820 N Lakeside Dr
Vernon HillsIL60061
Cheap Homes for Rent in Forest Lake, IL from $1,800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Forest Lake.
425 Fernwood Ct
Vernon HillsIL60061
315 Farmingdale Cir
Vernon HillsIL60061
728 N Diamond Lake Rd
MundeleinIL60060
755 N Diamond Lake Rd
MundeleinIL60060
27568 N Owens Rd
MundeleinIL60060
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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 | $2,241 | $1,850 | $3,100 |
| Forest Lake 3 Bedroom Homes for Rent | $3,441 | $2,800 | $5,000 |
| Forest Lake 4 Bedroom Homes for Rent | $3,742 | $3,200 | $4,900 |
| Forest Lake 5 Bedroom Homes for Rent | $5,600 | $5,600 | $5,600 |
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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 $1,200. Brockway Court Apartments in the Pleasant Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. 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 | $1,200 |
| Brockway Court Apartments | 1x1 | 1BR,1BA | $1,300 |
| Park Butterfield Apartments | 1 Bedroom Floor Plan A1 | 1BR,1BA | $1,475 |
Best Value Apartments for Rent in Forest Lake, IL and Nearby
As of June 26, 2025 the best value apartment in the Forest Lake area is the $1.82 price per square foot 2BR/2.0BA Model at Morris Station in the in the Central Vernon Hills neighborhood starting from $2,475. The second greatest value Forest Lake apartment is the Newly Renovated (D1r) Model at Albion on Lake Cook starting at $2,730 with a $2.04 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Morris Station | 2BR/2.0BA | 2BR,2BA | $1.82 |
| Albion on Lake Cook | Newly Renovated (D1r) | 3BR,2BA | $2.04 |
| Eastbanks of Lake Zurich | 2/2 | 2BR,2BA | $1.77 |
| 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 |
| Wauconda Park Apartments | 2 bed / 1 bath | 2BR,1BA | $1.83 |
| Clover Ridge East Apartments | Ashbury | 1BR,1BA | $2.18 |
| Williams Reserve | Mulberry | 1BR,1BA | $2.17 |
| Park Butterfield Apartments | 1 Bedroom Floor Plan A1 | 1BR,1BA | $1.97 |
| Brockway Court Apartments | 1x1 | 1BR,1BA | $1.86 |
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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 $1,195 to $16,077. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Lake ranging from $1,850 to $5,600.
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 $1,850 to $5,600 with an average monthly rent of $3,445.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.