2407 Randall Ln
Arlington HeightsIL60004
Cheap Homes for Rent in Forest Lake, IL from $1,500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Forest Lake.
236 Robert Parker Coffin Rd
Long GroveIL60047
1349 Orleans Dr
MundeleinIL60060
274 W Ct of Shorewood
Vernon HillsIL60061
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.
209 W Ct of Shorewood
Vernon HillsIL60061
728 N Diamond Lake Rd
MundeleinIL60060
755 N Diamond Lake Rd
MundeleinIL60060
760 E Whispering Oaks Dr
PalatineIL60074
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.
Showing Results 1-8, 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 | $2,115 | $1,550 | $2,400 |
| Forest Lake 3 Bedroom Homes for Rent | $3,028 | $2,300 | $4,000 |
| Forest Lake 4 Bedroom Homes for Rent | $4,144 | $2,739 | $8,400 |
| Forest Lake 5 Bedroom Homes for Rent | $5,349 | $4,199 | $6,500 |
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 1 Bed unit found at Heritage Green Apartments in the Central Vernon Hills neighborhood priced from $1,275. Park Butterfield Apartments in the South Vernon Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,367. Here is today’s list of the most affordable Forest Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1,275 |
| Park Butterfield Apartments | Studio Floor Plan S1 | Studio,1BA | $1,367 |
| Albion on Northwest | Oak (A) 1 Bedroom Apartment | 1BR,1BA | $1,516 |
Best Value Apartments for Rent in Forest Lake, IL and Nearby
As of March 02, 2026 the best value apartment in the Forest Lake area is the $1.81 price per square foot D1 - 3 Bed, 2 Bath Model at Albion on Lake Cook in the in the Cherrybrook Village neighborhood starting from $2,432. The second greatest value Forest Lake apartment is the 2BR/1.0BA Model at Morris Station starting at $2,215 with a $2.11 price per square foot in the Central Vernon Hills 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 | D1 - 3 Bed, 2 Bath | 3BR,2BA | $1.81 |
| Morris Station | 2BR/1.0BA | 2BR,1BA | $2.11 |
| The Clayson | 2 Bedrooms | 2BR,1BA | $1.87 |
| The Gates of Deer Grove Apartment Homes | Two Bedroom- 875 sqft | 2BR,1BA | $2.23 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $2.12 |
| Williams Reserve | Mulberry | 1BR,1BA | $2.25 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 760 SQ FT - RENOVATED | 1BR,1BA | $2.02 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.70 |
| Arbor Lakes | 1 Bedroom Floor Plan A1 | 1BR,1BA | $2.24 |
| Pebbleshire Apartments | One Bedroom- Laminate | 1BR,1BA | $2.24 |
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.
Read Article
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.
Read ArticleCash 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.
Read ArticleQuick 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 48 Apartments for Rent in Forest Lake, IL with pricing that ranges from $1,250 to $16,202. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Lake ranging from $1,550 to $8,400.
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 $1,550 to $8,400 with an average monthly rent of $3,389.
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
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.
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.
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.
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.