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.
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.

Lake Forest, IL Area Guide

Avg Rent

$2,916

Population

19,972

Renter Mix

15% Rent

A luxurious lakeside hamlet with Chicago at your fingertips

Suburb Commuter Lake

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.

Explore the City

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.

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 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.

Property Type
Average Rent
Average Sq Ft
Apartment
$2,916/month
807 Sq Ft
House
$7,892/month
3,551 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

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Lake Forest City Hall, completed in 1898 and designed by architect Charles Sumner Frost, still stands today and remains one of the more recognizable buildings in the downtown area. The city's original street layout, designed to limit through traffic and preserve a quieter atmosphere, is still visible in the way eastern Lake Forest's roads wind through wooded estates rather than following a standard grid. Homes in this part of the city were designed by some of the most celebrated architects of the 19th and 20th centuries, including Howard Van Doren Shaw, David Adler, and Frank Lloyd Wright, making the older residential streets something of an outdoor architectural study. The Ragdale Foundation, an artists' retreat established on what was originally Howard Van Doren Shaw's summer estate built in 1897, continues to host writers, visual artists, and performers today. Gorton Center, a community arts venue that opened in its original form as the Central School in 1901, offers live music, theater performances, film programming, and classes throughout the year. The building was designed by James Gamble Rogers and later remodeled by Howard Van Doren Shaw, and it remains a well-used gathering spot at the center of civic life.

Restaurants

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The dining scene in Lake Forest is focused around the downtown commercial corridors, where you'll find a mix of American bistro fare, Italian trattorias, and casual spots well-suited to a quick weekday lunch or a longer weekend dinner. The area is close enough to neighboring Highwood, long known as a destination for Italian cuisine along the North Shore, to give residents easy access to red-sauce classics, housemade pasta, and wood-fired dishes within just a few miles. The broader North Shore corridor also puts Japanese, Mexican, and Mediterranean restaurants within a short drive.

Transportation

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Lake Forest is served by two Metra commuter rail stations, which makes getting to Chicago without a car more practical than in many suburbs. The Union Pacific North Line station sits in the eastern part of the city, while the Milwaukee District North Line station is in the western section, giving residents on both sides of town rail access. Trains on both lines reach Chicago's Ogilvie Transportation Center and Union Station, respectively, with trips to the Loop typically running under an hour. By car, Interstate 94 (the Tri-State Tollway) runs along the city's western edge, and U.S. Highway 41 cuts through the interior, connecting Lake Forest to communities to the north and south. Illinois Route 60 links the city westward toward the broader suburbs. Pace bus service provides additional transit connections to nearby communities and rail stations.

Parks

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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 open to the public. These areas include original pre-1830 prairie, woodland, wetlands, and savanna terrain, giving residents close-range access to genuinely undeveloped natural spaces. Derwen Mawr Nature Preserve and the Skokie River Nature Preserve are among the areas within a short drive or walk, offering trails through woodland and along waterways. Forest Park Beach on Lake Michigan provides waterfront access for swimming and fishing in warmer months, along with scenic views of the lake year-round. The city's Deerpath Golf Course adds another outdoor option, and the broader park system includes athletic fields and open recreational spaces throughout the community.

Cost

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Average rent in Lake Forest runs around $2,197 for a one-bedroom unit and approximately $3,356 for a two-bedroom, which is significantly above the Illinois state average of $1,233 for a one-bedroom. Three-bedroom units average around $4,706 per month. The city's economy is anchored by a strong base of corporate headquarters and major employers, including Northwestern Lake Forest Hospital, Abbott Laboratories, Pfizer, and Trustmark Insurance, along with several Fortune 500 company offices located within or near city limits. Lake Forest College also contributes to local employment. Cost of living index data specific to Lake Forest is not available at this time, but the city's median household income of approximately $195,578 reflects a housing market and overall cost structure that runs well above both state and national norms.

Shopping

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Downtown Lake Forest is organized around two primary commercial districts, each anchored by a Metra station and its own retail mix. Market Square, completed in 1916 and designed by Howard Van Doren Shaw, is one of the earliest planned shopping centers in the United States and continues to draw shoppers with its mix of specialty stores, services, and restaurants arranged around a central courtyard. The western business district near Settlers' Square offers a similar range of retail, banking, and professional services. Both corridors tend toward independent shops and locally oriented businesses rather than national chain retail, giving the downtown a more distinct character. Lake Forest Plaza and Deerpath Plaza add additional retail options for everyday shopping needs. The broader North Shore area, including neighboring Highland Park and the larger commercial centers along Route 60, expands the shopping options available within a reasonable drive.

Highlights

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Lake Forest pairs genuine Lake Michigan shoreline access and 700-plus acres of protected nature preserves with two Metra rail lines and a downtown anchored by one of the country's earliest planned shopping centers, all about 30 miles from Chicago.

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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 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.