Round Lake renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Round Lake is about $1,556 per month. This puts it in the 95th percentile compared to the state average cost of rent, which is $1,235. Households in Round Lake have a median income of $7,655 per month so the average renter in Round Lake is spending roughly 20% of their earnings on housing.
Nationally, and in Round Lake, home values are the data point most closely correlated with the cost of rent. The median price of a home in Round Lake is $219,585 right now, which is higher than nearby cities, meaning that rents in Round Lake also tend to be higher versus these nearby cities.
Higher rent prices are common in the northwestern parts of Round Lake while lower rent rates are often available in northeastern areas.
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