ZIP Code · IL

ZIP 60045

Part of Lake Forest, IL

Pop. 21,074·Lake County·1st most expensive ZIP in Illinois

Median rent (all units)

$3,952/mo

Year-over-Year

Stable

Month-over-Month

-0.8%

vs US Median

+$2,020

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 60045 · $3,952

More expensive than 97% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$2,220

1 BR

$2,370

2 BR

$2,670

3 BR

$3,440

4 BR+

$3,980

Research median

$2,670/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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($233,125) is $5,828 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,980).

Cheaper nearby

ZIP 60040, 3 miles away, rents for 39% less ($2,418/mo), about $18,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 60045. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$47,424/yr

At $3,952/mo median

Location

CityLake Forest

StateIL

CountyLake County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, -0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 60045 (Lake Forest, IL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 81.2% of residents hold a bachelor's degree or higher.

Population

21,074

Median income

$233,125

Median age

45.9

Renters

11%

Age distribution

19.8%

20.9%

20.4%

12.8%

26.1%

Under 1819.8%

18–3420.9%

35–5420.4%

55–6412.8%

65+26.1%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

82.3%

White82.3%

Black0.9%

Hispanic5.7%

Asian7.1%

Other4.1%

Education (25+)

12.4%

81.2%

No HS diploma1.7%

HS diploma4.7%

Some college12.4%

Bachelor's+81.2%

Housing tenure

89%

Owner89%

Renter11%

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

2021 vs 2026

How ZIP 60045 in Lake Forest, IL has changed in 5 years

Income

$194,462 → $233,125

up 19.9%

Population

21,324 → 21,074

down 1.2%

Renter share

12.9% → 11%

-1.9 pts

Bachelor's+

81.3% → 81.2%

-0.1 pts

Median age

46.5 → 45.9

-0.6 yrs

Median household income climbed from $194,462 to $233,125 between 2021 and 2024, a 19.9% shift. Census counts show ZIP 60045 in Lake Forest, IL losing about 250 residents over the five-year window, down 1.2% on net. The renter share has eased from 12.9% to 11%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 60045

Last updated: October 17, 2026

ZIP code 60045 covers Lake Forest, IL. The median rent here is $3,952/mo as of October 2026. A 1-bedroom rents for a median of $2,370/mo. A 2-bedroom rents for a median of $2,670/mo.

At 20% of local median household income ($233,125/yr), ZIP 60045 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60045?

To keep rent at or below 30% of gross income, you would need to earn at least $158,000/year (about $76/hour full-time) to afford the median rent of $3,952/mo in ZIP 60045. The local median household income is $233,125/yr, so the typical household meets that bar.