How much does it cost to rent in Highwood, IL?

As of July 2026, the median monthly rent in Highwood, IL is $2,332. This figure is based on aggregated data from public sources and community-submitted rents.

Is Highwood cheaper than other Illinois cities?

Highwood is one of the pricier cities in Illinois, ranking #35 out of 142 cities tracked at $2,332/mo.

When was Highwood rent data last updated?

Highwood rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IL

Highwood

Name: Average Rent Prices in Highwood, IL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 5,301·35th most expensive in Illinois·Rental market data updated monthly for Highwood, IL

Median rent (all units)

$2,332/mo

Year-over-Year

Stable

Month-over-Month

+4.2%

vs US Median

+$367

Rising (Monthly)

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Most AffordableMost Expensive

Highwood · $2,332

More expensive than 74% of US cities · National median $1,965/mo

Affordability

26% of income

AFFORDABLE

0%30% benchmark60%+

At $2,332/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$93,000/yr

Local median income

$107,875/yr

Based on the 30%-of-income rule using Highwood's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$1,790

1 BR

$1,910

2 BR

$2,160

3 BR

$2,770

4 BR+

$3,260

Research median

$2,160/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$27,984/yr

At $2,332/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +4.2% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Highwood, IL is majority owner-occupied, has a large retiree population, has a median income above the national average, 39.1% of residents hold a bachelor's degree or higher.

Population

5,301

Median income

$107,875

Median age

Renters

44%

Age distribution

21.7%

20.1%

23%

13.6%

21.5%

Under 1821.7%

18–3420.1%

35–5423%

55–6413.6%

65+21.5%

Gender

53.2%

46.8%

Male53.2%

Female46.8%

Race & ethnicity

61.6%

36.6%

White61.6%

Black1.2%

Hispanic36.6%

Asian2.1%

Education (25+)

19.4%

20.2%

21.2%

39.1%

No HS diploma19.4%

HS diploma20.2%

Some college21.2%

Bachelor's+39.1%

Housing tenure

56%

44%

Owner56%

Renter44%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Highwood, IL has changed in 5 years

Income

$88,913 → $107,875

up 21.3%

Population

5,204 → 5,301

up 1.9%

Renter share

54.9% → 44%

-10.9 pts

Bachelor's+

41.8% → 39.1%

-2.7 pts

Median age

36.1 → 41

+4.9 yrs

Household income in the area moved from $88,913 to $107,875 across the same window, up 21.3% versus 2021. Census counts show Highwood, IL adding about 97 residents over the five-year window, up 1.9% on net. The renter share has eased from 54.9% to 44%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 41.8% to 39.1% across the same window.

Community

Discussions about Highwood

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View Highwood rent history (2015–2026) →

Salary vs rent

Can you afford rent in Highwood on your salary?

At $2,332/mo, how Highwood rent compares to typical pay (30% rule).

Registered Nurse

Avg $96,370/yr · Rent = 29% income

affordable

Elementary School Teacher

Avg $68,422/yr · Rent = 40.9% income

rent-burdened

Police Officer

Avg $78,815/yr · Rent = 35.5% income

stretched

Software Developer

Avg $140,872/yr · Rent = 19.9% income

very comfortable

Lawyer

Avg $179,999/yr · Rent = 15.5% income

very comfortable

Firefighter

Avg $64,066/yr · Rent = 43.7% income

rent-burdened

Truck Driver

Avg $57,844/yr · Rent = 48.4% income

rent-burdened

Electrician

Avg $71,298/yr · Rent = 39.2% income

stretched

By apartment size

Highwood rent by bedroom count

Median rent for each apartment size in Highwood. Click any size for full breakdown.

Local insights

Tips for renters in Highwood

About renting in Highwood, IL

Last updated: July 20, 2026

The median rent in Highwood is $2,332/mo as of July 2026. A studio apartment averages $1,790/mo while a 2-bedroom runs $2,160/mo. One-bedroom apartments average $1,910/mo and 3-bedroom units go for $2,770/mo.

At 26% of local median household income ($107,875/yr), Highwood ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Highwood an affordable city for renters?

Highwood is considered affordable for renters. At $2,332/mo, rent takes approximately 26% of the local median household income ($107,875/yr). The standard benchmark is 30%. Highwood falls comfortably within that range.

How much income do you need to rent in Highwood?

To keep rent at or below 30% of gross income, you would need to earn at least $93,000/year (~$45/hour full-time) to afford the median rent of $2,332/mo in Highwood. The local median household income is $107,875/yr, meaning the typical Highwood household meets that threshold.

Is rent going up or down in Highwood?

Rent in Highwood has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Highwood rent compare to other cities in Illinois?

Highwood is one of the pricier cities in Illinois for rent, ranking #35 out of 142 tracked cities at $2,332/mo.

Which nearby cities are cheaper to rent in than Highwood?

Lake Bluff is nearby and more affordable at $2,068/mo, which is $264 less than Highwood.

What percentage of Highwood residents rent vs. own?

According to Census data, approximately 44% of Highwood households are renters, while 56% are owner-occupied. Highwood leans toward homeownership, which can mean a smaller rental inventory.

How does Highwood rent compare to the national average?

Highwood's median rent of $2,332/mo is $367 (19%) above the US national median of $1,965/mo. Within Illinois, it ranks #35 out of 142 tracked cities.

Income Affordability

26%

AFFORDABLE

At $2,332/mo, rent takes ~26% of Highwood's median household income ($107,875/yr). The standard benchmark is 30%.

Highwood 26%Benchmark 30%

State income tax4.95%

Run the Highwood affordability calculator →

Nearby cities