Round Lake Park 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 Park is about $1,263 per month. This puts it in the 89th percentile compared to the state average cost of rent, which is $1,235. Households in Round Lake Park have a median income of $5,648 per month so the average renter in Round Lake Park is spending roughly 22% of their earnings on housing.
Nationally, and in Round Lake Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Round Lake Park is $168,738 right now, which is lower than nearby cities, meaning that rents in Round Lake Park also tend to be lower versus these nearby cities.
Higher rent prices are common in the eastern parts of Round Lake Park while lower rent rates are often available in northeastern areas.
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