TGM NorthShore
770 Skokie Blvd,
Northbrook, IL 60062
$2,019 - $5,053
1-2 Beds
Rental Market Trends in Highland Park, IL
What is the average rent in Highland Park, IL?
$2,371/month
Average Rent
848 Sq Ft
Average Apartment Size
+3.8%
Increase in the Last Year
As of March 2026, the average rent in Highland Park, IL is $2,371 per month. This is 46% higher than the national average rent price of $1,627/month, making Highland Park one of the most expensive cities in the US. When you rent an apartment in Highland Park, you can expect to pay about $1,927 per month for a studio, $2,371 for a one-bedroom apartment, and around $3,695 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,929 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Highland Park, IL?
In the past year, rent has increased by 3.8%, which averages out to $91 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Highland Park, IL
Last Updated March 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
8%
$1,001 - $1,500/month
15%
$1,501 - $2,000/month
77%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Highland Park?
Based on current rent prices, Fort Sheridan, Ravinia Highlands and South Highland are the most affordable neighborhoods in Highland Park.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Highland Park?
Based on current rent prices, Ravinia Highlands, South Highland and Fort Sheridan are the most expensive neighborhoods in Highland Park.
Neighborhood
Average Rent
Average Sq Ft
Which Highland Park neighborhoods have the most rentals available?
The neighborhoods in Highland Park with the most apartments available are Ravinia Highlands, South Highland and Fort Sheridan .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Highland Park, IL?
Because the average rent in Highland Park is $2,371, you’ll want to make about $7,903 per month or $94,836 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Highland Park, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Highland Park, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Nearby City Rent Trends
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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 February 2026.
* Percentages may not total 100 due to rounding.