Property prices for rent in Lake Forest (Illinois)

The rent prices in real estate in Lake Forest, in the Illinois region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Lake Forest has had a strong fall during the last 6 months. In June, the average price per sq.feet was $2.59. In the following month the price per sq.feet fell considerably to $2.17. The price for the following two months in (August, September) fell 93 % with regard to the previous two months. The price per sq.feet has fallen 90 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2.3 to $2.06 during October, and November.

Average price

When referring to the price in Lake Forest (cities), this has risen in the last 6 months. The rent price in June is $3,311, rising in July till $3,582. During the following two months (August, September) the price has had an average rise from $3,446.5 to $3,641. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $3,543.75 and $3,692.5 between October and November.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $3,598 they are 34 % more affordable than the average price for Lake Forest . The properties with the highest average price have 4 bedrooms, Their price is 34 % more expensive than the average. After that we have properties with 2 bedrooms priced at $3,330.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.32 / sq.feet, with an average $2.11 / sq.feet price in Lake Forest. The properties with the most expensive average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.5 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $3,598 it is 17 % more affordable than the average price in Lake Forest. "House" is seen as the second most affordable property type. The most affordable property is "" followed by "Townhouse". At a price of $3,297 it is 6 % more affordable than the average price.

According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $2.21 / sq.feet followed by "House" priced at $2.57 / sq.feet. "Townhouse" is the most expensive type of property with a $72 / sq.feet value followed by "House" with an average price of $2.57 / sq.feet.

Charts data
Average price November
Average price per sq.feet November
Number of properties used in Lake Forest
Number of properties used in region Illinois
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value