Cheap Apartments for Rent in the Lake Forest Neighborhood of Minneapolis, MN from $600 (151 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Forest area of Minneapolis.

Lake Forest

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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from $1,250Studio to 2 Bedroom Apartments Available Now

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3009 Holmes Ave SMinneapolis, MN 55408
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Lake Forest, Minneapolis, MN Local Guide

Cheapest Available Lake Forest Apartments for Rent

 

The cheapest available apartment rental in the Lake Forest area of Minneapolis, MN is a Studio unit found at Yorkshire Apartments priced from $750. 3030 Irving Ave S has the second lowest priced unit, which is a Studio apartment currently listed from $865. Here are the most affordable Lake Forest apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Yorkshire Apartments3125 Holmes Ave - StudioStudio,1BA$750
3030 Irving Ave S0BR/1.0BAStudio,1BA$865
1325 West 27th St1BR/1.0BA1BR,1BA$875
Girard Apartments1 Bedroom- Garden Level1BR,1BA$875
2871 and 2875 Irving Ave S1 Bed, 1 bath1BR,1BA$900
3252 Girard Ave S1BR/1.0BA1BR,1BA$905
Martinique (2880 James Ave)0B1BStudio,1BA$925
Brittany ApartmentsStudioStudio,1BA$925
Uptown West ApartmentsStudio AStudio,1BA$925
Belvedere (2896 James Ave)0BR/1.0BAStudio,1BA$925

Best Value Apartments for Rent in Lake Forest, MN

As of April 13, 2025 the best value apartment in the Lake Forest area is the $0.97 price per square foot 3004 James Ave S Model at 3004 James Ave S, Unit 3J-2 3004 James Ave S. in the in the Calhoun Isles neighborhood starting from $1,700. The second greatest value Lake Forest apartment is the 914 Vincent Ave N Model at 914 Vincent Ave N, Unit 914 starting at $1,700 with a $1.31 price per square foot in the Greater Near North 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.
3004 James Ave S, Unit 3J-2 3004 James Ave S.3004 James Ave S3BR,1BA$0.97
914 Vincent Ave N, Unit 914914 Vincent Ave N3BR,1BA$1.31
Arbor Court3 Bedroom B - 603BR,2BA$1.43
Hampshire HouseThe Alvin2BR,1BA$1.33
Rhode Island Chateau ApartmentsOne Bedroom1BR,1BA$1.28
5747 Glenwood Ave, Unit 105747 Glenwood Ave2BR,1BA$1.31
2306 glenwood ave #2, minneapolis,mn55405, Unit #22306 glenwood ave #2, minneapolis,mn554052BR,1BA$1.33
Park EmbassyOne Bedroom1BR,1BA$1.41
3701 Lake StOne Bedroom1BR,1BA$1.42
3252 Girard Ave S1BR/1.0BA1BR,1BA$1.25

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Pet Friendly Lifestyle
Lake Forest, Minneapolis, MN

Ranked #29

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Minneapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, places to raise kids, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Lake Forest Apartments

What is the Cheapest Studio apartment in Lake Forest?

Currently the most affordable Cheap Studio Apartment in Lake Forest is at Yorkshire Apartments listed at $750.

How much is rent for a Cheap One Bedroom Lake Forest Apartment?

The lowest price for a Cheap One Bedroom Lake Forest Apartment is $875 at 1325 West 27th St.

What is the lowest price for a Cheap Two Bedroom Lake Forest Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Forest is starting from $1,199 at 3305 Hennepin Ave S.

What is the most affordable Lake Forest Three Bedroom Apartment?

The best deal on a cheap Lake Forest Three Bedroom Apartment rental is at 3030 Irving Ave S and starts from $1,695.

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 A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis

Written by: Stephanie Lica

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

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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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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.