Cheap Homes for Rent in Forest Lake, MN from $1,600 (12 Rentals)

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Forest Lake, MN Local Guide

Cheapest Available Forest Lake Apartments for Rent and Nearby

 

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
Autumn Hills ApartmentsBirch2BR,1BA$1,110
Forest Park II Apartments1 Bedroom1BR,1BA$1,202

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

As of April 17, 2025 the best value apartment in the Forest Lake area is the $1.72 price per square foot The Mississippi Model at Lighthouse Lofts in the in the Washington Far Eastern Suburbs neighborhood starting from $1,998. The second greatest value Forest Lake apartment is the Laguna Model at Mill Pond Apartments starting at $1,870 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.
Lighthouse LoftsThe Mississippi2BR,2BA$1.72
Mill Pond ApartmentsLaguna3BR,1BA$1.64
Springwood ApartmentsGeneva3BR,1BA$1.50
Greystone ApartmentsTahoe3BR,1BA$1.63
North Shore Apartments2 Bedroom2BR,1BA$1.61
Autumn Hills ApartmentsBirch2BR,1BA$1.11
Headwaters LandingTwo Bedroom2BR,2BA$1.44
Seven Pines ApartmentsTwo Bedroom Split2BR,1BA$1.75
Kilkenny CourtTwo Bedroom A2BR,1BA$1.69
Fitzgerald FlatsOne Bedroom, One Bath, Market Rate1BR,1BA$1.64

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Frequently Asked Questions about Forest Lake

What type of rentals are currently available in Forest Lake?

There are currently 41 Apartments for Rent in Forest Lake, MN with pricing that ranges from $990 to $2,992. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Lake ranging from $1,695 to $5,900.

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 $1,695 to $5,900 with an average monthly rent of $3,276.

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.