Median Age
46 Years
Largest Age Group
15-24 Years
Approximately 16% of Residents
Under 20
22%
Over 65
25%
Avg Rent
$2,916
Population
19,972
Renter Mix
15% Rent
Sitting along the Lake Michigan shoreline about 30 miles north of Chicago, Lake Forest is a North Shore suburb where tree-lined streets, rolling terrain, and a well-preserved downtown give everyday life a decidedly unhurried pace. Residents can walk to coffee shops, boutiques, and restaurants in the historic downtown district, and the lakefront at Forest Park Beach is just minutes away for swimming, fishing, and scenic walks. Nearby communities like Highland Park to the south and Lake Bluff to the north round out the area's strong sense of place along this stretch of the North Shore. The rental landscape in Lake Forest includes garden-style apartment communities, townhomes, and mid-rise buildings, along with single-family rental homes. Lake Forest College, a liberal arts institution right in the city, brings a steady academic presence to the community. Each September, the Lake Forest Open Lands Association hosts its annual Bagpipes and Bonfire event, a tradition rooted in the city's history of land conservation that draws residents together for an evening of live music, controlled burns to restore native savanna, and community fundraising.
A row of homes in Lake Forest all share a fantastic view with a pond.
Fort Sheridan Metra Station is another convenient way to get to the city.
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.
Median Household Income
$195,578
Average: $200,557
Education
11,618
Residents Have a Degree
Job Market
8,928
Workers Employed
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.
Education Distribution
Review this city's overall education levels.
As of July 2026, the average apartment rent in Lake Forest, IL is $2,916 for one bedroom, $4,414 for two bedrooms, and $6,216 for three bedrooms. Apartment rent in Lake Forest has increased by 0.8% in the past year.
Explore how walkable, bikeable, drivable, and transit-friendly Lake Forest, IL is for everyday living.
Fairly Walkable
Walkability
Limited Public Transit
Transit
Exceptionally Drivable
Drivability
Fairly Bikeable
Bikeability
Public
Grades K-5
374 Students
Public
Grades K-5
339 Students
Public
Grades K-5
308 Students
Public
Grades PK-5
263 Students
Public
Grades K-8
143 Students
Public
Grades 6-8
360 Students
Public
Grades K-8
143 Students
Public
Grades 9-12
1,348 Students
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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© 2026. All rights reserved.
† 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 June 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.