places. Lake Forest City Hall, completed in 1898 and designed by Charles Sumner Frost, still stands in the downtown area. Gorton Center, originally built as Central School in 1901 and designed by James Gamble Rogers, now hosts live music, theater, and community events. A local shopping center, completed in 1916 and designed by Howard Van Doren Shaw, is recognized as one of the earliest planned shopping centers in the United States and continues to anchor downtown life. The Ragdale Foundation, established on Shaw's 1897 summer estate, operates as an artists' retreat.

Restaurants

-

Dining in Lake Forest centers on the historic downtown district, which is filled with charming bistros and locally-owned favorites. Just a few miles away, the neighboring community of Highwood has long been a North Shore destination for Italian cuisine, offering red-sauce classics, housemade pasta, and wood-fired dishes. A short drive in any direction opens up a broader range of options throughout the North Shore corridor.

Transportation

-

Lake Forest is served by two Metra commuter rail lines, giving residents on both sides of the city rail access to downtown Chicago. The Union Pacific North Line station sits in the eastern part of the city and connects to Ogilvie Transportation Center, while the Milwaukee District North Line station in the western section runs to Union Station. Trips to the Loop typically take under an hour. Pace bus service provides supplemental transit connections to nearby communities and rail stations. Drivers have ready access to Interstate 94 along the city's western edge, U.S. Highway 41 through the interior, and Illinois Route 60 heading west toward the broader suburbs. Chicago O'Hare International Airport is about 25 miles away, roughly a 36-minute drive. The city's street layout, designed with winding roads rather than a standard grid, makes Lake Forest more car-dependent outside of the walkable downtown core.

Parks

-

The Lake Forest Open Lands Association manages more than 700 acres of preserved land within city limits, including six nature preserves with approximately 12 miles of walking trails covering pre-1830 prairie, woodland, wetlands, and savanna terrain. Derwen Mawr Nature Preserve and West Skokie Nature Preserve offer wooded trails within minutes of the city center, while the Skokie River Nature Preserve winds along waterways through a peaceful natural corridor. Mellody Farm Nature Preserve rounds out the accessible options for quiet walks close to home. Forest Park Beach provides Lake Michigan waterfront access for swimming, fishing, and year-round scenic walks along the shoreline. The Wildlife Discovery Center sits about 10 minutes away, and the city's Deerpath Golf Course and athletic fields add further outdoor recreation throughout the community.

Cost

-

Rental prices in Lake Forest sit well above regional norms. A one-bedroom apartment averages $2,915 per month, roughly 68 percent above the Illinois state average and significantly higher than neighboring communities such as Lake Bluff and Highwood. Two-bedroom units average $4,413 per month, and three-bedroom rentals average $6,130. The rental market includes garden-style apartment communities, townhomes, mid-rise buildings, and single-family homes.

Shopping

-

Downtown Lake Forest centers on two distinctive commercial corridors that reflect the city's character well. A local shopping center, completed in 1916 and designed by architect Howard Van Doren Shaw, is recognized as one of the earliest planned shopping centers in the United States, and it continues to anchor the eastern downtown with specialty shops, services, and restaurants arranged around a central courtyard. The western business district rounds out the downtown retail scene with a comparable mix of shops, banking, and professional services. Both areas lean toward independent and local businesses rather than national chains. Several local shopping centers offer additional everyday retail, while neighboring Highland Park and the commercial corridors along Route 60 provide broader options within a short drive.

Highlights

-

Founded in 1857 as a planned community 30 miles north of Chicago, Lake Forest offers Lake Michigan shoreline access at Forest Park Beach, over 700 acres of protected nature preserves with 12 miles of trails, a downtown anchored by one of the country's earliest planned shopping centers, and two Metra lines connecting to the Chicago Loop in under an hour.

Search Nearby Rentals

Nearby City Rentals

Nearby City Guides

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.