622 N Western Ave
Lake ForestIL60045
Cheap Apartments for Rent in Lake Forest, IL from $1,100 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Forest.
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$1,385 - $1,5951 to 2 Bedroom Apartments Contact Us For Availability
Terrace Oaks Apartments
501-506 Smith RdLake Bluff, IL 60044
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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$1,445 - $2,0401 to 2 Bedroom Apartments Available Sep 24
Forest Pointe
29533 N Waukegan RdLake Bluff, IL 60044
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$1,450 - $1,5952 Bedroom Apartments Contact Us For Availability
The Oaks of Lake Bluff
601 W Washington AveLake Bluff, IL 60044
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$1,5751 Bedroom Apartment Available Now
2494 Saint Johns Ave, Unit 1SW
2494 Saint Johns AveHighland Park, IL 60035
25 Webster Ave
HighwoodIL60040
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Rent Specials
$1,750 - $2,8001 to 3 Bedroom Apartments Available Now
Arrive North Shore
634 Sheridan RdHighwood, IL 60040
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$1,864 - $6,2291 to 2 Bedroom Apartments Available Aug 10
Deer Valley Apartments
30011 N Waukegan RdLake Bluff, IL 60044
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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.
13200 W Heiden Cir
Lake BluffIL60044
Showing Results 1-11, 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 Studio Apartments | $2,060 | $2,060 | $2,060 |
| Cheap Lake Forest 1 Bedroom Apartments | $2,076 | $1,385 | $4,389 |
| Cheap Lake Forest 2 Bedroom Apartments | $3,121 | $1,450 | $6,204 |
| Cheap Lake Forest 3 Bedroom Apartments | $5,455 | $2,495 | $8,320 |
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 Arrive North Shore in the Fort Sheridan neighborhood priced from $1,930. HIGHPOINT Highwood Station 546 in the Fort Sheridan neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,468. 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 | Sheridan | 2BR,1BA | $1,930 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath | 2BR,2BA | $2,468 |
| HIGHPOINT Highwood Station 246 | 2 Bed 2 Bath | 2BR,2BA | $2,738 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2,900 |
| Webster Place | 3BR/2.5BA | 3BR,2BA | $4,125 |
Best Value Apartments for Rent in Lake Forest, IL
As of July 27, 2025 the best value apartment in the Lake Forest area is the $2.96 price per square foot R Model at The Residences at Amberley Woods in the in the Downtown Lake Forest neighborhood starting from $7,900. The second greatest value Lake Forest apartment is the 3BR/2.5BA Model at Webster Place starting at $4,125 with a $2.00 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 | R | 3BR,3BA | $2.96 |
| Webster Place | 3BR/2.5BA | 3BR,2.5BA | $2.00 |
| HIGHPOINT Highwood Station 246 | 2 Bed 2 Bath | 2BR,2BA | $2.27 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath | 2BR,2BA | $2.30 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2.73 |
| Arrive North Shore | Clay | 2BR,1BA | $2.28 |
| 2494 Saint Johns Ave, Unit 1SW | 2494 Saint Johns Ave | 1BR,1BA | $2.42 |
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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
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 $1,930 at Arrive North Shore.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.
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.