17256 Kenyon St NE
Ham LakeMN55304
Cheap Homes for Rent in Forest Lake, MN from $1,400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Forest Lake.
10342 Lever St NE
Circle PinesMN55014
13758 Flay Ave N
HugoMN55038
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.
7557 Woods Edge Blvd
Circle PinesMN55014
2193 1st St
White Bear LakeMN55110
2408 121st Cir NE
BlaineMN55449
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.
5106 Farnham Dr N
HugoMN55038
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Forest Lake, MN Local Guide
Tree at Minnesota park by Tony Webster is licensed under CC BY 2.0
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 | $2,641 | $2,125 | $3,305 |
| Forest Lake 3 Bedroom Homes for Rent | $2,719 | $1,450 | $4,250 |
| Forest Lake 4 Bedroom Homes for Rent | $3,429 | $2,449 | $4,400 |
| Forest Lake 5 Bedroom Homes for Rent | $4,050 | $2,550 | $5,000 |
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 $1,030. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arbor View Apartments | Efficiency 1-01 | Studio,1BA | $1,030 |
| 844 4th St SW | 1 bedroom | 1BR,1BA | $1,100 |
| Alpine Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1,353 |
Best Value Apartments for Rent in Forest Lake, MN and Nearby
As of February 18, 2026 the best value apartment in the Forest Lake area is the $1.41 price per square foot Selma Model at Gateway Green Townhomes in the in the Washington Far Eastern Suburbs neighborhood starting from $2,119. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gateway Green Townhomes | Selma | 3BR,1.5BA | $1.41 |
| Fitzgerald Flats | Three Bedroom, Two Bedroom | 3BR,2BA | $1.19 |
| Lighthouse Lofts | The Mississippi | 2BR,2BA | $1.62 |
| Springwood Apartments | Bellevue | 3BR,1BA | $1.53 |
| Birchview Apartments | Geneva | 3BR,1BA | $1.51 |
| Legacy Pointe Apartments | Napa | 3BR,1BA | $1.71 |
| Gateway Green Apartments | Lynford | 2BR,2BA | $1.66 |
| Greystone Apartments | Tahoe | 3BR,1BA | $1.47 |
| Mill Pond Apartments | Sonoma | 2BR,1BA | $1.62 |
| Westview Apartments | Two Bedroom One Bath H | 2BR,1BA | $1.45 |
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
The 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
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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 7-8 (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 $1,020 to $3,258. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Lake ranging from $1,450 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 $1,450 to $5,000 with an average monthly rent of $3,209.
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
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.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.