Cheap Apartments for Rent in Forest Lake, IL from $1,000 (36 Rentals)

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

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Liberty Lake
1 to 3 Bedroom Apartments

Liberty Lake

201 S Buesching RdLake Zurich, IL 60047
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Brockway Court Apartments
1 Bedroom Apartments

Brockway Court Apartments

300-308 N Brockway StPalatine, IL 60067
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Villas By The Lake
1 to 2 Bedroom Apartments

Villas By The Lake

300 Lakeside DrVernon Hills, IL 60061
  • Utilities Included

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Showing Results 1-36, Page 1 of 1

Forest Lake, IL Local Guide

Cheapest Available Forest Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Forest Lake, IL is a 1 Bed unit found at Heritage Green Apartments in the Central Vernon Hills neighborhood priced from $1,375. Wauconda Park Apartments in the Liberty Lakes - Freedom Series neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,500. Here is today’s list of the most affordable Forest Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Heritage Green Apartments1 BR/1BA1BR,1BA$1,375
Wauconda Park Apartments2 bed / 1 bath2BR,1BA$1,500
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$1,519
The Gates of Deer Grove Apartment HomesStudio - 530 sqftStudio,1BA$1,535
Albion on NorthwestOak (As)1BR,1BA$1,625
ArrowheadStream1BR,1BA$1,628
Mandalane1A1BR,1BA$1,639
Williams ReserveBirch1BR,1BA$1,682
Emerald Pointe Apartments1 Bedroom 1 Bath (714 sq ft)1BR,1BA$1,687
Park Butterfield Apartments2 Bedroom Floor Plan B12BR,1BA$1,692

Best Value Apartments for Rent in Forest Lake, IL and Nearby

As of August 02, 2025 the best value apartment in the Forest Lake area is the $1.83 price per square foot Newly Renovated (D1r) Model at Albion on Lake Cook in the in the Cherrybrook Village neighborhood starting from $2,450. The second greatest value Forest Lake apartment is the 2/2 Model at Eastbanks of Lake Zurich starting at $2,228 with a $1.77 price per square foot in the Hawthorn Woods Country Club neighborhood. Here is today’s list of the best values for Forest Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Albion on Lake CookNewly Renovated (D1r)3BR,2BA$1.83
Eastbanks of Lake Zurich2/22BR,2BA$1.77
Cardinal Square - Building D2CSD2 - x09 Tier2BR,2BA$2.14
Park Butterfield Apartments2 Bedroom Floor Plan B22BR,2BA$1.68
The Clayson2 Bedrooms2BR,1BA$1.84
Lakeside Village Apartments2 BED / 1.5 BATH, 920 SQ FT - RENOVATED2BR,1.5BA$1.95
Wauconda Park Apartments2 bed / 1 bath2BR,1BA$1.67
Williams ReserveMulberry1BR,1BA$2.17
Heritage Green Apartments1 BR/1BA1BR,1BA$1.83
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$2.03

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Frequently Asked Questions about Cheap Forest Lake Apartments

What is the Cheapest Studio apartment in Forest Lake?

Currently the most affordable Cheap Studio Apartment in Forest Lake is at The Gates of Deer Grove Apartment Homes listed at $1,535.

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

The lowest price for a Cheap One Bedroom Forest Lake Apartment is $1,375 at Heritage Green Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Forest Lake is starting from $1,475 at Heritage Green Apartments.

What is the most affordable Forest Lake Three Bedroom Apartment?

The best deal on a cheap Forest Lake Three Bedroom Apartment rental is at Albion on Lake Cook and starts from $2,450.

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.