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Rental Market Trends in Lincolnwood, IL

What is the average rent in Lincolnwood, IL?

$2,395/month

Average Rent

758 Sq Ft

Average Apartment Size

+7.1%

Increase in the Last Year

As of May 2025, the average rent in Lincolnwood, IL is $2,395 per month. This is 47% higher than the national average rent price of $1,626/month, making Lincolnwood one of the most expensive cities in the US. When you rent an apartment in Lincolnwood, you can expect to pay about $2,187 per month for a studio, $2,395 for a one-bedroom apartment, and around $3,478 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,169 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$2,187/month
544 Sq Ft
One Bedroom
$2,395/month
758 Sq Ft
Two Bedroom
$3,478/month
1,155 Sq Ft
Three Bedroom
$4,169/month
1,381 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$3,249/month
1,301 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 Lincolnwood, IL?

In the past year, rent has increased by 7.1%, which averages out to $171 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 May 2025
Legend
2024 2025
Market Trends Over Time

What salary do I need to live comfortably in Lincolnwood, IL?

Because the average rent in Lincolnwood is $2,395, you’ll want to make about $7,983 per month or $95,796 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.

City

Lincolnwood, IL

80 Available Apartments for Rent

Search for Nearby Apartments

How does Lincolnwood, IL compare to other nearby cities and neighborhoods?

Use the tool below to compare Lincolnwood, 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.

Apartment Averages

Nearby City Rent Trends

  • Skokie Average Rent
  • Evanston Average Rent
  • Morton Grove Average Rent
  • Niles Average Rent
  • Harwood Heights Average Rent
  • Norridge Average Rent
  • Park Ridge Average Rent

Apartment communities in Lincolnwood we think you'll love

District 1860

District 1860

7215 N District Ave,
Lincolnwood, IL 60712

Studio - 3 Beds | $1,982 - $4,580

2843 W Arthur Ave

2843 W Arthur Ave

2843 W Arthur Ave,
Chicago, IL 60645

2 Beds | $1,800

1421 W Farwell Ave

1421 W Farwell Ave

1421 W Farwell Ave,
Chicago, IL 60626

Studio | $1,295

5151 Chase Ave

5151 Chase Ave

5151 Chase Ave,
Skokie, IL 60077

3 Beds | $2,900

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United States Illinois Lincolnwood Rental Trends

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 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity