2420 Randall Ln
Arlington HeightsIL60004
Cheap Homes for Rent near Forest Lake, IL from $1,350 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Forest Lake.
2024 N Rand Rd
PalatineIL60074
2038 N Rand Rd
PalatineIL60074
323 Meadow Ct
Vernon HillsIL60061
755 N Diamond Lake Rd
MundeleinIL60060
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
132 Brookwood Ct
Vernon HillsIL60061
705 E Whispering Oaks Dr
PalatineIL60074
358 Farmingdale Cir
Vernon HillsIL60061
224 W Ct of Shorewood
Vernon HillsIL60061
301 Cherrywood Ct
Vernon HillsIL60061
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 | $2,180 | $1,800 | $2,600 |
| Forest Lake 3 Bedroom Homes for Rent | $3,117 | $2,200 | $3,900 |
| Forest Lake 4 Bedroom Homes for Rent | $5,127 | $3,350 | $8,500 |
| Forest Lake 5 Bedroom Homes for Rent | $6,295 | $5,600 | $6,990 |
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Forest Lake, IL Local Guide
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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 Wauconda Park Apartments in the Liberty Lakes - Freedom Series neighborhood priced from $1,300. Heritage Green Apartments in the Central Vernon Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,445. Here is today’s list of the most affordable Forest Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wauconda Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1,300 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1,445 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 710 SQ FT MID LEVEL | 1BR,1BA | $1,485 |
Best Value Apartments for Rent in Forest Lake, IL and Nearby
As of August 30, 2026 the best value apartment in the Forest Lake area is the $2.06 price per square foot Lancaster Townhome- Den Model at Deer Park Crossing Apartments in the in the Cherrybrook Village neighborhood starting from $4,319. The second greatest value Forest Lake apartment is the 2BR/2.0BA Model at Morris Station starting at $2,525 with a $1.86 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. |
|---|---|---|---|
| Deer Park Crossing Apartments | Lancaster Townhome- Den | 3BR,2.5BA | $2.06 |
| Morris Station | 2BR/2.0BA | 2BR,2BA | $1.86 |
| Eastbanks of Lake Zurich | 2/2 | 2BR,2BA | $1.91 |
| Albion on Lake Cook | A4 - 1 Bed + Den, 1.5 Bath | 1BR,1.5BA | $2.08 |
| Arrowhead Apartments | B2 | 2BR,1BA | $1.98 |
| Cardinal Square - Building C | 1 Bedroom, 1 Bath | 1BR,1BA | $2.20 |
| Heritage Green Apartments | 1 BR/1BA | 1BR,1BA | $1.93 |
| Arbor Lakes | 1 Bedroom Floor Plan A1 | 1BR,1BA | $2.13 |
| Lakeside Village Apartments | 1 BED / 1.0 BATH, 710 SQ FT MID LEVEL | 1BR,1BA | $2.09 |
| Wauconda Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $2.17 |
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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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 47 Apartments for Rent in Forest Lake, IL with pricing that ranges from $1,295 to $9,387. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Lake ranging from $1,350 to $8,500.
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 $1,350 to $8,500 with an average monthly rent of $3,427.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.