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$3,270 - $8,3202 to 3 Bedroom Apartments Available Now
The Residences at Amberley Woods
1850 Amberley CtLake Forest, IL 60045
Cheap Apartments for Rent in Lake Forest, IL from $1,100 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Forest.
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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.
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$1,750 - $3,2651 to 3 Bedroom Apartments Available Now
Arrive North Shore
634 Sheridan RdHighwood, IL 60040
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$1,705 - $2,0401 to 2 Bedroom Apartments Available Now
Forest Pointe
29533 N Waukegan RdLake Bluff, IL 60044
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$5,275 - $5,4503 Bedroom Apartments Available Now
Bloom Street Townhomes - 425 Bloom St
425 Bloom StHighland Park, IL 60035
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$1,495 - $1,6152 Bedroom Apartments Available Nov 4
The Oaks of Lake Bluff
601 W Washington AveLake Bluff, IL 60044
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$1,385 - $1,6251 to 2 Bedroom Apartments Available Now
Terrace Oaks Apartments
501-506 Smith RdLake Bluff, IL 60044
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$1,608 - $2,7291 to 2 Bedroom Apartments Available Now
Deer Valley Apartments
30011 N Waukegan RdLake Bluff, IL 60044
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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.
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Cash 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.
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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.
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Showing Results 1-30, Page 1 of 1
Lake Forest, IL Local Guide
Market Square by Slo-mo is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Lake Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lake Forest 1 Bedroom Apartments | $1,777 | $1,385 | $2,480 |
| Cheap Lake Forest 2 Bedroom Apartments | $3,084 | $1,495 | $6,349 |
| Cheap Lake Forest 3 Bedroom Apartments | $5,686 | $2,585 | $7,900 |
Browse Top Apartments in Lake Forest
See all Apartments in Lake ForestExplore Lake Forest
Lake Forest, IL Local Guide
Written By:
Justin HabersaatEditing Staff
- Lake Forest Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lake Forest Apartments for Rent
The cheapest available apartment rental in Lake Forest, IL is a 2 Beds unit found at Terrace Oaks Apartments in the Downtown Lake Forest neighborhood priced from $1,595. Deer Valley Apartments in the Village of Lake Bluff neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,608. Here is today’s list of the most affordable Lake Forest apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Terrace Oaks Apartments | 2 Bedroom | 2BR,1BA | $1,595 |
| Deer Valley Apartments | One Bedroom | 1BR,1BA | $1,608 |
| Arrive North Shore | Palmer | 1BR,1BA | $1,800 |
| Forest Pointe | Two Bedroom, Two Bath (C2) | 2BR,2BA | $1,920 |
| HIGHPOINT Highwood Station 246 | 2 Bed 2 Bath | 2BR,2BA | $2,727 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath | 2BR,2BA | $2,875 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2,950 |
| Webster Place | 3BR/2.5BA | 3BR,2BA | $4,125 |
| Bloom Street Townhomes - 425 Bloom St | Interior Unit | 3BR,2BA | $5,275 |
| The Residences at Amberley Woods | R | 3BR,3BA | $7,200 |
Best Value Apartments for Rent in Lake Forest, IL
As of October 30, 2025 the best value apartment in the Lake Forest area is the $2.70 price per square foot R Model at The Residences at Amberley Woods in the in the Downtown Lake Forest neighborhood starting from $7,200. The second greatest value Lake Forest apartment is the Interior Unit Model at Bloom Street Townhomes - 425 Bloom St starting at $5,275 with a $2.67 price per square foot in the Briergate Station 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. |
|---|---|---|---|
| The Residences at Amberley Woods | R | 3BR,3BA | $2.70 |
| Bloom Street Townhomes - 425 Bloom St | Interior Unit | 3BR,2.5BA | $2.67 |
| Webster Place | 3BR/2.5BA | 3BR,2.5BA | $2.30 |
| HIGHPOINT Highwood Station 246 | 2 Bed 2 Bath | 2BR,2BA | $2.26 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2.77 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath | 2BR,2BA | $2.74 |
| Forest Pointe | Two Bedroom, Two Bath (C2) | 2BR,2BA | $1.90 |
| Terrace Oaks Apartments | 2 Bedroom | 2BR,1.5BA | $1.77 |
| Deer Valley Apartments | One BR Premium Renovation | 1BR,1BA | $2.67 |
| Arrive North Shore | Palmer | 1BR,1BA | $3.15 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleBest Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
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 ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
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.
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Lake Forest Overview
A scenic, luxurious locale situated along the banks of Lake Michigan, Lake Forest is a prime real estate option within the Chicago metro region. Offering stunning views and a myriad of upper-tier amenities, this is one Illinois hot spot that is in demand with good cause.
Why live in Lake Forest, IL?
Home to a number of employers in the health care field, as well as a huge assortment of amenities, schools and retail shopping, Lake Forest is truly a gem of the great state of Illinois. Effortlessly combining natural scenery with distinct, stylish architectural flair, Lake Forest is a must-consider for anyone yearning for a higher caliber of living.
Best Local Schools in Lake Forest, IL
Sheridan Elementary School
Lake Forest School District 67
Public School - Grades PK-4 (264)
10 out of 10
Lake Forest High School
Lake Forest Chsd 115 School District
Public School - Grades 9-12 (1438)
10 out of 10
Deer Path Middle School West
Lake Forest School District 67
Public School - Grades 7-8 (402)
9 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Forest, IL Rentals by Map
See the most popular apartments and homes in Lake Forest, IL
Getting Around Lake Forest, IL
Walk Score®
44 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Lake Forest Apartments
How much is rent for a Cheap One Bedroom Lake Forest Apartment?
The lowest price for a Cheap One Bedroom Lake Forest Apartment is $1,608 at Deer Valley Apartments.
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 $1,595 at Terrace Oaks Apartments.
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.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
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!
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.