
Cheap Apartments for Rent in Forest Lake, MN from $1,000 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Forest Lake.


Arbor View Apartments

844 4th St SW

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924 4th St SW, Unit 205, Unit 205

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Seven Pines Apartments

Timber Ridge

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Encore Apartments

Westview Apartments

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Gateway Green Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Legacy Pointe Apartments

Lighthouse Lofts

Fitzgerald Flats

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Springwood Apartments

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Greystone Apartments

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Forest Creek Estates

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Birchview Apartments

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Mill Pond Apartments

Arbor Ridge Luxury Apartments
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.

Timber Ridge North & South Buildings

Forest Lake NorthShore Apartments LLC (1167)

956 Place Apartments

Forest Oak Apartments

Headwaters Landing

Alpine Apartments

Forest Park II Apartments LLC

Forest Park I Apartments

Heritage Heights Apartments
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.

Forest Ridge Townhomes

779 9th St SE

Gateway Green Townhomes

130 Demont Ave

137 Skyline Dr

8956 Griggs Ave

206 2nd Ave

11418 5th Pl NE

163 Skyline Dr
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.

165 Skyline Dr

125 113th Square NE

11514 Baltimore St NE
Forest Lake, MN Local Guide

How much does it cost to rent an apartment in Forest Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Forest Lake Studio Apartments | $1,233 | $1,025 | $1,399 |
| Forest Lake 1 Bedroom Apartments | $1,398 | $1,020 | $1,686 |
| Forest Lake 2 Bedroom Apartments | $1,678 | $1,140 | $2,075 |
| Forest Lake 3 Bedroom Apartments | $1,720 | $1,260 | $2,440 |
Browse Top Apartments in Forest Lake
See all Apartments in Forest LakeExplore Forest Lake
Forest Lake, MN Local Guide
- Nearby Cities
- ZIP codes
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Cheapest Available Forest Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Forest Lake, MN is a Studio unit found at Arbor View Apartments in the Washington Far Eastern Suburbs neighborhood priced from $1,070. 844 4th St SW in the Washington Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Forest Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arbor View Apartments | Studio 6-01 | Studio,1BA | $1,070 |
| 844 4th St SW | 1 bedroom | 1BR,1BA | $1,100 |
| Forest Lake NorthShore Apartments LLC (1167) | 1BR/1.0BA | 1BR,1BA | $1,195 |
| Forest Park II Apartments LLC | 1BR/1.0BA | 1BR,1BA | $1,395 |
| Encore Apartments | Skye | Studio,1BA | $1,399 |
| Westview Apartments | Two Bedroom One Bath H | 2BR,1BA | $1,400 |
| Seven Pines Apartments | Two Bedroom Split | 2BR,1BA | $1,469 |
| Fitzgerald Flats | Three Bedroom, Two Bedroom | 3BR,2BA | $1,560 |
| Lighthouse Lofts | The Bunkhouse | 1BR,1BA | $1,571 |
| Greystone Apartments | Tahoe | 3BR,1BA | $1,596 |
Best Value Apartments for Rent in Forest Lake, MN and Nearby
As of April 23, 2026 the best value apartment in the Forest Lake area is the $1.50 price per square foot Selma Model at Gateway Green Townhomes in the in the Washington Far Eastern Suburbs neighborhood starting from $2,245. The second greatest value Forest Lake apartment is the Three Bedroom, Two Bedroom Model at Fitzgerald Flats starting at $1,560 with a $1.19 price per square foot in the Washington Far Eastern Suburbs 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. |
|---|---|---|---|
| Gateway Green Townhomes | Selma | 3BR,1.5BA | $1.50 |
| Fitzgerald Flats | Three Bedroom, Two Bedroom | 3BR,2BA | $1.19 |
| Birchview Apartments | Geneva | 3BR,1BA | $1.59 |
| Legacy Pointe Apartments | Napa | 3BR,1BA | $1.69 |
| Greystone Apartments | Tahoe | 3BR,1BA | $1.56 |
| Mill Pond Apartments | Sonoma | 2BR,1BA | $1.75 |
| Westview Apartments | Two Bedroom One Bath H | 2BR,1BA | $1.45 |
| Forest Park I Apartments | 2 Bedroom | 2BR,1BA | $2.00 |
| Seven Pines Apartments | Two Bedroom Corner A | 2BR,1BA | $1.82 |
| 844 4th St SW | 1 bedroom | 1BR,1BA | $1.75 |
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.
Read ArticleDon'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 ArticleThe 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.
Best Local Schools in Forest Lake, MN
Forest Lake Senior High School
Forest Lake Area Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Forest Lake, MN Rentals by Map
See the most popular apartments and homes in Forest Lake, MN
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 Arbor View Apartments listed at $1,070.
How much is rent for a Cheap One Bedroom Forest Lake Apartment?
The lowest price for a Cheap One Bedroom Forest Lake Apartment is $1,100 at 844 4th St SW.
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 $1,300 at 844 4th St SW.
What is the most affordable Forest Lake Three Bedroom Apartment?
The best deal on a cheap Forest Lake Three Bedroom Apartment rental is at Fitzgerald Flats and starts from $1,560.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.