
Cheap Apartments for Rent in Forest Lake, MN from $800 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Forest Lake.


Autumn Hills Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Arbor Ridge Luxury Apartments

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

Forest Creek
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Timber Ridge North & South Buildings
Forest Lake, MN Local Guide

How much does it cost to rent an apartment in Forest Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Forest Lake Studio Apartments | $1,091 | $990 | $1,240 |
Forest Lake 1 Bedroom Apartments | $1,361 | $995 | $1,843 |
Forest Lake 2 Bedroom Apartments | $1,706 | $1,110 | $2,983 |
Forest Lake 3 Bedroom Apartments | $1,870 | $1,230 | $2,500 |
Browse Top Apartments in Forest Lake
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Forest Lake, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Village Apartments | Efficiency 6-01 | Studio,1BA | $990 |
Fitzgerald Flats | One Bedroom, One Bath Tax Credit | 1BR,1BA | $1,067 |
Westview Apartments | One Bedroom One Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Mill Pond Apartments | Laguna | 3BR,1BA | $1.64 |
Lighthouse Lofts | The Lookout | 2BR,2BA | $1.64 |
Springwood Apartments | Geneva | 3BR,1BA | $1.50 |
Birchview Apartments | Geneva | 3BR,1BA | $1.50 |
Greystone Apartments | Tahoe | 3BR,1BA | $1.63 |
North Shore Apartments | 2 Bedroom | 2BR,1BA | $1.61 |
Autumn Hills Apartments | Birch | 2BR,1BA | $1.11 |
Northbrook Apartments | Tahoe | 3BR,1BA | $1.47 |
Headwaters Landing | Two Bedroom | 2BR,2BA | $1.44 |
Fitzgerald Flats | One Bedroom, One Bath, Market Rate | 1BR,1BA | $1.64 |
Quick Rent Budget Calculator
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Best Local Schools in Forest Lake, MN
Forest Lake Senior High School
Forest Lake Area Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Forest Lake, MN Rentals by Map
See the most popular apartments and homes in Forest Lake, MN
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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.

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.