245 E Main St
Lake ZurichIL60047
Cheap Homes for Rent in Forest Lake, IL from $2,000 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Forest Lake.
728 N Diamond Lake Rd
MundeleinIL60060
323 Somerset Ln
Vernon HillsIL60061
21599 W Field Ct
Deer ParkIL60010
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.
915 S Ct of Shorewood
Vernon HillsIL60061
1077 Courtland Dr
Buffalo GroveIL60089
217 Wilton Ln
MundeleinIL60060
1361 Orleans Dr
MundeleinIL60060
23367 W Schwerman Rd
MundeleinIL60060
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.
1189 Regent Dr
MundeleinIL60060
1257 Orleans Dr
MundeleinIL60060
Showing Results 1-11, Page 1 of 1
Forest Lake, IL Local Guide
Corn at the farmers market by Gemma Billings is licensed under CC BY 2.0
How much does it cost to rent a home in Forest Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Forest Lake 2 Bedroom Homes for Rent | $2,322 | $2,000 | $2,700 |
| Forest Lake 3 Bedroom Homes for Rent | $3,140 | $2,200 | $3,800 |
| Forest Lake 4 Bedroom Homes for Rent | $3,666 | $2,575 | $4,390 |
| Forest Lake 5 Bedroom Homes for Rent | $7,500 | $7,500 | $7,500 |
Browse Top Homes for Rent in Forest Lake
Explore Forest Lake
Forest Lake, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Forest Lake Apartments for Rent and Nearby
The cheapest available apartment rental in Forest Lake, IL is a Studio unit found at Park Butterfield Apartments in the South Vernon Hills neighborhood priced from $1,363. Heritage Green Apartments in the Central Vernon Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,375. Here is today’s list of the most affordable Forest Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park Butterfield Apartments | Studio Floor Plan S1 | Studio,1BA | $1,363 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1,375 |
| Wauconda Park Apartments | 2 bed / 1 bath | 2BR,1BA | $1,500 |
| The Gates of Deer Grove Apartment Homes | Studio - 530 sqft | Studio,1BA | $1,585 |
| Arrowhead | Stream | 1BR,1BA | $1,628 |
Best Value Apartments for Rent in Forest Lake, IL and Nearby
As of August 17, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Albion on Lake Cook | Newly Renovated (D1r) | 3BR,2BA | $1.83 |
| Eastbanks of Lake Zurich | 2/2 | 2BR,2BA | $1.77 |
| Cardinal Square - Building D2 | CSD2 - x09 Tier | 2BR,2BA | $2.14 |
| The Clayson | 2 Bedrooms | 2BR,1BA | $1.84 |
| Lakeside Village Apartments | 2 BED / 1.5 BATH, 920 SQ FT - RENOVATED | 2BR,1.5BA | $1.95 |
| Albion on Northwest | Maple (Bs) | 2BR,1BA | $2.12 |
| Wauconda Park Apartments | 2 bed / 1 bath | 2BR,1BA | $1.67 |
| Pebbleshire Apartments | One Bedroom- Remodeled | 1BR,1BA | $2.20 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.83 |
| Arbor Lakes | 1 Bedroom Floor Plan A1 | 1BR,1BA | $2.22 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Forest Lake area?
If you’re an expert on all things Forest Lake, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Forest Lake, IL Rentals by Map
See the most popular apartments and homes in Forest Lake, IL
Frequently Asked Questions about Forest Lake
What type of rentals are currently available in Forest Lake?
There are currently 44 Apartments for Rent in Forest Lake, IL with pricing that ranges from $1,363 to $16,343. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Lake ranging from $2,000 to $7,500.
What is the current price range for Rental Homes in Forest Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Forest Lake ranges from $2,000 to $7,500 with an average monthly rent of $3,734.
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.
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.
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.
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.
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.