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

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Search the lowest-cost Apartments available for rent right now in Forest Lake.

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Liberty Lake
1 to 3 Bedroom Apartments

Liberty Lake

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

Villas By The Lake

300 Lakeside DrVernon Hills, IL 60061
Utilities inc.
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 Studio unit found at Lakeside Village Apartments in the South Vernon Hills neighborhood priced from $1,195. Heritage Green Apartments in the Central Vernon Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,345. Here is today’s list of the most affordable Forest Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakeside Village Apartments0 BED / 1.0 BATH, 340 SQ FT - RENOVATEDStudio,1BA$1,195
Heritage Green Apartments1 BR/1BA1BR,1BA$1,345
Clayson1 Bedroom1BR,1BA$1,375
Park Butterfield ApartmentsStudio Floor Plan S1Studio,1BA$1,498
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$1,600
Albion on NorthwestOak (Ah)1BR,1BA$1,625
Williams ReserveMulberry1BR,1BA$1,625
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$1,673
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$1,725
Waterford Place ApartmentsPowerscourt 2nd & 3rd Fl (R)1BR,1BA$1,730

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

As of February 26, 2025 the best value apartment in the Forest Lake area is the $1.64 price per square foot Newly Renovated (C1r) Model at Albion on Lake Cook in the in the Cherrybrook Village neighborhood starting from $2,205. The second greatest value Forest Lake apartment is the Provence Plus Model at The Wheatlands starting at $2,165 with a $2.06 price per square foot in the McHenry Road 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 (C1r)2BR,2BA$1.64
The WheatlandsProvence Plus2BR,1BA$2.06
Emerald Pointe Apartments2 Bedroom 1 Bath (954 sq ft)2BR,1BA$1.83
Clover Ridge East ApartmentsSussex2BR,1BA$2.10
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$2.08
Williams ReserveWillow1BR,1BA$2.12
Heritage Green Apartments1 BR/1BA1BR,1BA$1.79
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$2.23
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$2.16
Clayson1 Bedroom1BR,1BA$1.96

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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 Lakeside Village Apartments listed at $1,195.

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

The lowest price for a Cheap One Bedroom Forest Lake Apartment is $1,345 at Heritage Green 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 $1,600 at Park Butterfield 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 The Atworth at Mellody Farm and starts from $3,676.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.