Cheap Apartments for Rent in Forest Lake, IL from $1,000 (33 Rentals)

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

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Park Butterfield Apartments
Rent Specials
$1,385 - $2,507
Total Monthly Price

Total Monthly Price

Base Rent
$1,335 - $2,457
Required Monthly Fees
$50
Total Monthly Price
$1,385 - $2,507
Studio to 2 Bedroom Apartments Available Now

Park Butterfield Apartments

2200 S Butterfield RdMundelein, IL 60060
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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Albion on Northwest
Rent Specials
$1,416 - $2,391
Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $2,375
Required Monthly Fees
$16
Total Monthly Price
$1,416 - $2,391
1 to 2 Bedroom Apartments Available Now

Albion on Northwest

975 N Sterling AvePalatine, IL 60067
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Waterford Place Apartments
$1,667 - $2,469
Total Monthly Price

Total Monthly Price

Base Rent
$1,652 - $2,454
Required Monthly Fees
Varies
Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Waterford Place Apartments

313 W Happfield DrArlington Heights, IL 60004
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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Arbor Lakes
Rent Specials
$1,690 - $2,833
Total Monthly Price

Total Monthly Price

Base Rent
$1,640 - $2,783
Required Monthly Fees
$50
Total Monthly Price
$1,690 - $2,833
1 to 2 Bedroom Apartments Available Now

Arbor Lakes

4233 N Bloomington AveArlington Heights, IL 60004
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Station 250
Rent Specials
$1,716 - $3,651
Total Monthly Price

Total Monthly Price

Base Rent
$1,710 - $3,645
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Station 250

250 Plaza CirMundelein, IL 60060
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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Springs at Mundelein
Rent Specials
$1,824 - $4,529
Total Monthly Price

Total Monthly Price

Base Rent
$1,680 - $4,385
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Springs at Mundelein

1100 Huntington DrMundelein, IL 60060
Luxury
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Liberty Lake
1 to 3 Bedroom Apartments

Liberty Lake

201 S Buesching RdLake Zurich, IL 60047
  • Utilities Included
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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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Cardinal Square
Studio to 3 Bedroom Apartments

Cardinal Square

300 Anthony AveMundelein, IL 60060
Corporate Housing

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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Showing Results 1-33, 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 Studio unit found at Lakeside Village Apartments in the Grosse Pointe Village neighborhood priced from $1,250. Heritage Green Apartments in the Central Vernon Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. Here is today’s list of the most affordable Forest Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakeside Village Apartments0 BED / 1.0 BATH, 340 SQ FT - RENOVATEDStudio,1BA$1,250
Heritage Green Apartments1 BR/1BA1BR,1BA$1,275
Albion on NorthwestOak (A) 1 Bedroom Apartment1BR,1BA$1,416
Court of Birch and Spruce Apartments1 Bedroom1BR,1BA$1,425
The Clayson1 Bedroom1BR,1BA$1,473
Williams ReserveAspenStudio,1BA$1,546
Park Butterfield Apartments2 Bedroom Floor Plan B12BR,1BA$1,556
Cardinal SquareStudio, 1 BathStudio,1BA$1,575
Pebbleshire ApartmentsOne Bedroom- Laminate1BR,1BA$1,600
Arrowhead ApartmentsA21BR,1BA$1,630

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

As of March 23, 2026 the best value apartment in the Forest Lake area is the $1.95 price per square foot 2BR/2.0BA Model at Morris Station in the in the Central Vernon Hills neighborhood starting from $2,645. The second greatest value Forest Lake apartment is the D1 - 3 Bed, 2 Bath Model at Albion on Lake Cook starting at $2,432 with a $1.81 price per square foot in the Cherrybrook Village 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.
Morris Station2BR/2.0BA2BR,2BA$1.95
Albion on Lake CookD1 - 3 Bed, 2 Bath3BR,2BA$1.81
The Landing at Town Center2 Bed 1 Bath B Renovated*2BR,1BA$2.24
Park Butterfield Apartments2 Bedroom Floor Plan B22BR,2BA$1.63
The Landings of Lake Zurich1 Bdrm/1 Bath1BR,1BA$2.08
Clover Ridge East ApartmentsAshbury1BR,1BA$2.14
Heritage Green Apartments1 BR/1BA1BR,1BA$1.70
Arbor Lakes1 Bedroom Floor Plan A11BR,1BA$2.19
Pebbleshire ApartmentsOne Bedroom- Laminate1BR,1BA$2.24
The Clayson1 Bedroom1BR,1BA$2.10

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 Lakeside Village Apartments listed at $1,250.

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

The lowest price for a Cheap One Bedroom Forest Lake Apartment is $1,275 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 $1,556 at Park Butterfield 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 $2,432.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.