1970 Green Bay Rd
Highland ParkIL60035
Cheap Homes for Rent in Lake Forest, IL from $1,800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Forest.
345 Park Ave
GlencoeIL60022
1250 Park Ave W
Highland ParkIL60035
232 S Central Ave
HighwoodIL60040
246 Green Bay Rd
HighwoodIL60040
440 Green Bay Rd
HighwoodIL60040
423 Funston Ave
HighwoodIL60040
2534 Green Bay Rd
Highland ParkIL60035
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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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 a home in Lake Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Forest 2 Bedroom Homes for Rent | $3,560 | $2,250 | $4,888 |
| Lake Forest 3 Bedroom Homes for Rent | $4,264 | $2,395 | $7,800 |
| Lake Forest 4 Bedroom Homes for Rent | $4,150 | $3,900 | $4,600 |
| Lake Forest 5 Bedroom Homes for Rent | $4,797 | $3,995 | $5,600 |
Browse Top Homes for Rent in Lake Forest
Explore Lake Forest
Lake Forest, IL Local Guide
- Lake Forest Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lake Forest Apartments for Rent and Nearby
The cheapest available apartment rental in Lake Forest, IL is a 1 Bed unit found at Deer Valley Apartments in the Downtown Lake Forest neighborhood priced from $1,624. Arrive North Shore in the Downtown Lake Forest neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,045. Here is today’s list of the most affordable Lake Forest apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Deer Valley Apartments | One Bedroom | 1BR,1BA | $1,624 |
| Arrive North Shore | Michigan | 2BR,1BA | $2,045 |
| The Residences at Amberley Woods | H | 2BR,2BA | $4,126 |
Best Value Apartments for Rent in Lake Forest, IL and Nearby
As of April 14, 2025 the best value apartment in the 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 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 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 | $3.41 |
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Frequently Asked Questions about Lake Forest
What type of rentals are currently available in Lake Forest?
There are currently 58 Apartments for Rent in Lake Forest, IL with pricing that ranges from $1,275 to $8,200. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,800 to $7,800.
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 $1,800 to $7,800 with an average monthly rent of $3,810.
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.
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.
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.