What is the median rent in Grandwood Park, IL?

Name: Median rent in Grandwood Park, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Grandwood Park, IL is $1,836 (±$275) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 247 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Grandwood Park, the median gross rent went from $1,504 in 2015–2019 to $1,836 in 2020–2024 (+22.1%).

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 November 12, 2026.

Median gross rent: $1,836 (±$275)
Rented homes: 247 (±92)
$2,000 or more: 39.3%
Since 2015–2019: +22.1%

How much rent costs in Grandwood Park

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Grandwood Park	Lake County	Illinois	United States
Less than $500	2.8% (±4.2 points)	5.1%	7.0%	6.3%
$500 to $999	1.2% (±2.2 points)	14.9%	23.5%	20.2%
$1,000 to $1,499	23.9% (±15.4 points)	31.3%	32.6%	28.1%
$1,500 to $1,999	32.8% (±19.7 points)	26.2%	18.7%	21.1%
$2,000 to $2,499	39.3% (±23.4 points)	12.4%	9.6%	12.0%
$2,500 to $2,999	0.0% (±14.1 points)	4.6%	4.1%	5.5%
$3,000 or more	0.0% (±14.1 points)	5.3%	4.4%	6.8%

The most common range is $2,000 to $2,499, paid by 39.3% of renting households.

39.3% of rented homes in Grandwood Park cost $2,000 or more a month.

Grandwood Park against Lake County, its state and the nation

Estimate (90% margin of error)
	Grandwood Park	Lake County	Illinois	United States
Median gross rent	$1,836 (±$275)	$1,477 (±$29)	$1,274 (±$5)	$1,413
Rented homes paying rent	247 (±92)	62,163 (±1,559)	1,587,238 (±10,609)	42,849,984

In Grandwood Park, median gross rent is higher than in Lake County ($1,477).

It is also higher than in Illinois ($1,274).

It is higher than the national figure ($1,413).

In Lake County, Grandwood Park ranks 21 of 64 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 86 of 2,063.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Grandwood Park has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,504 (±$247)	$1,836 (±$275)	+22.1%	No measurable change after inflation
Households that rent	16.7% (±5.0 points)	12.6% (±4.7 points)	−4.1 percentage points	Not a measurable change
Rental vacancy rate	10.4% (±15.6 points)	10.4% (±7.8 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 Grandwood Park

Nearest places with a published estimate, compared with Grandwood Park
Place	Distance	Median gross rent	Compared with this place
Grandwood Park	—	$1,836 (±$275)	—
Warren Township (Lake County)	2.6 mi	$1,592 (±$60)	Not measurably different
Lindenhurst	2.6 mi	$1,768 (±$113)	Not measurably different
Gages Lake	2.8 mi	$1,693 (±$151)	Not measurably different
Old Mill Creek	2.9 mi	$1,688 (±$188)	Not measurably different
Venetian Village	3.0 mi	$1,711 (±$243)	Not measurably different
Gurnee	3.1 mi	$1,655 (±$83)	Not measurably different
Lake Villa Township	4.0 mi	$1,666 (±$93)	Not measurably different
Avon Township	4.2 mi	$1,510 (±$112)	Lower

Nearby places with a measurably lower figure: Avon Township, IL ($1,510).

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
15	Highland Park	$1,925 (±$124)
16	Moraine Township	$1,910 (±$110)
17	Lake Zurich	$1,909 (±$167)
18	Vernon Hills	$1,903 (±$125)
19	Highwood	$1,900 (±$209)
20	Riverwoods	$1,842 (±$329)
21	Grandwood Park	$1,836 (±$275)
22	Lake Forest	$1,815 (±$180)
23	Lindenhurst	$1,768 (±$113)
24	Venetian Village	$1,711 (±$243)
25	Round Lake	$1,710 (±$311)
26	Gages Lake	$1,693 (±$151)
27	Libertyville Township	$1,690 (±$80)

Showing 13 of 64 places in Lake County, ranked from highest to lowest.

Grandwood Park 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 Grandwood Park

What is the average rent in Grandwood Park, IL?

The Census Bureau publishes the median rather than the average: the median gross rent in Grandwood Park is $1,836 (±$275) 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 Grandwood Park?

In Grandwood Park, the median gross rent went from $1,504 in 2015–2019 to $1,836 in 2020–2024 (+22.1%).

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 Grandwood Park cost more than $2,000 a month?

39.3% of rented homes in Grandwood Park have a gross rent of $2,000 or more a month, and 2.8% cost less than $500.

Is rent in Grandwood Park higher than in Lake County?

In Grandwood Park, median gross rent is higher than in Lake County ($1,477).

It is also higher than in Illinois ($1,274).

It is higher than 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

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 Grandwood Park CDP, Illinois (place:30900, 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.

Request a Census API 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.