Lake Villa, 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 Lake Villa, Illinois rental market.
Lake Villa, Illinois
Average Apartment Rent
$1,712
Y-o-Y Change in Average
Apartment Rent
6.7%
As of June 2026
Compared to a year ago, Lake Villa, Illinois apartments have recorded a 6.7% rent increase.
Lake Villa, Illinois Average apartment rent trend
Lake Villa, Illinois Average Apartment Rent
Lake Villa, Illinois Apartment rent ranges
At 70.88%, apartments priced $1,500 - $2,000 represent the bulk of Lake Villa, Illinois rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 11.89%.
Lake Villa, Illinois Housing tenure**
Renters take up 28% of Lake Villa, Illinois real estate, occupying a total of 861 units, while homeowners live in 2,217 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$73,170
Average household size of renter-occupied housing units**
2.07
Lake Villa, Illinois Renter-occupied housing units by no. of bedrooms**
There are 490 rentals in Lake Villa, Illinois with 2 beds making up the highest share of the market, at 57%. Units with 4 beds, on the other hand, hold the lowest percentage (8%), amounting to 66 units. Overall, the median number of rooms in Lake Villa, Illinois homes for rent is 4.
Lake Villa, Illinois Renter-occupied units by age of householder**
Most condos for rent in Lake Villa, Illinois are occupied by residents in the 45 - 54 years age group (18%), followed by those in the 55 - 59 years age group (15%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
Lake Villa, Illinois Renter-occupied housing units by family type**
Lake Villa, Illinois Renter-occupied housing units by the presence of own children**
A total of 447 apartments for rent in Lake Villa, Illinois, or 52% of all rentals are family households. Additionally, 25% of rental homes include children under the age of 18 – that’s 211 units. All in all, the median size of a renter-occupied household in Lake Villa, Illinois is 2.07.
Lake Villa, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 31% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Lake Villa, Illinois.
Lake Villa, Illinois Renter-occupied units by year structure built**
The highest share of Lake Villa, Illinois apartment rentals, namely 41% or 353 units, were Built 1970 - 1979, followed by those Built 2000 - 2009 (26%, 223 units), and the ones Built 1990 - 1999 (15%, 125 units).
Lake Villa, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Lake Villa, Illinois renters (44%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lake Villa, Illinois condos for rent is 2018.
Lake Villa, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 36% of Lake Villa, Illinois renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 12% have No vehicle available.
Lake Villa, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Lake Villa, 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 Lake Villa, 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
