
Cheap Apartments for Rent in Forest Lake, MN from $1,000 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Forest Lake.


Arbor View Apartments

Total Monthly Price
Alpine Apartments

Total Monthly Price
924 4th St SW, Unit 205

Total Monthly Price
Seven Pines Apartments

Total Monthly Price
Encore Apartments

Total Monthly Price
Kilkenny Court

Fitzgerald Flats
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.

Westview Apartments

Total Monthly Price
Gateway Green Apartments

Timber Ridge

Total Monthly Price
Greystone Apartments

Total Monthly Price
Springwood Apartments

Total Monthly Price
Forest Creek Estates

Total Monthly Price
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.

Forest Park II Apartments LLC

Total Monthly Price
Legacy Pointe Apartments

5142 207th St N

Timber Ridge North & South Buildings

844 4th St SW

956 Place Apartments

Forest Lake NorthShore Apartments LLC (1167)

Forest Oak Apartments
Cash 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.

Headwaters Landing

Alpine Apartments

Heritage Heights Apartments

Forest Park I Apartments

Forest Ridge Townhomes

5428 260th St

8956 Griggs Ave

137 Skyline Dr
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.

4140 Rice St

11514 Baltimore St NE

939 Sherwood Rd

5494 Erickson Rd

6909 Lakeview Dr

12210 Urbank St NE

3049 Chamberlain St

1909 Bluestem Ln
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.

2345 County

1509 111th Dr 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 | $1,104 | $1,025 | $1,267 |
| Forest Lake 1 Bedroom Apartments | $1,369 | $1,020 | $1,658 |
| Forest Lake 2 Bedroom Apartments | $1,667 | $1,140 | $2,167 |
| Forest Lake 3 Bedroom Apartments | $1,787 | $1,260 | $2,614 |
Browse Top Apartments in Forest Lake
See all Apartments in Forest LakeExplore Forest Lake
Forest Lake, MN 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, MN is a Studio unit found at Arbor View Apartments in the Washington Far Eastern Suburbs neighborhood priced from $1,025. 956 Place Apartments in the Washington Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,129. 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 | Efficiency 4-01 | Studio,1BA | $1,025 |
| 956 Place Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,129 |
| Autumn Hills Apartments | Birch | 2BR,1BA | $1,140 |
| Seven Pines Apartments | One Bedroom | 1BR,1BA | $1,238 |
| Encore Apartments | Skye | Studio,1BA | $1,249 |
| Kilkenny Court | One Bedroom 1A | 1BR,1BA | $1,270 |
| Alpine Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1,349 |
| Fitzgerald Flats | Two Bedroom | 2BR,1BA | $1,350 |
| Westview Apartments | Two Bedroom One Bath H | 2BR,1BA | $1,400 |
Best Value Apartments for Rent in Forest Lake, MN and Nearby
As of June 08, 2026 the best value apartment in the Forest Lake area is the $1.74 price per square foot Geneva Model at Springwood Apartments in the in the Washington Far Eastern Suburbs neighborhood starting from $1,824. The second greatest value Forest Lake apartment is the Lynford Model at Gateway Green Apartments starting at $1,857 with a $1.80 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. |
|---|---|---|---|
| Springwood Apartments | Geneva | 3BR,1BA | $1.74 |
| Gateway Green Apartments | Lynford | 2BR,2BA | $1.80 |
| Greystone Apartments | Tahoe | 3BR,1BA | $1.56 |
| Mill Pond Apartments | Sonoma | 2BR,1BA | $1.75 |
| Autumn Hills Apartments | Birch | 2BR,1BA | $1.14 |
| Westview Apartments | Two Bedroom One Bath H | 2BR,1BA | $1.45 |
| Fitzgerald Flats | Two Bedroom | 2BR,1BA | $1.45 |
| Alpine Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.76 |
| 924 4th St SW, Unit 205 | 924 4th St SW | 2BR,1BA | $1.74 |
| 956 Place Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.61 |
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 ArticleReal 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.
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
How much is rent for a Cheap One Bedroom Forest Lake Apartment?
The lowest price for a Cheap One Bedroom Forest Lake Apartment is $1,129 at 956 Place Apartments.
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 $1,140 at Autumn Hills Apartments.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.