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Forest Pointe
29533 N Waukegan RdLake Bluff, IL 60044
Cheap Apartments for Rent in Lake Forest, IL from $1,100 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Forest.
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from $1,3851 to 2 Bedroom Apartments Contact Us For Availability
Terrace Oaks Apartments
501-506 Smith RdLake Bluff, IL 60044
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from $1,4502 Bedroom Apartments Contact Us For Availability
The Oaks of Lake Bluff
601 W Washington AveLake Bluff, IL 60044
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from $1,6741 to 2 Bedroom Apartments Available Now
Deer Valley Apartments
30011 N Waukegan RdLake Bluff, IL 60044
502 Basil Rd
Lake BluffIL60044
3353 Beacon St
North ChicagoIL60064
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25 Webster Ave
HighwoodIL60040
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from $1,7501 to 3 Bedroom Apartments Available Jul 1
Arrive North Shore
634 Sheridan RdHighwood, IL 60040
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from $1,875Studio to 2 Bedroom Apartments Available Now
HIGHPOINT Highwood Station 546
546 Green Bay RdHighwood, IL 60040
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from $1,9002 Bedroom Apartment Available Jul 5
305 Palmer Ave, Unit 305 Palmer
305 Palmer AveHighwood, IL 60040
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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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696 Elm Pl
Highland ParkIL60035
560 Vine Ave
Highland ParkIL60035
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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 |
|---|---|---|---|
| Lake Forest Studio Apartments | $2,060 | $2,060 | $2,060 |
| Lake Forest 1 Bedroom Apartments | $2,144 | $1,380 | $3,968 |
| Lake Forest 2 Bedroom Apartments | $3,065 | $1,450 | $5,990 |
| Lake Forest 3 Bedroom Apartments | $4,866 | $2,200 | $8,090 |
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 and Nearby
The cheapest available apartment rental in Lake Forest, IL is a 2 Beds unit found at Deer Valley Apartments in the Downtown Lake Forest neighborhood priced from $2,024. HIGHPOINT Highwood Station 546 in the Downtown Lake Forest neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,388. Here is today’s list of the most affordable Lake Forest apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Deer Valley Apartments | Two Bedroom | 2BR,2BA | $2,024 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath | 2BR,2BA | $2,388 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2,950 |
| Webster Place | 3BR/2.5BA | 3BR,2BA | $3,953 |
| The Residences at Amberley Woods | R | 3BR,3BA | $7,900 |
Best Value Apartments for Rent in Lake Forest, IL and Nearby
As of June 11, 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 $3,953 with a $1.92 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 | $1.92 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath + Den | 2BR,2BA | $2.33 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2.77 |
| Deer Valley Apartments | Two BR Premium Renovation | 2BR,2BA | $2.44 |
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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
Lake Forest, IL Apartments MapLake Forest, IL Rental Homes MapGetting 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 $2,024 at Deer Valley 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.
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.
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.