
Cheap Homes for Rent in Lake Forest, CA from $1,125 (23 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Forest.


23195 Mesto

161 Sweet Juniper

28425 Pueblo Dr

198 Billings

Furnished Studio-Orange County - Lake Forest

23232 Orange Ave, Unit 2
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.

25671 Le Parc, Unit 25671 Le Parc Lake Forest

Furnished Studio-Orange County - Irvine Spectrum

23236 Orange Ave, Unit 4

20702 El Toro Rd

19801 Meadow Ridge Dr

2233 Via Puerta, Unit N

46 Rainwood
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.

25661 Indian, Unit F

25661 Indian Hill Ln

25652 Rimgate Dr

26027 Serrano Ct, Unit 26027

23356 La Mar, Unit Apt C

25761 Le Parc

2131 Via Puerta, Unit F
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.

23236 Orange Ave

28436 Yosemite Dr
Lake Forest, CA Local Guide

How much does it cost to rent a home in Lake Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Forest 2 Bedroom Homes for Rent | $3,101 | $2,500 | $4,200 |
| Lake Forest 3 Bedroom Homes for Rent | $4,566 | $3,250 | $5,500 |
| Lake Forest 4 Bedroom Homes for Rent | $6,204 | $4,500 | $7,500 |
| Lake Forest 5 Bedroom Homes for Rent | $8,099 | $5,495 | $9,500 |
| Lake Forest 6 Bedroom Homes for Rent | $7,300 | $7,300 | $7,300 |
Browse Top Homes for Rent in Lake Forest
Explore Lake Forest
Lake Forest, CA Local Guide
- Lake Forest Neighborhoods
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Cheapest Neighborhoods for Apartments in Lake Forest, CA
Pricing Updated: 09/13/2026Current apartment rentals in the Lake Forest, CA area range in price from $2,150 to $6,505 with an overall median price of $2,959. Here is today’s list neighborhoods with the lowest median pricing for Lake Forest Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Rancho de los Alisos | $2,919 | $2,150 | 59 |
| Serrano Highlands | $2,933 | $2,150 | 53 |
| Pacific Commerce Center | $2,997 | $2,249 | 101 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Meridian at Laguna Hills - 55+ Active Adult Apartments | Villa - Studio | Studio,1BA | $1,950 |
| Arroyo at Baker Ranch | BR1 | 1BR,1BA | $2,007 |
| Saddleback Ranch Apartments | 1 Bed 1 Bath Up | 1BR,1BA | $2,150 |
| Alicia Village | Plan B | 1BR,1BA | $2,205 |
| Emerald Court Apartment Homes | Plan 1 | 1BR,1BA | $2,225 |
Best Value Apartments for Rent in Lake Forest, CA
As of September 13, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cortesia at Rancho Santa Margarita | Milan | 3BR,2BA | $2.67 |
| San Sebastian | 55+ Active Adult Apartments | 2x2 - Den - Small | 2BR,2BA | $2.74 |
| Ridgecrest Apartments | Plan B | 2BR,2BA | $3.05 |
| Arroyo at Baker Ranch | BR2 | 2BR,1BA | $2.45 |
| Los Alisos at Mission Viejo | Two Bedroom B2B | 2BR,2BA | $3.26 |
| Saddleback Ranch Apartments | 1 Bed 1 Bath Down | 1BR,1BA | $3.01 |
| Timbers Apartments, El Toro | 1 Bedroom 1 Bath | 1BR,1BA | $3.23 |
| Trabuco Woods Apartment Homes | 1 Bed 1 Bath | 1BR,1BA | $3.25 |
| SYCAMORE LANE APARTMENT HOMES | Agave | 1BR,1BA | $3.33 |
| Siena Terrace | Naples | 1BR,1BA | $3.30 |
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 ArticleNavigating 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.
Read ArticleReal 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.
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.
Lake Forest, CAPopulation: 85,623
Ranked #391
in US Census Population by City
Best Local Schools in Lake Forest, CA
El Toro High School
Serrano Intermediate
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Forest, CA Rentals by Map
See the most popular apartments and homes in Lake Forest, CA
Frequently Asked Questions about Lake Forest
What type of rentals are currently available in Lake Forest?
There are currently 145 Apartments for Rent in Lake Forest, CA with pricing that ranges from $2,150 to $7,035. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,125 to $9,500.
What is the current price range for Rental Homes in Lake Forest?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Forest ranges from $1,125 to $9,500 with an average monthly rent of $4,386.
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

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.

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.

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.

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.