
Cheap Apartments for Rent in Forest Lake, MN from $900 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in Forest Lake.


Autumn Hills Apartments

Forest Parks II Apartments

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956 Place Apartments

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Alpine Apartments

Arbor Ridge Luxury Apartments

Westview Apartments

Timber Ridge
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.

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Gateway Green Apartments

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Legacy Pointe Apartments

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Encore Apartments

Fitzgerald Flats

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Springwood Apartments

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Forest Creek Estates

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Greystone Apartments

Lighthouse Lofts
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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Mill Pond Apartments

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Birchview Apartments

Timber Ridge North & South Buildings

844 4th St SW

North Shore Apartments

Forest Oak Apartments

Headwaters Landing

Alpine Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Heritage Heights Apartments

Forest Park I Apartments

Forest Ridge Townhomes

601 Meadow Ln

50 115th Ln NE

2852 Brewers Ln

169 Skyline Dr

551 Meadow Ln
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.

137 Skyline Dr

560 Donegal Cir

15435 Foster Dr N

6909 Lakeview Dr

207 Primrose Ct

950 County Rd D E

1322 Cottage Dr

1243 Bergmann Dr
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.

4285 Evergreen Dr
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 | $989 | $981 | $1,025 |
| Forest Lake 1 Bedroom Apartments | $1,253 | $1,020 | $1,625 |
| Forest Lake 2 Bedroom Apartments | $1,578 | $1,140 | $2,494 |
| Forest Lake 3 Bedroom Apartments | $1,807 | $1,260 | $2,600 |
Browse Top Apartments in Forest Lake
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Forest Lake, MN Local Guide
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Cheapest Available Forest Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Forest Lake, MN is a 1 Bed unit found at Arbor View Apartments in the Washington Far Eastern Suburbs neighborhood priced from $1,099. 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 | One Bedroom 1-01 | 1BR,1BA | $1,099 |
| 956 Place Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,129 |
| Autumn Hills Apartments | Birch | 2BR,1BA | $1,140 |
| Westview Apartments | Two Bedroom H | 2BR,1BA | $1,299 |
| Alpine Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1,349 |
| Alpine Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1,353 |
| Fitzgerald Flats | Three Bedroom, Two Bedroom | 3BR,2BA | $1,560 |
| Springwood Apartments | Bellevue | 3BR,1BA | $1,595 |
| Heritage Heights Apartments | Geneva | 3BR,1BA | $1,617 |
| Forest Creek Estates | 1 Bedroom/1 Bath Apartment A | 1BR,1BA | $1,625 |
Best Value Apartments for Rent in Forest Lake, MN and Nearby
As of July 26, 2026 the best value apartment in the Forest Lake area is the $1.28 price per square foot Three Bedroom, Two Bedroom Model at Fitzgerald Flats in the in the Washington Far Eastern Suburbs neighborhood starting from $1,560. The second greatest value Forest Lake apartment is the Aspen Model at Timber Ridge starting at $2,056 with a $1.79 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. |
|---|---|---|---|
| Fitzgerald Flats | Three Bedroom, Two Bedroom | 3BR,2BA | $1.28 |
| Timber Ridge | Aspen | 2BR,2BA | $1.79 |
| Legacy Pointe Apartments | Laguna | 3BR,1BA | $1.56 |
| Heritage Heights Apartments | Auburn w/Den | 2BR,1BA | $1.72 |
| Springwood Apartments | Geneva | 3BR,1BA | $1.74 |
| Autumn Hills Apartments | Birch | 2BR,1BA | $1.14 |
| Westview Apartments | Two Bedroom + Den | 2BR,1BA | $1.56 |
| Alpine Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.76 |
| Alpine Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.76 |
| 956 Place Apartments | Updated 1 Bedroom 1 Bath | 1BR,1BA | $1.71 |
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 $1,099 at Arbor View 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

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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.