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

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

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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 May 11, 2025 the best value apartment in the Forest Lake area is the $1.64 price per square foot Laguna Model at Mill Pond Apartments in the in the Washington Far Eastern Suburbs neighborhood starting from $1,874. The second greatest value Forest Lake apartment is the The Lookout Model at Lighthouse Lofts starting at $1,833 with a $1.64 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.
Mill Pond ApartmentsLaguna3BR,1BA$1.64
Lighthouse LoftsThe Lookout2BR,2BA$1.64
Springwood ApartmentsGeneva3BR,1BA$1.50
Birchview ApartmentsGeneva3BR,1BA$1.50
Greystone ApartmentsTahoe3BR,1BA$1.63
North Shore Apartments2 Bedroom2BR,1BA$1.61
Autumn Hills ApartmentsBirch2BR,1BA$1.11
Northbrook ApartmentsTahoe3BR,1BA$1.47
Headwaters LandingTwo Bedroom2BR,2BA$1.44
Fitzgerald FlatsOne Bedroom, One Bath, Market Rate1BR,1BA$1.64

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

Explore Forest Lake, MN Rentals by Map

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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 $1,110 at Autumn Hills 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.

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