Last updated on May 24, 2026

Average rent in
Lakewood, IL

Median rent

Median rent in Lakewood

$1,800/mo

decreased by27%

vs previous year

The average rent in Lakewood is $1,800 per month as of May 2026. This is 8% below the national average rent, or $150 less per month.

$2.02

average price per square foot

Total rentals

Available rentals in Lakewood

12

for rent on Zumper.com as of May 2026

Rent price distribution

Share of Lakewood rentals at each price point

60%45%30%15%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Lakewood, IL, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Lakewood, IL

Average rent prices in Lakewood have decreased by 7% over the last month and have decreased by 27% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Lakewood, IL

Rent prices in Lakewood vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Lakewood is $1,757, whereas a house costs $2,340. 1-bedroom apartments in Lakewood run $1,400 on average, while 2-bedroom apartments are $1,740.

Listings

Studio

$1,357

-

No Change

1 bedroom

$1,400

-

-

2 bedroom

$1,950

2%

-

3 bedroom

$2,390

10%

2%

4 bedroom

$3,850

8%

-

Studio

Average rent

$1,357

1 bedroom

Average rent

$1,400

2 bedroom

Average rent

$1,950

Last 30 days

2%

3 bedroom

Average rent

$2,390

Last 30 days

10%

Last year

2%

4 bedroom

Average rent

$3,850

Last 30 days

8%

The table above reflects average rent prices in Lakewood, IL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Lakewood, IL compare to other cities?

Compare median rent prices in Lakewood and Cary by all bedroom counts and property types.

Lakewood

Median rent price$1,800
decreased by8%

lower than the national median

Median rent price$1,775
decreased by9%

lower than the national median

Takeaway

The median rent for all rentals in Lakewood, IL is 1% higher than the median rent in Cary, IL.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Lakewood, IL

Quick answers to common questions about the Lakewood rental market.

How much is rent in Lakewood?

The average rent in Lakewood is $1,800 per month as of May 23, 2026.

Is rent up or down in Lakewood?

Average rent prices in Lakewood have decreased by 7% over the last month and have decreased by 27% since last year.

How does Lakewood rent compare to the national average?

Rent in Lakewood is 8% below the national average, which means renters are paying approximately $150 less per month.

What salary do I need to afford rent in Lakewood?

To comfortably afford rent in Lakewood, you'd need to earn approximately $72,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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