Vernon Hills, 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 Vernon Hills, Illinois rental market.
Vernon Hills, Illinois
Average Apartment Rent
$2,417
Y-o-Y Change in Average
Apartment Rent
5.5%
As of May 2026
Compared to a year ago, Vernon Hills, Illinois apartments have recorded a 5.5% rent increase.
Vernon Hills, Illinois Average apartment rent trend
Vernon Hills, Illinois Average Apartment Rent
Vernon Hills, Illinois Apartment rent ranges
At 37.05%, apartments priced $1,500 - $2,000 represent the bulk of Vernon Hills, Illinois rentals, while condos priced Over $3,000 hold the lowest share of the market – 17.5%.
Vernon Hills, Illinois Housing tenure**
Renters take up 34% of Vernon Hills, Illinois real estate, occupying a total of 3,516 units, while homeowners live in 6,850 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$90,382
Average household size of renter-occupied housing units**
2.25
Rental vacancy rate**
6.5%
Vernon Hills, Illinois Renter-occupied housing units by no. of bedrooms**
There are 1,567 rentals in Vernon Hills, Illinois with 2 beds making up the highest share of the market, at 45%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 40 units. Overall, the median number of rooms in Vernon Hills, Illinois homes for rent is 3.9.
Vernon Hills, Illinois Renter-occupied units by age of householder**
Most condos for rent in Vernon Hills, Illinois are occupied by residents in the 35 - 44 years age group (31%), followed by those in the 25 - 34 years age group (18%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Vernon Hills, Illinois Renter-occupied housing units by family type**
Vernon Hills, Illinois Renter-occupied housing units by the presence of own children**
A total of 2,008 apartments for rent in Vernon Hills, Illinois, or 57% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 1,262 units. All in all, the median size of a renter-occupied household in Vernon Hills, Illinois is 2.25.
Vernon Hills, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 56% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Vernon Hills, Illinois.
Vernon Hills, Illinois Renter-occupied units by year structure built**
The highest share of Vernon Hills, Illinois apartment rentals, namely 27% or 963 units, were Built 1970 - 1979, followed by those Built 2010 - 2019 (23%, 796 units), and the ones Built 1980 - 1989 (19%, 676 units).
Vernon Hills, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Vernon Hills, Illinois renters (41%) moved in 2010 to 2017, while only 7% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Vernon Hills, Illinois condos for rent is 2017.
Vernon Hills, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Vernon Hills, Illinois renters have 1 vehicle available per household, 37% of them have 2 vehicles available, and 17% have No vehicle available.
Vernon Hills, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Vernon Hills, 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 Vernon Hills, 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
