622 N Western Ave
Lake ForestIL60045
Cheap Apartments for Rent in Lake Forest, IL from $1,100 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Forest.
789 N McKinley Rd
Lake ForestIL60045
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1 to 3 Bedroom Apartments
Apartment Homes at Kelmscott Park
145 Morris LnLake Forest, IL 60045
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$1,1501 Bedroom Apartments Available Now
15 Shagbark Rd
15 Shagbark RdLake Bluff, IL 60044
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$1,425 - $1,4501 Bedroom Apartments Available Now
The Oaks of Lake Bluff
601 W Washington AveLake Bluff, IL 60044
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$1,600
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,600
Total Monthly Price
$1,600
13744 Rockland Rd, Unit Apt, Unit Apt
13744 Rockland RdLake Bluff, IL 60044
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,401 - $2,0691 to 2 Bedroom Apartments Available May 8
Forest Pointe Apartments
29533 N Waukegan RdLake Bluff, IL 60044
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$1,6502 Bedroom Apartments Available May 23
Terrace Oaks Apartments
501-506 Smith RdLake Bluff, IL 60044
3353 Beacon St, Unit B26
3353 Beacon St
North ChicagoIL60064
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Rent Specials
$1,719 - $3,5191 to 3 Bedroom Apartments Available Now
Arrive North Shore
634 Sheridan RdHighwood, IL 60040
504 Basil Rd
Lake BluffIL60044
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Rent Specials
$1,806 - $5,7601 to 2 Bedroom Apartments Available Now
Deer Valley Apartments
30011 N Waukegan RdLake Bluff, IL 60044
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.
13200 W Heiden Cir, Unit 2212, Unit 2212
13200 W Heiden Cir
Lake BluffIL60044
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$1,950
Total Monthly Price
3 Bedroom Apartment Available Jun 15Total Monthly Price
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$1,950
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$1,950
226 North Ave, Unit 1, Unit 1
226 North AveHighwood, IL 60040
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$2,2002 Bedroom Apartments Available Now
318 Walker Ave
318 Walker AveHighland Park, IL 60035
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$2,287 - $3,2011 to 3 Bedroom Apartments Available Now
HIGHPOINT Highwood Station 440
440 Green Bay RdHighwood, IL 60040
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1 to 2 Bedroom Apartments
The Woodlands on Green Bay
3500 Green Bay RdNorth Chicago, IL 60044
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2 to 4 Bedroom Apartments
Great Lakes Family Housing
1710 Cavin DrGreat Lakes, IL 60088
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.
3349 Beacon St
North ChicagoIL60064
1506 Glencoe Ave
Highland ParkIL60035
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Studio to 2 Bedroom Apartments
HIGHPOINT Highwood Station 546
546 Green Bay RdHighwood, IL 60040
1209 Chatham Ct
LibertyvilleIL60048
328 Green Bay Rd
HighwoodIL60040
1310 Cromwell Ct
Vernon HillsIL60061
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!
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1 to 3 Bedroom Apartments
HIGHPOINT Highwood Station 246
246 Green Bay RdHighwood, IL 60040
184 Brook Ln
Vernon HillsIL60061
Showing Results 1-26, Page 1 of 1
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 | $1,979 | $1,150 | $2,519 |
| Cheap Lake Forest 2 Bedroom Apartments | $2,298 | $1,600 | $3,201 |
| Cheap Lake Forest 3 Bedroom Apartments | $3,323 | $1,950 | $5,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 1 Bed unit found at The Oaks of Lake Bluff in the Downtown Lake Forest neighborhood priced from $1,425. Arrive North Shore in the Fort Sheridan neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,719. Here is today’s list of the most affordable Lake Forest apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Oaks of Lake Bluff | One Bedroom | 1BR,1BA | $1,425 |
| Arrive North Shore | Palmer | 1BR,1BA | $1,719 |
| Deer Valley Apartments | One Bedroom | 1BR,1BA | $1,806 |
| HIGHPOINT Highwood Station 546 | 1 Bed 1 Bath | 1BR,1BA | $2,019 |
| 318 Walker Ave | 2 Bedroom | 2BR,1BA | $2,200 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2,872 |
| The Residences at Amberley Woods | R | 3BR,3BA | $6,550 |
Best Value Apartments for Rent in Lake Forest, IL
As of May 04, 2026 the best value apartment in the Lake Forest area is the $2.46 price per square foot R Model at The Residences at Amberley Woods in the in the Downtown Lake Forest neighborhood starting from $6,550. The second greatest value Lake Forest apartment is the 13744 Rockland Rd Model at 13744 Rockland Rd, Unit Apt starting at $1,600 with a $0.84 price per square foot in the Downtown Lake Forest 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 | $2.46 |
| 13744 Rockland Rd, Unit Apt | 13744 Rockland Rd | 2BR,1BA | $0.84 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2.70 |
| 318 Walker Ave | 2 Bedroom | 2BR,1BA | $2.34 |
| HIGHPOINT Highwood Station 546 | 1 Bed 1 Bath | 1BR,1BA | $2.54 |
| Deer Valley Apartments | One Bedroom | 1BR,1BA | $2.49 |
| The Oaks of Lake Bluff | One Bedroom | 1BR,1BA | $2.04 |
| Arrive North Shore | Palmer | 1BR,1BA | $3.01 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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
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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
Lake Forest High School
Lake Forest Chsd 115 School District
Public School - Grades 9-12 (1348)
9 out of 10
Deer Path Middle School West
Lake Forest School District 67
Public School - Grades 6-8 (360)
10 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
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 $1,425 at The Oaks of Lake Bluff.
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 $2,099 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
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.