Cheap Apartments for Rent in Forest Lake, MN from $1,000 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in Forest Lake.

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Seven Pines Apartments
$1,288 - $1,513
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,269 - $1,494
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Seven Pines Apartments

1243 11th Ave SWForest Lake, MN 55025
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  • Customer Reviewed
  • Utilities Included
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Encore Apartments
$1,399 - $2,062
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,387 - $2,050
Required Monthly Fees
$12

Total Monthly Price
$1,399 - $2,062
Studio to 3 Bedroom Apartments Available Now

Encore Apartments

1081 SW Fourth StForest Lake, MN 55025
Corporate Housing
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  • Utilities Included
  • 3D Tour
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Gateway Green Apartments
$1,458 - $1,955
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,446 - $1,943
Required Monthly Fees
$12

Total Monthly Price
$1,458 - $1,955
1 to 3 Bedroom Apartments Available May 11

Gateway Green Apartments

4626 Wyngate BlvdForest Lake, MN 55025
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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
$1,465 - $1,778
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,453 - $1,766
Required Monthly Fees
$12

Total Monthly Price
$1,465 - $1,778
1 to 3 Bedroom Apartments Available Now

Legacy Pointe Apartments

290 9th Ave SWForest Lake, MN 55025
Student Housing
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  • Customer Reviewed
  • Utilities Included
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Springwood Apartments
$1,571 - $1,824
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,559 - $1,812
Required Monthly Fees
$12

Total Monthly Price
$1,571 - $1,824
3 Bedroom Apartments Available May 4

Springwood Apartments

912 4th St SWForest Lake, MN 55025
Student Housing
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  • Customer Reviewed
  • Utilities Included
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Greystone Apartments
$1,596 - $1,666
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,584 - $1,654
Required Monthly Fees
$12

Total Monthly Price
$1,596 - $1,666
3 Bedroom Apartments Available Now

Greystone Apartments

655 12th St SWForest Lake, MN 55025
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  • Customer Reviewed
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Forest Creek Estates
Rent Specials
$1,625 - $2,075
Total Monthly Price

Total Monthly Price

Base Rent
$1,625 - $2,075

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Forest Creek Estates

19948 Headwaters Blvd NForest Lake, MN 55025
Family Friendly
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  • Utilities Included
  • 3D Tour
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Mill Pond Apartments
$1,710 - $1,831
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,698 - $1,819
Required Monthly Fees
$12

Total Monthly Price
$1,710 - $1,831
2 to 3 Bedroom Apartments Available Now

Mill Pond Apartments

525 4th St SWForest Lake, MN 55025
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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956 Place Apartments
1 to 2 Bedroom Apartments

956 Place Apartments

956 12th St SWForest Lake, MN 55025
  • Utilities Included
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Forest Oak Apartments
2 to 3 Bedroom Apartments

Forest Oak Apartments

19830 Forest RdForest Lake, MN 55025
  • Utilities Included
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Headwaters Landing
1 to 3 Bedroom Apartments

Headwaters Landing

20041 Fitzgerald Trl NForest Lake, MN 55025
  • Utilities Included
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Alpine Apartments
1 to 2 Bedroom Apartments

Alpine Apartments

231 4th Ave NWForest Lake, MN 55025

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.

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Forest Ridge Townhomes
2 to 3 Bedroom Apartments

Forest Ridge Townhomes

1246 4th St SEForest Lake, MN 55025
  • Utilities Included
property at 779 9th St SE

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

3 Bedroom, 2 Bath Home for Rent

Available Now

779 9th St SE

Forest LakeMN55025
property at 130 Demont Ave

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

Studio, 1 Bath Townhome for Rent

Available Now

130 Demont Ave

Little CanadaMN55117
property at 137 Skyline Dr

$1,190

Total Monthly Price

Total Monthly Price

Base Rent
$1,190

Total Monthly Price
$1,190

3 Bedroom, 2 Bath Home for Rent

Available Now

137 Skyline Dr

St. PaulMN55127
property at 8956 Griggs Ave

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375

Total Monthly Price
$1,375

2 Bedroom, 1 Bath Townhome for Rent

Available Now

8956 Griggs Ave

Circle PinesMN55014
property at 11418 5th Pl NE

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

3 Bedroom, 2 Bath Home for Rent

Available Now

11418 5th Pl NE

BlaineMN55434
property at 163 Skyline Dr

$1,950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

3 Bedroom, 2 Bath Home for Rent

Available Now

163 Skyline Dr

St. PaulMN55127

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.

property at 165 Skyline Dr

$1,950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

3 Bedroom, 2 Bath Home for Rent

Available Now

165 Skyline Dr

St. PaulMN55127
property at 125 113th Square NE

$1,990

Total Monthly Price

Total Monthly Price

Base Rent
$1,990

Total Monthly Price
$1,990

3 Bedroom, 2 Bath Home for Rent

Available Now

125 113th Square NE

BlaineMN55434
property at 11514 Baltimore St NE

$2,045

Total Monthly Price

Total Monthly Price

Base Rent
$2,045

Total Monthly Price
$2,045

2 Bedroom, 2 Bath Home for Rent

Available Jul 1

Forest Lake, MN Local Guide

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 ListingModel NameBed/BathPriced From
Arbor View ApartmentsStudio 6-01Studio,1BA$1,070
844 4th St SW1 bedroom1BR,1BA$1,100
Forest Lake NorthShore Apartments LLC (1167)1BR/1.0BA1BR,1BA$1,195
Forest Park II Apartments LLC1BR/1.0BA1BR,1BA$1,395
Encore ApartmentsSkyeStudio,1BA$1,399
Westview ApartmentsTwo Bedroom One Bath H2BR,1BA$1,400
Seven Pines ApartmentsTwo Bedroom Split2BR,1BA$1,469
Fitzgerald FlatsThree Bedroom, Two Bedroom3BR,2BA$1,560
Lighthouse LoftsThe Bunkhouse1BR,1BA$1,571
Greystone ApartmentsTahoe3BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Gateway Green TownhomesSelma3BR,1.5BA$1.50
Fitzgerald FlatsThree Bedroom, Two Bedroom3BR,2BA$1.19
Birchview ApartmentsGeneva3BR,1BA$1.59
Legacy Pointe ApartmentsNapa3BR,1BA$1.69
Greystone ApartmentsTahoe3BR,1BA$1.56
Mill Pond ApartmentsSonoma2BR,1BA$1.75
Westview ApartmentsTwo Bedroom One Bath H2BR,1BA$1.45
Forest Park I Apartments2 Bedroom2BR,1BA$2.00
Seven Pines ApartmentsTwo Bedroom Corner A2BR,1BA$1.82
844 4th St SW1 bedroom1BR,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.

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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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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Forest Lake, MN Rentals by Map

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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

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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.

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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.

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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.

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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.