Cheap Apartments for Rent in Lake Forest, CA from $1,200 (46 Rentals)

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

property at 25671 Le Parc

$2,600

Total Monthly Price

Total Monthly Price

Base Rent
$2,600
Total Monthly Price
$2,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

25671 Le Parc, Unit #57

25671 Le Parc
Lake ForestCA92630

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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Forest Glen
1 to 2 Bedroom Apartments

Forest Glen

25092 Farthing StLake Forest, CA 92630
property at 23232 Orange Ave

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300
Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

23232 Orange Ave, Unit 2

23232 Orange Ave
Lake ForestCA92630

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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Trabuco Villas
1 to 2 Bedroom Apartments

Trabuco Villas

25381 Mosswood WayLake Forest, CA 92630

Cash 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.

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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.

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Anton Portola
1 to 2 Bedroom Apartments

Anton Portola

100 FountainheadIrvine, CA 92618
  • Utilities Included
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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 Plaza
1 to 2 Bedroom Apartments

Alicia Plaza

25212 Stockport StLaguna 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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Madrid
1 to 3 Bedroom Apartments

Madrid

28401 Los Alisos BlvdMission Viejo, CA 92692

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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property at 2293 Via Puerta

$3,100

Total Monthly Price

Total Monthly Price

Base Rent
$3,100
Total Monthly Price
$3,100

2 Bedroom, 2 Bath Condo for Rent

Available Now

2293 Via Puerta, Unit O

2293 Via Puerta
Laguna WoodsCA92637
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Lake Forest, CA Local Guide

Cheapest Neighborhoods for Apartments in Lake Forest, CA

Pricing Updated: 06/11/2026

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

NeighborhoodMedian PriceMin PriceAvailable Units
Pacific Commerce Center$5,245$2,23056
Serrano Highlands$5,245$2,09129
Rancho de los Alisos$5,715$2,09131

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 $1,895. Saddleback Ranch Apartments in the Mission Viejo Central neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,070. 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$1,895
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$2,070
Spring Lakes Apartment HomesPlan B1BR,1BA$2,275
Emerald Court Apartment HomesPlan 11BR,1BA$2,310
Alicia PlazaPlan B1BR,1BA$2,375
Los Alisos at Mission ViejoOne Bedroom A1B1BR,1BA$2,409
Alicia VillagePlan B1BR,1BA$2,425
Westridge Apartment HomesSu Casa1BR,1BA$2,445
Timbers Apartments, El Toro1 Bedroom 1 Bath1BR,1BA$2,465
Sonterra at Foothill RanchJasmine1BR,1BA$2,495

Best Value Apartments for Rent in Lake Forest, CA

As of June 11, 2026 the best value apartment in the Lake Forest area is the $2.92 price per square foot Lourdes Model at Bellecour Way Apartment Homes in the in the Mission Viejo North neighborhood starting from $3,670. The second greatest value Lake Forest apartment is the 2x2 Model at San Sebastian starting at $3,305 with a $3.02 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.
Bellecour Way Apartment HomesLourdes2BR,2.5BA$2.92
San Sebastian2x22BR,2BA$3.02
Trabuco Woods Apartment Homes2 Bed 2 Bath2BR,2BA$3.16
Siena TerraceCorsica2BR,2BA$3.26
Cortesia at Rancho Santa MargaritaVenice1BR,1BA$3.06
Ridgecrest ApartmentsPlan A1BR,1BA$3.27
Saddleback Ranch Apartments1 Bed 1 Bath Down1BR,1BA$3.05
SERRANO HIGHLANDS APARTMENT HOMESMonterey1BR,1.2BA$3.43
Timbers Apartments, El Toro1 Bedroom 1 Bath1BR,1BA$3.24
Alicia PlazaPlan B1BR,1BA$3.37

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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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 $1,895.

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

The lowest price for a Cheap One Bedroom Lake Forest Apartment is $2,091 at Saddleback Ranch Apartments.

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 $2,455 at Saddleback Ranch Apartments.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.