Deep Lake Hermitage
149 N Milwaukee Ave,
Lake Villa, IL 60046
1-2 Beds | $1,475 - $1,725
Rental Market Trends in Lake Villa, IL
Updated July 2026
The average rent in Lake Villa, IL is $1,588/month.
Rent in Lake Villa is roughly equal to the national average rent of of $1,663/month.
$1,588/month
Average Rent
791 Sq Ft
Average Size
+3.4%
Change / Year
38
Available Apartments
Lake Villa rent varies by unit size and layout:
- Studio apartments in Lake Villa average per month.
- One-bedroom apartments in Lake Villa average $1,588 per month.
- Two-bedroom apartments in Lake Villa average $1,847 per month.
- Three-bedroom apartments in Lake Villa average $1,586 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Lake Villa, IL?
In the past year, rent has increased by 3.4%, which averages out to $54 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Lake Villa, IL
July 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
25%
$700 - $1,000/month
25%
$1,001 - $1,500/month
25%
$1,501 - $2,000/month
25%
Above $2,000/month
What salary do I need to live comfortably in Lake Villa, IL?
Because the average rent in Lake Villa is $1,588, you’ll want to make about $5,293 per month or $63,516 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 Lake Villa, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Lake Villa, 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.
View the Lake Villa Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Lake Villa?
The average rent in Lake Villa is $1,588 per month, which is 4.5% lower than the national average of $1,663.
What is the average rent for a house in Lake Villa?
The average rent for a house in Lake Villa, IL is $2,585 per month.
Are rents going up or down in Lake Villa?
Rents in Lake Villa, IL are increasing, with prices up 3.4% year-over-year and $54 more per month.
What rent range is most common in Lake Villa?
In Lake Villa, IL, 25% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
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.
* Percentages may not total 100 due to rounding.