Highland Park, Illinois Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Highland Park, Illinois rental market.
Highland Park, Illinois
Average Apartment Rent
$2,878
Y-o-Y Change in Average
Apartment Rent
0.8%
As of May 2026
Compared to a year ago, Highland Park, Illinois apartments have recorded a 0.8% rent increase.
Highland Park, Illinois Average apartment rent trend
Highland Park, Illinois Average Apartment Rent
Highland Park, Illinois Apartment rent ranges
At 40.38%, apartments priced Over $3,000 represent the bulk of Highland Park, Illinois rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 13.29%.
Highland Park, Illinois Housing tenure**
Renters take up 16% of Highland Park, Illinois real estate, occupying a total of 1,923 units, while homeowners live in 10,172 properties.
Median number of rooms of renter-occupied housing units**
4.9
Renter median household income**
$72,901
Average household size of renter-occupied housing units**
2.39
Rental vacancy rate**
2.9%
Highland Park, Illinois Renter-occupied housing units by no. of bedrooms**
There are 799 rentals in Highland Park, Illinois with 2 beds making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 39 units. Overall, the median number of rooms in Highland Park, Illinois homes for rent is 4.9.
Highland Park, Illinois Renter-occupied units by age of householder**
Most condos for rent in Highland Park, Illinois are occupied by residents in the 45 - 54 years age group (22%), followed by those in the 25 - 34 years age group (16%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Highland Park, Illinois Renter-occupied housing units by family type**
Highland Park, Illinois Renter-occupied housing units by the presence of own children**
A total of 1,159 apartments for rent in Highland Park, Illinois, or 60% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 639 units. All in all, the median size of a renter-occupied household in Highland Park, Illinois is 2.39.
Highland Park, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 58% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Highland Park, Illinois.
Highland Park, Illinois Renter-occupied units by year structure built**
The highest share of Highland Park, Illinois apartment rentals, namely 16% or 308 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (16%, 300 units), and the ones Built 1970 - 1979 (15%, 298 units).
Highland Park, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Highland Park, Illinois renters (38%) moved in 2010 to 2017, while only 6% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Highland Park, Illinois condos for rent is 2016.
Highland Park, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Highland Park, Illinois renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 11% have No vehicle available.
Highland Park, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Highland Park, Illinois Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Highland Park, Illinois apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
