Cheap Homes for Rent in Forest Lake, IL from $1,400 (12 Rentals)

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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$1,442
The Gates of Deer Grove Apartment HomesOne Bedroom - 740 sqft1BR,1BA$1,595
Mandalane1A1BR,1BA$1,607

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

As of April 20, 2025 the best value apartment in the Forest Lake area is the $1.72 price per square foot Newly Renovated (C2r) Model at Albion on Lake Cook in the in the Cherrybrook Village neighborhood starting from $2,300. The second greatest value Forest Lake apartment is the 2/2 Model at Eastbanks of Lake Zurich starting at $2,325 with a $1.85 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 (C2r)2BR,2BA$1.72
Eastbanks of Lake Zurich2/22BR,2BA$1.85
The Clayson2 Bedrooms2BR,1BA$1.76
Lakeside Village Apartments2 BED / 1.5 BATH, 920 SQ FT - RENOVATED2BR,1.5BA$1.95
The Landings of Lake Zurich1 Bdrm/1 Bath1BR,1BA$2.07
Cardinal Square - Building C1 Bedroom, 1 Bath1BR,1BA$2.11
Williams ReserveMulberry1BR,1BA$2.17
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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Frequently Asked Questions about Forest Lake

What type of rentals are currently available in Forest Lake?

There are currently 42 Apartments for Rent in Forest Lake, IL with pricing that ranges from $1,200 to $12,299. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Lake ranging from $1,400 to $7,000.

What is the current price range for Rental Homes in Forest Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Forest Lake ranges from $1,400 to $7,000 with an average monthly rent of $3,499.

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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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.