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ZIP Code · IL

ZIP 60045

Pop. 21,074·Lake County·1st most expensive ZIP in Illinois
Median rent (all units)
$5,171/mo
Year-over-Year
Stable
Month-over-Month
+1.7%
vs US Median
+$3,206
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 60045 · $5,171
More expensive than 99% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$62,052/yr
At $5,171/mo median
Location
StateIL
CountyLake County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +1.7% 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: July 20, 2026

ZIP code 60045 covers Lake Forest, IL. The median rent here is $5,171/mo as of July 2026. A 1-bedroom rents for a median of $2,370/mo. A 2-bedroom rents for a median of $2,670/mo.

At 27% 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 is rent in ZIP code 60045?

As of July 20, 2026, the median monthly rent in ZIP 60045 (Lake Forest, IL) is $5,171. This is based on aggregated data from public sources and community submissions.

How does ZIP 60045 rent compare to the US average?

ZIP 60045's median rent of $5,171/mo is $3,206 (163%) above the US national median of $1,965/mo.

How does ZIP 60045 compare to other ZIPs in Illinois?

ZIP 60045 is one of the pricier ZIP codes in Illinois, ranking #1 out of 230 ZIPs tracked at $5,171/mo.

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 $207,000/year (~$100/hour full-time) to afford the median rent of $5,171/mo in ZIP 60045. The local median household income is $233,125/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 60045?

Rent in ZIP 60045 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 60045 an affordable place to rent?

ZIP 60045 is considered affordable for renters. At $5,171/mo, rent takes approximately 27% of the local median household income ($233,125/yr). The standard benchmark is 30%. ZIP 60045 falls comfortably within that range.

What percentage of ZIP 60045 residents rent vs. own?

According to Census data, approximately 11% of ZIP 60045 households are renters, while 89% are owner-occupied. ZIP 60045 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 60045 compare to the rest of Lake Forest?

ZIP 60045 sits right at the Lake Forest citywide median of $5,171/mo.

When was rent data for ZIP 60045 last updated?

Rent data for ZIP 60045 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $5,171/mo, rent takes ~27% of ZIP 60045's median household income ($233,125/yr). The standard benchmark is 30%.

ZIP 60045 27%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 60045 (Lake Forest, IL)

Recent submissions

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