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City Report · IL

Round Lake

Pop. 18,628·33rd most expensive in Illinois·Rental market data updated monthly for Round Lake, IL
Median rent (all units)
$2,350/mo
Year-over-Year
Stable
Month-over-Month
-6.9%
vs US Median
+$385
Falling (Monthly)
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Most AffordableMost Expensive
Round Lake · $2,350
More expensive than 74% of US cities · National median $1,965/mo
Affordability
25% of income
AFFORDABLE
0%30% benchmark60%+

At $2,350/mo, rent takes about 25% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$94,000/yr
Local median income
$111,977/yr
Based on the 30%-of-income rule using Round Lake's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,590
1 BR
$1,700
2 BR
$1,920
3 BR
$2,470
4 BR+
$2,900
Research median
$1,920/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
$28,200/yr
At $2,350/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -6.9% MoM), not inventory.
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Demographics

Who lives here

Round Lake, IL is majority owner-occupied, has a large share of families with children, has a median income above the national average, 41.5% of residents hold a bachelor's degree or higher.

Population
18,628
Median income
$111,977
Median age
36.1
Renters
22.8%
Age distribution
28.2%
19.9%
33.9%
Under 1828.2%
18–3419.9%
35–5433.9%
55–649%
65+8.9%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
49.7%
35.8%
12.3%
White49.7%
Black4.1%
Hispanic35.8%
Asian12.3%
Education (25+)
12.2%
22.2%
24.1%
41.5%
No HS diploma12.2%
HS diploma22.2%
Some college24.1%
Bachelor's+41.5%
Housing tenure
77.2%
22.8%
Owner77.2%
Renter22.8%

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

2021 vs 2026

How Round Lake, IL has changed in 5 years

Income
$86,451 → $111,977
up 29.5%
Population
18,720 → 18,628
down 0.5%
Renter share
24.2% → 22.8%
-1.4 pts
Bachelor's+
37.9% → 41.5%
+3.6 pts
Median age
37 → 36.1
-0.9 yrs

Household income in the area moved from $86,451 to $111,977 across the same window, up 29.5% versus 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 37.9% to 41.5%.

Community

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View Round Lake rent history (2015–2026) →
Salary vs rent

Can you afford rent in Round Lake on your salary?

At $2,350/mo, how Round Lake rent compares to typical pay (30% rule).

By apartment size

Round Lake rent by bedroom count

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

Local insights

Tips for renters in Round Lake

About renting in Round Lake, IL

Last updated: July 20, 2026

The median rent in Round Lake is $2,350/mo as of July 2026. A studio apartment averages $1,590/mo while a 2-bedroom runs $1,920/mo. One-bedroom apartments average $1,700/mo and 3-bedroom units go for $2,470/mo.

At 25% of local median household income ($111,977/yr), Round Lake ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Round Lake an affordable city for renters?

Round Lake is considered affordable for renters. At $2,350/mo, rent takes approximately 25% of the local median household income ($111,977/yr). The standard benchmark is 30%. Round Lake falls comfortably within that range.

How much income do you need to rent in Round Lake?

To keep rent at or below 30% of gross income, you would need to earn at least $94,000/year (~$45/hour full-time) to afford the median rent of $2,350/mo in Round Lake. The local median household income is $111,977/yr, meaning the typical Round Lake household meets that threshold.

Is rent going up or down in Round Lake?

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

How does Round Lake rent compare to other cities in Illinois?

Round Lake is one of the pricier cities in Illinois for rent, ranking #33 out of 142 tracked cities at $2,350/mo.

Which nearby cities are cheaper to rent in than Round Lake?

Several nearby cities have lower median rents than Round Lake ($2,350/mo): Round Lake Beach ($2,142/mo), Antioch ($2,274/mo).

What percentage of Round Lake residents rent vs. own?

According to Census data, approximately 22.8% of Round Lake households are renters, while 77.2% are owner-occupied. Round Lake leans toward homeownership, which can mean a smaller rental inventory.

How does Round Lake rent compare to the national average?

Round Lake's median rent of $2,350/mo is $385 (20%) above the US national median of $1,965/mo. Within Illinois, it ranks #33 out of 142 tracked cities.
Income Affordability
25%
AFFORDABLE

At $2,350/mo, rent takes ~25% of Round Lake's median household income ($111,977/yr). The standard benchmark is 30%.

Round Lake 25%Benchmark 30%
State income tax4.95%
Run the Round Lake affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Round Lake, IL

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