
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.


105 E Laurel Ave

704 Cherry Ave

269 E Woodland Rd

Apartment Homes at Kelmscott Park

The Residences at Amberley Woods

Lake Forest Place Senior Apartments
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.

Forest Pointe

Arrive North Shore

Deer Valley Apartments

Bloom Street Townhomes

The Oaks of Lake Bluff

Terrace Oaks Apartments

Webster Place
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 Woodlands on Green Bay

615 Sheridan Rd

501 Bank Ln

3556 Western Ave

460 Green Bay Rd

237 High St

213 Leonard Wood
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!

13-15 Webster Ave

17-21 Webster Ave

525 W Washington Ave

29123 N Waukegan Rd

Great Lakes Family Housing

HIGHPOINT Highwood Station 546

HIGHPOINT Highwood Station 246
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.

HIGHPOINT Highwood Station 440

Westover Townhomes
Lake Forest, IL Local Guide

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 | $1,968 | $1,385 | $2,679 |
| Cheap Lake Forest 2 Bedroom Apartments | $2,216 | $1,495 | $3,079 |
| Cheap Lake Forest 3 Bedroom Apartments | $4,202 | $2,379 | $5,600 |
Browse Top Apartments in Lake Forest
See all Apartments in Lake ForestExplore Lake Forest
Lake Forest, IL Local Guide

- 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 1 Bed unit found at Arrive North Shore in the Fort Sheridan neighborhood priced from $1,879. 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 $1,892. Here is today’s list of the most affordable Lake Forest apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arrive North Shore | Palmer | 1BR,1BA | $1,879 |
| Deer Valley Apartments | One Bedroom | 1BR,1BA | $1,892 |
| HIGHPOINT Highwood Station 440 | 1Bed 1Bath | 1BR,1BA | $2,249 |
| Webster Place | 3BR/2.5BA | 3BR,2BA | $4,125 |
| The Residences at Amberley Woods | P | 3BR,2BA | $6,020 |
Best Value Apartments for Rent in Lake Forest, IL
As of January 29, 2026 the best value apartment in the Lake Forest area is the $2.62 price per square foot P Model at The Residences at Amberley Woods in the in the Downtown Lake Forest neighborhood starting from $6,020. The second greatest value Lake Forest apartment is the 3BR/2.5BA Model at Webster Place starting at $4,125 with a $2.30 price per square foot in the Fort Sheridan 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 | P | 3BR,2.5BA | $2.62 |
| Webster Place | 3BR/2.5BA | 3BR,2.5BA | $2.30 |
| 542 Green Bay Rd, Unit 209 | 542 Green Bay Rd | 2BR,2BA | $2.53 |
| HIGHPOINT Highwood Station 440 | 1Bed 1Bath | 1BR,1BA | $2.61 |
| HIGHPOINT Highwood Station 546 | 1 Bed 1 Bath | 1BR,1BA | $2.56 |
| Deer Valley Apartments | One Bedroom | 1BR,1BA | $2.61 |
| 869 N McKinley Rd, Unit Unit 2 | 869 N McKinley Rd | 2BR,1BA | $2.86 |
| Arrive North Shore | Palmer | 1BR,1BA | $3.29 |
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 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 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.
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 High School
Deer Path Middle School West
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
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 $1,879 at Arrive North Shore.
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 $2,049 at Arrive North Shore.
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.
Helpful Local Expert Guides

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.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.