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Rental Market Trends in Vernon Hills, IL

What is the average rent in Vernon Hills, IL?

$2,162/month

Average Rent

756 Sq Ft

Average Apartment Size

+7.1%

Increase in the Last Year

As of April 2026, the average rent in Vernon Hills, IL is $2,162 per month. This is 32% higher than the national average rent price of $1,641/month, making Vernon Hills one of the most expensive cities in the US. When you rent an apartment in Vernon Hills, you can expect to pay about $2,099 per month for a studio, $2,162 for a one-bedroom apartment, and around $2,402 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,889 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$2,099/month
613 Sq Ft
One Bedroom
$2,162/month
756 Sq Ft
Two Bedroom
$2,402/month
1,034 Sq Ft
Three Bedroom
$3,889/month
1,508 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,250/month
878 Sq Ft
Three Bedroom
$3,358/month
1,543 Sq Ft
Four Bedroom
$6,025/month
3,144 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,186/month
973 Sq Ft
Three Bedroom
$2,571/month
1,361 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,505/month
1,219 Sq Ft
Three Bedroom
$3,340/month
1,867 Sq Ft

How much has average rent changed in Vernon Hills, IL?

In the past year, rent has increased by 7.1%, which averages out to $154 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Vernon Hills, IL
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Vernon Hills, IL
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
23% $1,001 - $1,500/month
38% $1,501 - $2,000/month
38% Above $2,000/month

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

Because the average rent in Vernon Hills is $2,162, you’ll want to make about $7,206 per month or $86,472 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

Vernon Hills, IL

438 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Vernon Hills, 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.

Explore the Area Guide for Vernon Hills, IL

Apartment Averages

Nearby City Rent Trends

  • Mundelein Average Rent
  • Libertyville Average Rent
  • Buffalo Grove Average Rent

Apartment communities in Vernon Hills we think you'll love

Station 250

Station 250

250 Plaza Cir,
Mundelein, IL 60060

$1,716 - $3,651 Total Monthly Price

Studio - 2 Beds | 12 Month Lease

The Atworth at Mellody Farm

The Atworth at Mellody Farm

1111 N Milwaukee Ave,
Vernon Hills, IL 60061

$1,920 - $14,989 Total Monthly Price

Studio - 3 Beds

The Majestic Luxury Apartments

The Majestic Luxury Apartments

1155 Museum Blvd,
Vernon Hills, IL 60061

$2,570 - $5,973

1-3 Beds

The Landing at Town Center

The Landing at Town Center

1255 Town Center Rd,
Vernon Hills, IL 60061

$2,145 - $2,980

1-2 Beds

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United States Illinois Vernon Hills 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 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.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity