3540 Hennepin Ave S
MinneapolisMN55408
Cheap Homes for Rent in Lake Forest Neighborhood of Minneapolis, MN from $1,400 (6 Rentals)
Search the lowest-cost Homes 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.
1721 W Lake St, Unit 3
1721 W Lake St
MinneapolisMN55408
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
3120 Hennepin Ave, Unit 301
3120 Hennepin Ave
MinneapolisMN55408
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
2885 Knox Ave S
MinneapolisMN55408
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!
3275 Library Ln
MinneapolisMN55426
2509 Girard Ave S
MinneapolisMN55405
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Lake Forest, Minneapolis, MN Local Guide
Target Field
in Minneapolis by Flickr User: mulad is licensed under CC BY 2.0
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 | $1,897 | $1,495 | $2,300 |
| Lake Forest 3 Bedroom Homes for Rent | $2,528 | $1,995 | $3,095 |
| Lake Forest 4 Bedroom Homes for Rent | $4,206 | $2,450 | $7,900 |
| Lake Forest 5 Bedroom Homes for Rent | $7,900 | $7,900 | $7,900 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Lake Forest Neighborhood of Minneapolis, MN.
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Lake Forest, Minneapolis, MN Local Guide
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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 2876 Humboldt Ave S priced from $825. Girard Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Lake Forest apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2876 Humboldt Ave S | 2876 Efficiency | Studio,1BA | $825 |
| Girard Apartments | 1 Bedroom- Garden Level | 1BR,1BA | $875 |
| The Theodore Apartments 55+ | 1 Bedroom (B-30) | 1BR,1BA | $900 |
Best Value Apartments for Rent in Lake Forest, MN
As of May 17, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1023 James Ave N, Unit 1023 | 1023 James Ave N | 2BR,1BA | $0.69 |
| 3012 James Ave S, Unit 5 | 3012 James Ave S | 3BR,2BA | $1.36 |
| Westlake Estate Apartments | 2BD + Den - 3rd Floor | 2BR,2BA | $1.44 |
| Rhode Island Chateau Apartments | Two Bedroom | 1BR,1BA | $1.45 |
| Hampshire House | The Simon | 2BR,1.5BA | $1.41 |
| 5747 Glenwood Ave, Unit 10 | 5747 Glenwood Ave | 2BR,1BA | $1.31 |
| Park Embassy | One Bedroom | 1BR,1BA | $1.44 |
| 15 Russell Ave S, Unit 2 | 15 Russell Ave S | 1BR,1BA | $1.45 |
| 2633/35 Girard Ave S | 1BR/1.0BA | 1BR,1BA | $1.43 |
| Calhoun Beach Apartments | 1BR/1.0BA | 1BR,1BA | $1.44 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Lake Forest
What type of rentals are currently available in Lake Forest?
There are currently 390 Apartments for Rent in Lake Forest, MN with pricing that ranges from $825 to $15,685. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,425 to $7,900.
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 $1,425 to $7,900 with an average monthly rent of $3,601.
How much are larger Three and Four Bedroom Rentals in Lake Forest?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Forest range from $1,600 to $5,005, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $3,095. Four Bedroom Single-Family rentals are also available starting from $2,450 and Four Bedroom Apartments start at $2,099.
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 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.
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.
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.
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.