What is the median rent in Channel Lake, IL?
The median gross rent in Channel Lake, IL is $1,584 (±$215) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 150 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Channel Lake, the median gross rent went from $1,106 in 2015–2019 to $1,584 in 2020–2024 (+43.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $1,584 (±$215)
- Rented homes
- 150 (±68)
- $2,000 or more
- 0.7%
- Since 2015–2019
- +43.2%
How much rent costs in Channel Lake
| Monthly gross rent | Channel Lake | Lake County | Illinois | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±21.9 points) | 5.1% | 7.0% | 6.3% |
| $500 to $999 | 12.7% (±14.6 points) | 14.9% | 23.5% | 20.2% |
| $1,000 to $1,499 | 27.3% (±24.2 points) | 31.3% | 32.6% | 28.1% |
| $1,500 to $1,999 | 59.3% (±30.3 points) | 26.2% | 18.7% | 21.1% |
| $2,000 to $2,499 | 0.7% (±2.1 points) | 12.4% | 9.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±21.9 points) | 4.6% | 4.1% | 5.5% |
| $3,000 or more | 0.0% (±21.9 points) | 5.3% | 4.4% | 6.8% |
The most common range is $1,500 to $1,999, paid by 59.3% of renting households.
0.7% of rented homes in Channel Lake cost $2,000 or more a month.
Channel Lake against Lake County, its state and the nation
| Channel Lake | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Median gross rent | $1,584 (±$215) | $1,477 (±$29) | $1,274 (±$5) | $1,413 |
| Rented homes paying rent | 150 (±68) | 62,163 (±1,559) | 1,587,238 (±10,609) | 42,849,984 |
In Channel Lake, median gross rent is not measurably different from Lake County ($1,477).
It is also higher than in Illinois ($1,274).
It is not measurably different from the national figure ($1,413).
In Lake County, Channel Lake ranks 36 of 64 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 188 of 2,063.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Channel Lake has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,106 (±$119) | $1,584 (±$215) | +43.2% | No measurable change after inflation |
| Households that rent | 20.9% (±6.6 points) | 18.8% (±9.2 points) | −2.1 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±18.8 points) | 0.0% (±21.9 points) | 0.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Channel Lake
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Channel Lake | — | $1,584 (±$215) | — |
| Antioch Township | 2.1 mi | $1,159 (±$52) | Lower |
| Salem Lakes | 3.8 mi | $1,184 (±$62) | Lower |
| Burton Township (McHenry County) | 4.0 mi | $1,210 (±$263) | Lower |
| Antioch | 4.1 mi | $1,129 (±$47) | Lower |
| Fox Lake | 4.2 mi | $1,047 (±$94) | Lower |
| Fox Lake Hills | 4.9 mi | $1,390 (±$437) | Not measurably different |
| Town of Randall | 5.4 mi | $815 (±$497) | Lower |
| Lake Villa | 5.6 mi | $1,533 (±$187) | Not measurably different |
Nearby places with a measurably lower figure: Antioch Township, IL ($1,159), Salem Lakes, WI ($1,184), Burton Township (McHenry County), IL ($1,210).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Lake County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 30 | Lake Villa Township | $1,666 (±$93) |
| 31 | Knollwood | $1,659 (±$333) |
| 32 | Gurnee | $1,655 (±$83) |
| 33 | Libertyville | $1,637 (±$123) |
| 34 | Fremont Township | $1,598 (±$876) |
| 35 | Warren Township (Lake County) | $1,592 (±$60) |
| 36 | Channel Lake | $1,584 (±$215) |
| 37 (tie) | Mundelein | $1,566 (±$100) |
| 37 (tie) | Wauconda Township | $1,566 (±$258) |
| 39 | Round Lake Beach | $1,543 (±$131) |
| 40 | Lake Villa | $1,533 (±$187) |
| 41 | Long Lake | $1,530 (±$615) |
| 42 | Avon Township | $1,510 (±$112) |
Showing 13 of 64 places in Lake County, ranked from highest to lowest.
Channel Lake is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Channel Lake
What is the average rent in Channel Lake, IL?
The Census Bureau publishes the median rather than the average: the median gross rent in Channel Lake is $1,584 (±$215) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Channel Lake?
In Channel Lake, the median gross rent went from $1,106 in 2015–2019 to $1,584 in 2020–2024 (+43.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Channel Lake cost more than $2,000 a month?
0.7% of rented homes in Channel Lake have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Channel Lake higher than in Lake County?
In Channel Lake, median gross rent is not measurably different from Lake County ($1,477).
It is also higher than in Illinois ($1,274).
It is not measurably different from the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Channel Lake CDP, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Channel Lake CDP, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Channel Lake CDP, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Channel Lake CDP, Illinois (place:12489, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Channel Lake at a glance
- Rent burden in Channel Lake
- Renters and owners in Channel Lake
- Income and affordability in Channel Lake
- Home values in Channel Lake
- Homeowner costs in Channel Lake
- Property taxes in Channel Lake
- Types of homes in Channel Lake
- Bedrooms in Channel Lake
- Age of homes in Channel Lake
- Heating fuel in Channel Lake
- Commute and cars in Channel Lake
- Population growth in Channel Lake
- Illinois landlord and tenant rules
- Housing across Lake County
- Illinois places ranked by median rent
- Housing data for every place in Illinois