Cheap Homes for Rent in Lake Forest, CA from $1,300 (6 Rentals)

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Lake Forest, CA Local Guide

Cheapest Neighborhoods for Apartments in Lake Forest, CA

Pricing Updated: 03/26/2025

Current apartment rentals in the Lake Forest, CA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lake Forest Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Pacific Commerce Center$4,576$2,176827
Serrano Highlands$4,576$2,1761073
Rancho de los Alisos$4,705$2,1761175

Cheapest Available Lake Forest Apartments for Rent

 

The cheapest available apartment rental in Lake Forest, CA is a Studio unit found at The Meridian at Laguna Hills - 55+ Senior Apartments in the Mission Viejo Central neighborhood priced from $1,895. SYCAMORE LANE APARTMENT HOMES in the Mission Viejo Central neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,180. Here is today’s list of the most affordable Lake Forest apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Meridian at Laguna Hills - 55+ Senior ApartmentsStudioStudio,1BA$1,895
SYCAMORE LANE APARTMENT HOMESAloeStudio,1BA$2,180
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$2,198

Best Value Apartments for Rent in Lake Forest, CA

As of March 26, 2025 the best value apartment in the Lake Forest area is the $3.30 price per square foot Residence 6 Luxury Model at Paloma Summit Condominium Rentals in the in the Pacific Commerce Center neighborhood starting from $3,854. The second greatest value Lake Forest apartment is the Plan C Model at Ridgecrest Apartments starting at $3,201 with a $2.90 price per square foot in the Mission Viejo Central neighborhood. Here is today’s list of the best values for Lake Forest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Paloma Summit Condominium RentalsResidence 6 Luxury3BR,2BA$3.30
Ridgecrest ApartmentsPlan C2BR,2BA$2.90
Trabuco Villas2 Bed 2 Bath Up2BR,2BA$2.96
Timbers Apartments, El Toro2 BDRM/1 BATH FIREPLACE2BR,1BA$2.84
Sonterra at Foothill RanchHeather2BR,2BA$3.17
SkyviewThe Cascades2BR,1BA$3.16
Crestwood Apartment Homes21A2BR,1BA$3.42
Villa SolanaSerrano1BR,1BA$3.34
Alicia PlazaPlan B1BR,1BA$3.45
Spring Lakes Apartment HomesPlan B1BR,1BA$3.26

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Frequently Asked Questions about Lake Forest

What type of rentals are currently available in Lake Forest?

There are currently 144 Apartments for Rent in Lake Forest, CA with pricing that ranges from $1,895 to $8,739. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,350 to $12,995.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Forest ranges from $1,350 to $12,995 with an average monthly rent of $4,361.

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.

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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.

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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.