Cheap Homes for Rent in Lake Forest Neighborhood of Minneapolis, MN from $1,400 (11 Rentals)

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Cheap Homes in the Lake Forest area of Minneapolis.

property at 1721 W Lake St

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.

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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.

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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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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
3030 Irving Ave S0BR/1.0BAStudio,1BA$865
Girard Apartments1 Bedroom- Garden Level1BR,1BA$875
1325 West 27th St1BR/1.0BA1BR,1BA$875

Best Value Apartments for Rent in Lake Forest, MN

As of May 03, 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 3004 James Ave S Model at 3004 James Ave S, Unit 3J-2 3004 James Ave S. starting at $1,700 with a $0.97 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
3004 James Ave S, Unit 3J-2 3004 James Ave S.3004 James Ave S3BR,1BA$0.97
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
5747 Glenwood Ave, Unit 105747 Glenwood Ave2BR,1BA$1.31
3411 Hennepin Ave S1BR/1.0BA1BR,1BA$1.23
6221 W Lake St, Unit 16221 W Lake St1BR,1BA$1.19
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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Frequently Asked Questions about Lake Forest

What type of rentals are currently available in Lake Forest?

There are currently 383 Apartments for Rent in Lake Forest, MN with pricing that ranges from $750 to $15,685. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,425 to $7,500.

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 $7,500 with an average monthly rent of $2,466.

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 $1,650 to $5,490, 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.

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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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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.