Cheap Apartments for Rent in the Lake Forest Neighborhood of Minneapolis, MN from $600 (143 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Lake Forest - One of the Best Affordable Neighborhoods in Minneapolis

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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Santa Rosa Apartments
1 Bedroom Apartments

Santa Rosa Apartments

3242 Girard Ave SMinneapolis, MN 55408
  • Utilities Included
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Granada
Studio to 1 Bedroom Apartments

Granada

1456 Lagoon AveMinneapolis, MN 55408
  • Utilities Included
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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. 2876 Humboldt Ave S has the second lowest priced unit, which is a Studio apartment currently listed from $825. 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
2876 Humboldt Ave S2876 EfficiencyStudio,1BA$825
Girard Apartments1 Bedroom- Garden Level1BR,1BA$875
1325 West 27th St1BR/1.0BA1BR,1BA$875
The Theodore Apartments 55+1 Bedroom (B-30)1BR,1BA$900
Brittany ApartmentsStudioStudio,1BA$925
Uptown West ApartmentsStudio AStudio,1BA$925
Calhoun Beach Apartments1BR/1.0BA1BR,1BA$995
2633/35 Girard Ave S1BR/1.0BA1BR,1BA$999
Q-21 Bedroom1BR,1BA$1,000

Best Value Apartments for Rent in Lake Forest, MN

As of May 12, 2025 the best value apartment in the Lake Forest area is the $0.69 price per square foot 1023 James Ave N Model at 1023 James Ave N, Unit 1023 in the in the Greater Near North neighborhood starting from $1,500. The second greatest value Lake Forest apartment is the 3012 James Ave S Model at 3012 James Ave S, Unit 5 starting at $1,900 with a $1.36 price per square foot in the Calhoun Isles 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.
1023 James Ave N, Unit 10231023 James Ave N2BR,1BA$0.69
3012 James Ave S, Unit 53012 James Ave S3BR,2BA$1.36
Westlake Estate Apartments2BD + Den - 3rd Floor2BR,2BA$1.44
Villa Capri2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.44
Rhode Island Chateau ApartmentsTwo Bedroom1BR,1BA$1.45
CourtyardTwo Bedroom 21A2BR,1BA$1.36
5747 Glenwood Ave, Unit 105747 Glenwood Ave2BR,1BA$1.31
Park EmbassyOne Bedroom1BR,1BA$1.44
2633/35 Girard Ave S1BR/1.0BA1BR,1BA$1.43
Calhoun Beach Apartments1BR/1.0BA1BR,1BA$1.44

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Lake Forest, Minneapolis, MN

Ranked #28

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 $1,265 at Hampshire House.

What is the most affordable Lake Forest Three Bedroom Apartment?

The best deal on a cheap Lake Forest Three Bedroom Apartment rental is at Zelia on Seven and starts from $2,490.

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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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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.