Arrive North Shore
634 Sheridan Rd,
Highwood, IL 60040
1-3 Beds | $1,750 - $3,105
Rental Market Trends in Highwood, IL
What is the average rent in Highwood, IL?
$2,063/month
Average Rent
659 Sq Ft
Average Apartment Size
+10%
Increase in the Last Year
As of June 2025, the average rent in Highwood, IL is $2,063 per month. This is 27% higher than the national average rent price of $1,627/month, making Highwood one of the most expensive cities in the US. When you rent an apartment in Highwood, you can expect to pay about $2,060 per month for a studio, $2,063 for a one-bedroom apartment, and around $2,355 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,983 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 Highwood, IL?
In the past year, rent has increased by 10%, which averages out to $206 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 June 2025
Legend
2024
2025
Rent Ranges in Highwood, IL
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
What salary do I need to live comfortably in Highwood, IL?
Because the average rent in Highwood is $2,063, you’ll want to make about $6,876 per month or $82,512 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 Highwood, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Highwood, 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.
Nearby City Rent Trends
Apartment communities in Highwood we think you'll love
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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 2025.
* Percentages may not total 100 due to rounding.