Cheap Apartments for Rent in Forest Lake, MN from $800 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Fitzgerald Flats
1 to 3 Bedroom Apartments

Fitzgerald Flats

19951 Headwaters Blvd NForest Lake, MN 55025

Forest Lake, MN Local Guide

Cheapest Available Forest Lake Apartments for Rent

 

The cheapest available apartment rental in Forest Lake, MN is a Studio unit found at Village Apartments in the Washington Far Eastern Suburbs neighborhood priced from $990. Fitzgerald Flats in the Washington Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,067. Here is today’s list of the most affordable Forest Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Village ApartmentsEfficiency 6-01Studio,1BA$990
Fitzgerald FlatsOne Bedroom, One Bath Tax Credit1BR,1BA$1,067
Westview ApartmentsOne Bedroom One Bath1BR,1BA$1,099

Best Value Apartments for Rent in Forest Lake, MN

As of March 27, 2025 the best value apartment in the Forest Lake area is the $1.74 price per square foot 20695 Georgia Ave N Model at 20695 Georgia Ave N in the in the Washington Far Eastern Suburbs neighborhood starting from $2,899. The second greatest value Forest Lake apartment is the The Lady Slipper Model at Lighthouse Lofts starting at $2,278 with a $1.82 price per square foot in the Washington Far Eastern Suburbs 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.
20695 Georgia Ave N20695 Georgia Ave N3BR,2BA$1.74
Lighthouse LoftsThe Lady Slipper2BR,2BA$1.82
Mill Pond ApartmentsAstoria2BR,1BA$1.66
Springwood ApartmentsGeneva3BR,1BA$1.50
Greystone ApartmentsTahoe3BR,1BA$1.63
North Shore Apartments2 Bedroom2BR,1BA$1.61
Headwaters LandingTwo Bedroom2BR,2BA$1.44
Kilkenny CourtTwo Bedroom A2BR,1BA$1.69
Fitzgerald FlatsOne Bedroom, One Bath, Market Rate1BR,1BA$1.64
Westview ApartmentsOne Bedroom One Bath1BR,1BA$1.81

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Forest Lake, MN Rentals by Map

View MapForest Lake, MN Apartments MapView MapForest Lake, MN Rental Homes Map

Getting Around Forest Lake, MN

Walk Score®

35 / 100

Car-Dependent

Most errands require a car

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

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 Village Apartments listed at $990.

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

The lowest price for a Cheap One Bedroom Forest Lake Apartment is $1,067 at Fitzgerald Flats.

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 $1,262 at Forest Park II 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 Forest Park II Apartments and starts from $1,395.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.