Cheap Homes for Rent in Lake Forest, CA from $1,300 (21 Rentals)

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Lake Forest, CA Local Guide

Cheapest Neighborhoods for Apartments in Lake Forest, CA

Pricing Updated: 11/09/2025

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$5,700$1,4005
Rancho de los Alisos$7,000$1,40024
Serrano Highlands$7,300$1,40034

Cheapest Available Lake Forest Apartments for Rent

 

The cheapest available apartment rental in Lake Forest, CA is a 1 Bed unit found at Saddleback Ranch Apartments in the Mission Viejo Central neighborhood priced from $1,949. The Meridian at Laguna Hills - 55+ Senior Apartments in the Nellie Gail Ranch neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,100. Here is today’s list of the most affordable Lake Forest apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$1,949
The Meridian at Laguna Hills - 55+ Senior ApartmentsVilla - StudioStudio,1BA$2,100
Emerald Court Apartment HomesPlan 11BR,1BA$2,155
Westridge Apartment HomesNavahoStudio,1BA$2,190
Trabuco Woods Apartment Homes1 Bed 1 Bath1BR,1BA$2,195

Best Value Apartments for Rent in Lake Forest, CA

As of November 09, 2025 the best value apartment in the Lake Forest area is the $3.05 price per square foot 2 Bed 2 Bath Down Model at Saddleback Ranch Apartments in the in the Mission Viejo Central neighborhood starting from $3,429. The second greatest value Lake Forest apartment is the 2 Bed 2 Bath (1st floor) Model at Trabuco Villas starting at $3,459 with a $3.14 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.
Saddleback Ranch Apartments2 Bed 2 Bath Down2BR,2BA$3.05
Trabuco Villas2 Bed 2 Bath (1st floor)2BR,2BA$3.14
River Oaks ApartmentsMOVE IN SPECIAL: FIRST 2 WEEKS FREE! Upgraded 2...2BR,2BA$3.12
Trabuco Woods Apartment Homes2 Bed 2 Bath2BR,2BA$3.32
Cortesia at Rancho Santa MargaritaVenice A21BR,1BA$2.89
Ridgecrest ApartmentsPlan A1BR,1BA$3.16
154 Canyon Woods Apartments1 Bedroom / 1 Bath1BR,1BA$3.04
Timbers Apartments, El Toro1 Bedroom 1 Bath1BR,1BA$3.18
eaves Lake ForestA11BR,1BA$3.16
Alicia PlazaPlan B1BR,1BA$3.16

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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 Lake Forest

What type of rentals are currently available in Lake Forest?

There are currently 139 Apartments for Rent in Lake Forest, CA with pricing that ranges from $1,949 to $7,285. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,300 to $15,000.

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 $1,300 to $15,000 with an average monthly rent of $4,927.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.