
Cheap Homes for Rent in Forest Lake, MN from $1,300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Forest Lake.


128 115th Ln NE

13758 Flay Ave N

153 1st St NE

2193 1st St
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.

12022 Vermillion St NE

708 10th Ave SE

6525 Appaloosa Ave N

179 Birchwood Ave

29622 Gateway Ave
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 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 | $2,474 | $2,099 | $3,305 |
| Forest Lake 3 Bedroom Homes for Rent | $2,846 | $1,300 | $4,250 |
| Forest Lake 4 Bedroom Homes for Rent | $3,300 | $2,295 | $4,400 |
| Forest Lake 5 Bedroom Homes for Rent | $3,849 | $2,595 | $5,000 |
Browse Top Homes for Rent 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 2 Beds unit found at Forest Park II Apartments LLC in the Washington Far Eastern Suburbs neighborhood priced from $1,150. Kilkenny Court in the Washington Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,216. Here is today’s list of the most affordable Forest Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forest Park II Apartments LLC | 2BR/1.0BA | 2BR,1BA | $1,150 |
| Kilkenny Court | One Bedroom 1A | 1BR,1BA | $1,216 |
| Arbor View Apartments | Studio 5-01 | 1BR,1BA | $1,240 |
Best Value Apartments for Rent in Forest Lake, MN and Nearby
As of January 01, 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 $2,246. The second greatest value Forest Lake apartment is the Auburn w/Den Model at Heritage Heights Apartments starting at $1,512 with a $1.40 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 |
| Heritage Heights Apartments | Auburn w/Den | 2BR,1BA | $1.40 |
| Springwood Apartments | Bellevue | 3BR,1BA | $1.46 |
| Mill Pond Apartments | Astoria | 2BR,1BA | $1.59 |
| Legacy Pointe Apartments | Napa | 3BR,1BA | $1.72 |
| Gateway Green Apartments | Lynford | 2BR,2BA | $1.70 |
| Greystone Apartments | Tahoe | 3BR,1BA | $1.38 |
| Westview Apartments | Two Bedroom One Bath H | 2BR,1BA | $1.45 |
| Lighthouse Lofts | The Duluth | 1BR,1BA | $1.69 |
| Forest Park II Apartments LLC | 2BR/1.0BA | 2BR,1BA | $1.35 |
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 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!
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Frequently Asked Questions about Forest Lake
What type of rentals are currently available in Forest Lake?
There are currently 43 Apartments for Rent in Forest Lake, MN with pricing that ranges from $995 to $2,104. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Lake ranging from $1,300 to $5,000.
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 $1,300 to $5,000 with an average monthly rent of $3,117.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!