116 Skyline Dr
St. PaulMN55127
Cheap Homes for Rent in Forest Lake, MN from $1,700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Forest Lake.
601 Meadow Ln
SomersetWI54025
50 115th Ln NE
MinneapolisMN55434
11355 6th Pl NE
BlaineMN55434
169 Skyline Dr
St. PaulMN55127
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.
551 Meadow Ln
SomersetWI54025
197 Mayfair Rd
St. PaulMN55127
137 Skyline Dr
St. PaulMN55127
12210 Urbank St NE
BlaineMN55449
6909 Lakeview Dr
Lino LakesMN55014
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.
Showing Results 1-10, Page 1 of 1
Forest Lake, MN Local Guide
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 | $2,083 | $1,734 | $2,399 |
| Forest Lake 3 Bedroom Homes for Rent | $2,521 | $1,825 | $4,250 |
| Forest Lake 4 Bedroom Homes for Rent | $4,350 | $3,100 | $5,600 |
| Forest Lake 5 Bedroom Homes for Rent | $4,369 | $2,945 | $7,000 |
| Forest Lake 6 Bedroom Homes for Rent | $6,065 | $5,500 | $6,995 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 Studio unit found at Arbor View Apartments in the Washington Far Eastern Suburbs neighborhood priced from $940. 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 | $940 |
| 956 Place Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,129 |
| Seven Pines Apartments | One Bedroom | 1BR,1BA | $1,138 |
Best Value Apartments for Rent in Forest Lake, MN and Nearby
As of July 05, 2026 the best value apartment in the Forest Lake area is the $1.79 price per square foot Aspen Model at Timber Ridge in the in the Washington Far Eastern Suburbs neighborhood starting from $2,056. The second greatest value Forest Lake apartment is the Geneva Model at Springwood Apartments starting at $1,824 with a $1.74 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. |
|---|---|---|---|
| Timber Ridge | Aspen | 2BR,2BA | $1.79 |
| Springwood Apartments | Geneva | 3BR,1BA | $1.74 |
| Mill Pond Apartments | Astoria | 2BR,1BA | $1.66 |
| Heritage Heights Apartments | Geneva | 3BR,1BA | $1.56 |
| Greystone Apartments | Tahoe | 3BR,1BA | $1.56 |
| Autumn Hills Apartments | Birch | 2BR,1BA | $1.14 |
| Westview Apartments | Two Bedroom One Bath H | 2BR,1BA | $1.45 |
| Alpine Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.76 |
| 956 Place Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.61 |
| Seven Pines Apartments | One Bedroom | 1BR,1BA | $1.90 |
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 Article
Real 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.
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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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Best Local Schools in Forest Lake, MN
Forest Lake Senior High School
Forest Lake Public School District
Public School - Grades 9-12 (1876)
7 out of 10
Forest Lake Area Middle School
Forest Lake Public School District
Public School - Grades 6-8 (853)
7 out of 10
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 Forest Lake
What type of rentals are currently available in Forest Lake?
There are currently 42 Apartments for Rent in Forest Lake, MN with pricing that ranges from $940 to $2,495. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Lake ranging from $1,734 to $7,000.
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 $1,734 to $7,000 with an average monthly rent of $3,769.
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
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.
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.