Cheap Apartments for Rent in Lake Forest, CA from $1,200 (37 Rentals)

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

property at 23941 Landisview Ave

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250
Total Monthly Price
$2,250

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

23941 Landisview Ave

Lake ForestCA92630

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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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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property at 133 Lomita

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500
Total Monthly Price
$2,500

4 Bedroom, 3 Bath Home for Rent

Available Now

133 Lomita

IrvineCA92618
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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 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
property at 2238 Via Puerta

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500
Total Monthly Price
$2,500

2 Bedroom, 1 Bath Condo for Rent

Available Now

2238 Via Puerta, Unit E

2238 Via Puerta
Laguna WoodsCA92637
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Madrid
1 to 3 Bedroom Apartments

Madrid

28401 Los Alisos BlvdMission Viejo, CA 92692

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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Showing Results 1-37, Page 1 of 1

Lake Forest, CA Local Guide

Cheapest Neighborhoods for Apartments in Lake Forest, CA

Pricing Updated: 07/27/2026

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$4,450$2,22051
Serrano Highlands$4,827$2,18830
Rancho de los Alisos$4,957$2,18834

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. Cortesia at Rancho Santa Margarita in the Mission Viejo Central neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,157. 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
Cortesia at Rancho Santa MargaritaSiena1BR,1BA$2,157
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$2,188
Westridge Apartment HomesSu Casa1BR,1BA$2,220
Los Alisos at Mission ViejoOne Bedroom A1B1BR,1BA$2,311
eaves Lake ForestA11BR,1BA$2,315
Emerald Court Apartment HomesPlan 21BR,1BA$2,325
Vista Del LagoCosta1BR,1BA$2,416
The Village at Irvine SpectrumCambria - Plan 1Studio,1BA$2,425
154 Canyon Woods Apartments1 Bedroom / 1 Bath1BR,1BA$2,425

Best Value Apartments for Rent in Lake Forest, CA

As of July 27, 2026 the best value apartment in the Lake Forest area is the $3.02 price per square foot 2x2 Model at San Sebastian in the in the Nellie Gail Ranch neighborhood starting from $3,305. The second greatest value Lake Forest apartment is the Plan B Model at Ridgecrest Apartments starting at $3,096 with a $2.95 price per square foot in the Mission Viejo Central 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.
San Sebastian2x22BR,2BA$3.02
Ridgecrest ApartmentsPlan B2BR,2BA$2.95
Spring Lakes Apartment HomesPlan D2BR,2BA$3.00
Sonterra at Foothill RanchHeather2BR,2BA$3.14
Alicia VillagePlan D2BR,1BA$3.08
154 Canyon Woods Apartments1 Bedroom / 1 Bath1BR,1BA$3.11
Timbers Apartments, El Toro1 Bedroom 1 Bath1BR,1BA$3.30
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$2.92
eaves Lake ForestA11BR,1BA$3.19
Westridge Apartment HomesSu Casa1BR,1BA$3.17

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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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 $2,157 at Cortesia at Rancho Santa Margarita.

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 $2,775 at Alicia Village.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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.