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from $3,2752 to 3 Bedroom Apartments Available Now
The Residences at Amberley Woods
1850 Amberley CtLake Forest, IL 60045
Cheap Apartments for Rent in the Downtown Lake Forest Neighborhood of Lake Forest, IL from $1,200 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lake Forest area of Lake Forest.
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from $1,5251 to 2 Bedroom Apartments Available Jun 6
Forest Pointe
29533 N Waukegan RdLake Bluff, IL 60044
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from $1,5751 to 3 Bedroom Apartments Available Now
Arrive North Shore
634 Sheridan RdHighwood, IL 60040
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from $1,900Studio to 2 Bedroom Apartments Available Jun 1
HIGHPOINT Highwood Station 546
546 Green Bay RdHighwood, IL 60040
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from $1,6251 to 2 Bedroom Apartments Available Apr 10
Deer Valley Apartments
30011 N Waukegan RdLake Bluff, IL 60044
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from $1,9501 to 3 Bedroom Apartments Available Apr 1
HIGHPOINT Highwood Station 440
440 Green Bay RdHighwood, IL 60040
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from $5,2503 Bedroom Apartments Available Now
Bloom Street Townhomes - 425 Bloom St
425 Bloom StHighland Park, IL 60035
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from $1,2751 to 2 Bedroom Apartments Available Jul 8
Terrace Oaks Apartments
501-506 Smith RdLake Bluff, IL 60044
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
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from $1,4502 Bedroom Apartments Contact Us For Availability
The Oaks of Lake Bluff
601 W Washington AveLake Bluff, IL 60044
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Showing Results 1-16, Page 1 of 1
Downtown Lake Forest, Lake Forest, IL Local Guide
Market Square by Slo-mo is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Downtown Lake Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lake Forest Studio Apartments | $2,060 | $2,060 | $2,060 |
| Downtown Lake Forest 1 Bedroom Apartments | $1,923 | $1,275 | $2,775 |
| Downtown Lake Forest 2 Bedroom Apartments | $3,121 | $1,450 | $6,354 |
| Downtown Lake Forest 3 Bedroom Apartments | $5,478 | $2,570 | $8,775 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 3 mile radius of the Downtown Lake Forest Neighborhood of Lake Forest, IL.
See all Apartments in Lake ForestExplore Lake Forest
Downtown Lake Forest, Lake Forest, IL Local Guide
- Nearby Lake Forest neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Downtown Lake Forest, IL
Pricing Updated: 03/21/2025Current apartment rentals in the Downtown Lake Forest, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Downtown Lake Forest Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|
Cheapest Available Downtown Lake Forest Apartments for Rent
The cheapest available apartment rental in the Downtown Lake Forest area of Chicago, IL is a 1 Bed unit found at Arrive North Shore priced from $1,820. The Residences at Amberley Woods has the second lowest priced unit, which is a 2 Beds apartment currently listed from $3,900. Here are the most affordable Downtown Lake Forest apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arrive North Shore | Ashland | 1BR,1BA | $1,820 |
| The Residences at Amberley Woods | E | 2BR,2BA | $3,900 |
| Bloom Street Townhomes - 425 Bloom St | Corner Unit | 3BR,2BA | $5,250 |
Best Value Apartments for Rent in Downtown Lake Forest, IL
As of March 21, 2025 the best value apartment in the Downtown Lake Forest area is the $2.69 price per square foot Q Model at The Residences at Amberley Woods in the in the Downtown Lake Forest neighborhood starting from $7,000. The second greatest value Downtown Lake Forest apartment is the Corner Unit Model at Bloom Street Townhomes - 425 Bloom St starting at $5,250 with a $2.63 price per square foot in the Downtown Lake Forest neighborhood. Here is today’s list of the best values for Downtown Lake Forest apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Residences at Amberley Woods | Q | 3BR,3BA | $2.69 |
| Bloom Street Townhomes - 425 Bloom St | Corner Unit | 3BR,2.5BA | $2.63 |
| Arrive North Shore | Ashland | 1BR,1BA | $3.06 |
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Pet Friendly LifestyleDowntown Lake Forest, Lake Forest, IL
Ranked #1
Among neighborhoods in Lake Forest, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Downtown Lake Forest, Lake Forest, IL
Sheridan Elementary School
Lake Forest School District 67
Public School - Grades PK-4 (264)
10 out of 10
Lake Forest High School
Lake Forest Chsd 115 School District
Public School - Grades 9-12 (1438)
10 out of 10
Deer Path Middle School East
Lake Forest School District 67
Public School - Grades 5-6 (346)
8 out of 10
School data provided by Great Schools
Best Local Schools in Downtown Lake Forest, Lake Forest, IL
Sheridan Elementary School
Lake Forest School District 67
Public School - Grades PK-4 (264)
10 out of 10
Lake Forest High School
Lake Forest Chsd 115 School District
Public School - Grades 9-12 (1438)
10 out of 10
Deer Path Middle School East
Lake Forest School District 67
Public School - Grades 5-6 (346)
8 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Lake Forest Apartments
How much is rent for a Cheap One Bedroom Downtown Lake Forest Apartment?
The lowest price for a Cheap One Bedroom Downtown Lake Forest Apartment is $1,830 at Arrive North Shore.
What is the lowest price for a Cheap Two Bedroom Downtown Lake Forest Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Lake Forest is starting from $2,055 at Arrive North Shore.
What is the most affordable Downtown Lake Forest Three Bedroom Apartment?
The best deal on a cheap Downtown Lake Forest Three Bedroom Apartment rental is at Bloom Street Townhomes - 425 Bloom St and starts from $5,250.
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.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
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.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
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.