Cheap Apartments for Rent in Lake Forest, CA from $2,150 (47 Rentals)

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

property at 23941 Landisview Ave
$1,125

Total Monthly Price

Base Rent$1,125
Total Monthly Price$1,125
1 Bedroom, 1 Bath Home for Rent
Available Now

23941 Landisview Ave

Lake ForestCA92630
property at 25671 Le Parc
$2,450

Total Monthly Price

Base Rent$2,450
Total Monthly Price$2,450
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

25671 Le Parc, Unit 25671 Le Parc Lake Forest

25671 Le Parc
Lake ForestCA92630
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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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property at 23236 Orange Ave
$2,495

Total Monthly Price

Base Rent$2,495
Total Monthly Price$2,495
1 Bedroom, 1 Bath Condo for Rent
Available Oct 1
Affordability

23236 Orange Ave, Unit 4

23236 Orange Ave
Lake ForestCA92630
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Forest Glen
1 to 2 Bedroom Apartments

Forest Glen

25092 Farthing StLake Forest, CA 92630

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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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.

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Anton Portola
1 to 2 Bedroom Apartments

Anton Portola

100 FountainheadIrvine, CA 92618
  • Utilities Included

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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Sofi Laguna Hills
1 to 2 Bedroom Apartments

Sofi Laguna Hills

24555 Los Alisos BlvdLaguna Hills, CA 92653
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Alicia Village
1 to 2 Bedroom Apartments

Alicia Village

25211 Stockport StLaguna Hills, CA 92653
Corporate Housing
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Alicia Plaza
1 to 2 Bedroom Apartments

Alicia Plaza

25212 Stockport StLaguna Hills, CA 92653

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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Madrid
1 to 3 Bedroom Apartments

Madrid

28401 Los Alisos BlvdMission Viejo, CA 92692
property at 2233 Via Puerta
$2,700

Total Monthly Price

Base Rent$2,700
Total Monthly Price$2,700
2 Bedroom, 1 Bath Condo for Rent
Available Now

2233 Via Puerta, Unit N

2233 Via Puerta
Laguna WoodsCA92637
Showing Results 1-47, Page 1 of 1

Lake Forest, CA Local Guide

Cheapest Neighborhoods for Apartments in Lake Forest, CA

Pricing Updated: 09/11/2026

Current apartment rentals in the Lake Forest, CA area range in price from $2,150 to $6,570 with an overall median price of $2,988. Here is today’s list neighborhoods with the lowest median pricing for Lake Forest Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Rancho de los Alisos$2,970$2,150100
Serrano Highlands$2,985$2,15091
Pacific Commerce Center$3,001$2,249167

Cheapest Available Lake Forest Apartments for Rent

 

The cheapest available apartment rental in Lake Forest, CA is a Studio unit found at The Meridian at Laguna Hills - 55+ Active Adult Apartments in the Nellie Gail Ranch neighborhood priced from $1,950. Arroyo at Baker Ranch in the Mission Viejo North neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,007. Here is today’s list of the most affordable Lake Forest apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Meridian at Laguna Hills - 55+ Active Adult ApartmentsVilla - StudioStudio,1BA$1,950
Arroyo at Baker RanchBR11BR,1BA$2,007
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$2,150
Emerald Court Apartment HomesPlan 11BR,1BA$2,275
Westridge Apartment HomesNavahoStudio,1BA$2,290
Alicia VillagePlan B1BR,1BA$2,300
Trabuco Woods Apartment Homes1 Bed 1 Bath1BR,1BA$2,340
SYCAMORE LANE APARTMENT HOMESAgave1BR,1BA$2,364
The Village at Irvine SpectrumDel Rey - Plan 104Studio,1BA$2,375
Alicia PlazaPlan B1BR,1BA$2,390

Best Value Apartments for Rent in Lake Forest, CA

As of September 11, 2026 the best value apartment in the Lake Forest area is the $2.67 price per square foot Milan Model at Cortesia at Rancho Santa Margarita in the in the Mission Viejo Central neighborhood starting from $3,709. The second greatest value Lake Forest apartment is the 2x2 - Den - Small Model at San Sebastian | 55+ Active Adult Apartments starting at $3,530 with a $2.74 price per square foot in the Nellie Gail Ranch neighborhood. Here is today’s list of the best values for Lake Forest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cortesia at Rancho Santa MargaritaMilan3BR,2BA$2.67
San Sebastian | 55+ Active Adult Apartments2x2 - Den - Small2BR,2BA$2.74
Ridgecrest ApartmentsPlan B2BR,2BA$3.05
Arroyo at Baker RanchBR22BR,1BA$2.45
Los Alisos at Mission ViejoTwo Bedroom B2B2BR,2BA$3.26
Saddleback Ranch Apartments1 Bed 1 Bath Down1BR,1BA$3.01
Timbers Apartments, El Toro1 Bedroom 1 Bath1BR,1BA$3.23
Trabuco Woods Apartment Homes1 Bed 1 Bath1BR,1BA$3.25
SYCAMORE LANE APARTMENT HOMESAgave1BR,1BA$3.28
Alicia PlazaPlan B1BR,1BA$3.39

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Lake Forest, CA
Population: 85,623

Ranked #391

in US Census Population by City

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Best Local Schools in
Lake Forest, CA

School data provided by Great Schools

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

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See the most popular apartments and homes in Lake Forest, CA

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Frequently Asked Questions about Cheap Lake Forest Apartments

What is the Cheapest Studio apartment in Lake Forest?

Currently the most affordable Cheap Studio Apartment in Lake Forest is at The Meridian at Laguna Hills - 55+ Active Adult Apartments listed at $1,950.

How much is rent for a Cheap One Bedroom Lake Forest Apartment?

The lowest price for a Cheap One Bedroom Lake Forest Apartment is $2,007 at Arroyo at Baker Ranch.

What is the lowest price for a Cheap Two Bedroom Lake Forest Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Forest is starting from $2,387 at Arroyo at Baker Ranch.

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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.