Cheap Homes for Rent in Lake Forest, CA from $1,300 (9 Rentals)

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

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Lake Forest, CA Local Guide

Cheapest Neighborhoods for Apartments in Lake Forest, CA

Pricing Updated: 06/10/2025

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$4,675$2,8504
Serrano Highlands$6,950$2,85010
Rancho de los Alisos$9,500$1,30011

Cheapest Available Lake Forest Apartments for Rent

 

The cheapest available apartment rental in Lake Forest, CA is a 2 Beds unit found at Arroyo at Baker Ranch in the Mission Viejo North neighborhood priced from $1,778. Saddleback Ranch Apartments in the Mission Viejo Central neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,993. Here is today’s list of the most affordable Lake Forest apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arroyo at Baker RanchBR22BR,1BA$1,778
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$1,993
The Meridian at Laguna Hills - 55+ Senior ApartmentsVilla - StudioStudio,1BA$1,995

Best Value Apartments for Rent in Lake Forest, CA

As of June 10, 2025 the best value apartment in the Lake Forest area is the $2.79 price per square foot 2 BDRM/1 BATH Model at Timbers Apartments, El Toro in the in the Acacia Knolls neighborhood starting from $2,855. The second greatest value Lake Forest apartment is the Heather Model at Sonterra at Foothill Ranch starting at $3,043 with a $3.04 price per square foot in the Pacific Commerce Center 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.
Timbers Apartments, El Toro2 BDRM/1 BATH2BR,1BA$2.79
Sonterra at Foothill RanchHeather2BR,2BA$3.04
Arroyo at Baker RanchBR22BR,1BA$1.82
River Oaks ApartmentsApt 572: $500 Off Move In Special Concession2BR,2BA$3.17
Siena TerracePortofino2BR,2BA$3.18
Cortesia at Rancho Santa MargaritaVenice A21BR,1BA$2.91
Saddleback Ranch Apartments1 Bed 1 Bath Down1BR,1BA$2.77
eaves Lake ForestA11BR,1BA$3.07
Trabuco Woods Apartment Homes1 Bed 1 Bath1BR,1BA$3.14
Alicia PlazaPlan B1BR,1BA$3.20

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Frequently Asked Questions about Lake Forest

What type of rentals are currently available in Lake Forest?

There are currently 142 Apartments for Rent in Lake Forest, CA with pricing that ranges from $1,300 to $13,300. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,300 to $12,000.

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 $12,000 with an average monthly rent of $4,385.

How much are larger Three and Four Bedroom Rentals in Lake Forest?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Forest range from $3,800 to $6,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $4,675. Four Bedroom Single-Family rentals are also available starting from $4,995 and Four Bedroom Apartments start at $4,250.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.