Cheap Apartments for Rent in Forest Lake, IL from $1,000 (29 Rentals)

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Cheap Apartments in Forest Lake.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Liberty Lake
1 to 3 Bedroom Apartments

Liberty Lake

201 S Buesching RdLake Zurich, IL 60047
  • Utilities Included
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Villas By The Lake
1 to 2 Bedroom Apartments

Villas By The Lake

300 Lakeside DrVernon Hills, IL 60061
  • Utilities Included
Showing Results 1-29, Page 1 of 1

Forest Lake, IL Local Guide

Cheapest Available Forest Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Forest Lake, IL is a 1 Bed unit found at Wauconda Park Apartments in the Liberty Lakes - Freedom Series neighborhood priced from $1,200. Brockway Court Apartments in the Pleasant Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Forest Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wauconda Park Apartments1 bed/1 bath1BR,1BA$1,200
Brockway Court Apartments1x11BR,1BA$1,300
Park Butterfield ApartmentsStudio Floor Plan S1Studio,1BA$1,408
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$1,595
Mandalane1A1BR,1BA$1,607
Albion on NorthwestOak (As)1BR,1BA$1,625
Williams ReserveBirch1BR,1BA$1,628
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$1,727
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$1,755
The Landings of Lake Zurich1 Bdrm/1 Bath w/Fireplace1BR,1BA$1,760

Best Value Apartments for Rent in Forest Lake, IL and Nearby

As of May 04, 2025 the best value apartment in the Forest Lake area is the $1.90 price per square foot Newly Renovated (D1r) Model at Albion on Lake Cook in the in the Cherrybrook Village neighborhood starting from $2,550. The second greatest value Forest Lake apartment is the 2/2 Model at Eastbanks of Lake Zurich starting at $2,228 with a $1.77 price per square foot in the Hawthorn Woods Country Club neighborhood. Here is today’s list of the best values for Forest Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Albion on Lake CookNewly Renovated (D1r)3BR,2BA$1.90
Eastbanks of Lake Zurich2/22BR,2BA$1.77
The WheatlandsLorraine Plus2BR,2BA$2.28
Clover Ridge East ApartmentsAshbury1BR,1BA$2.33
Williams ReserveMulberry1BR,1BA$2.17
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$2.30
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$2.31
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$2.16
Brockway Court Apartments1x11BR,1BA$1.86
Wauconda Park Apartments1 bed/1 bath1BR,1BA$1.71

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See the most popular apartments and homes in Forest Lake, IL

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Frequently Asked Questions about Cheap Forest Lake Apartments

What is the Cheapest Studio apartment in Forest Lake?

Currently the most affordable Cheap Studio Apartment in Forest Lake is at Park Butterfield Apartments listed at $1,408.

How much is rent for a Cheap One Bedroom Forest Lake Apartment?

The lowest price for a Cheap One Bedroom Forest Lake Apartment is $1,200 at Wauconda Park Apartments.

What is the lowest price for a Cheap Two Bedroom Forest Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Forest Lake is starting from $1,500 at Wauconda Park Apartments.

What is the most affordable Forest Lake Three Bedroom Apartment?

The best deal on a cheap Forest Lake Three Bedroom Apartment rental is at Albion on Lake Cook and starts from $2,550.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.