
Cheap Homes for Rent in Lake Forest, CA from $1,300 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Forest.


19431 Rue de Valore, Unit 50a

21496 Firwood

169 Avenida Majorca

23195 Mesto

22482 Lake Forest Ln

Furnished Studio-Orange County - Lake Forest
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.

Furnished Studio-Orange County - Irvine Spectrum

23244 Orange Ave, Unit 1

23341 La Crescenta

23341 La Crescenta

20702 El Toro Rd

2370 Via Mariposa W

22352 Caminito Arroyo Seco
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.
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 | $3,638 | $2,750 | $5,995 |
| Lake Forest 3 Bedroom Homes for Rent | $4,408 | $1,350 | $6,200 |
| Lake Forest 4 Bedroom Homes for Rent | $5,885 | $4,800 | $8,000 |
| Lake Forest 5 Bedroom Homes for Rent | $7,720 | $5,300 | $10,000+ |
Browse Top Homes for Rent in Lake Forest
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Lake Forest, CA Local Guide
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Cheapest Neighborhoods for Apartments in Lake Forest, CA
Pricing Updated: 01/10/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Pacific Commerce Center | $5,200 | $1,300 | 4 |
| Rancho de los Alisos | $5,850 | $1,300 | 19 |
| Serrano Highlands | $10,000 | $1,300 | 19 |
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. Saddleback Ranch Apartments in the Mission Viejo Central neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,052. 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 |
| Saddleback Ranch Apartments | 1 Bed 1 Bath Down | 1BR,1BA | $2,052 |
| Emerald Court Apartment Homes | Plan 2 | 1BR,1BA | $2,170 |
| eaves Lake Forest | A1 | 1BR,1BA | $2,195 |
| Alicia Plaza | Plan B | 1BR,1BA | $2,225 |
Best Value Apartments for Rent in Lake Forest, CA
As of January 10, 2026 the best value apartment in the Lake Forest area is the $2.94 price per square foot 2 Bed 2 Bathroom Model at Cedar Glen in the in the Mission Viejo Central neighborhood starting from $3,500. The second greatest value Lake Forest apartment is the 2 Bed 2 Bath Down Model at Saddleback Ranch Apartments starting at $3,241 with a $2.88 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cedar Glen | 2 Bed 2 Bathroom | 2BR,1BA | $2.94 |
| Saddleback Ranch Apartments | 2 Bed 2 Bath Down | 2BR,2BA | $2.88 |
| Trabuco Villas | Plan 2A | 2BR,2BA | $3.19 |
| Ridgecrest Apartments | Plan B | 2BR,2BA | $2.90 |
| Villa Solana | Vista | 2BR,2BA | $3.04 |
| Timbers Apartments, El Toro | 2 Bedroom 2 Bath | 2BR,2BA | $3.06 |
| Alicia Plaza | Plan D | 2BR,1BA | $3.19 |
| 154 Canyon Woods Apartments | 1 Bedroom / 1 Bath | 1BR,1BA | $3.04 |
| Emerald Court Apartment Homes | Plan 2 | 1BR,1BA | $3.10 |
| 23465 Via Ronda | 23465 Via Ronda | Studio ,1BA | $2.92 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
Best Local Schools in Lake Forest, CA
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 142 Apartments for Rent in Lake Forest, CA with pricing that ranges from $1,750 to $6,130. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,300 to $13,000.
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 $13,000 with an average monthly rent of $4,429.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!