580 N Bank Ln
Lake ForestIL60045
Cheap Apartments for Rent in Lake Forest, IL from $1,450 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Forest.
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1 to 3 Bedroom Apartments
Apartment Homes at Kelmscott Park
145 Morris LnLake Forest, IL 60045
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$1,450 - $1,6251 to 2 Bedroom Apartments Available Now
The Oaks of Lake Bluff
601 W Washington AveLake Bluff, IL 60044
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$1,600 - $2,400Studio to 2 Bedroom Apartments Available Now
548-552 Sheridan Rd
548-552 Sheridan RdHighwood, IL 60040
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$1,6502 Bedroom Apartments Available Now
Terrace Oaks Apartments
501-506 Smith RdLake Bluff, IL 60044
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$1,779 - $3,6891 to 3 Bedroom Apartments Available Now
Arrive North Shore
634 Sheridan RdHighwood, IL 60040
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Rent Specials
$1,863 - $9,8651 to 2 Bedroom Apartments Available Now
Forest Pointe Apartments
29533 N Waukegan RdLake Bluff, IL 60044
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.
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$1,900
Total Monthly Price
Base Rent$1,900
Total Monthly Price$1,900
30 Michigan Ave, Unit #2
30 Michigan AveHighwood, IL 60040
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$1,913 - $6,8111 to 2 Bedroom Apartments Available Now
Deer Valley Apartments
30011 N Waukegan RdLake Bluff, IL 60044
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$2,0002 Bedroom Apartments Available Oct 1
3317 Stratford Ct, Unit 1E
3317 Stratford CtLake Bluff, IL 60044
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$2,5002 Bedroom Apartments Available Now
318 Walker Ave
318 Walker AveHighland Park, IL 60035
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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
667 Homewood Ave
Highland ParkIL60035
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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Studio to 2 Bedroom Apartments
HIGHPOINT Highwood Station 546
546 Green Bay RdHighwood, IL 60040
1121 Waukegan Rd
DeerfieldIL60015
47 Prairie Ave
HighwoodIL60040
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1 to 3 Bedroom Apartments
HIGHPOINT Highwood Station 246
246 Green Bay RdHighwood, IL 60040
3243 Stratford Ct
Lake BluffIL60044
1988 Green Bay Rd
Highland ParkIL60035
217 Highwood Ave
HighwoodIL60040
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!
Showing Results 1-21, 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 Studio Apartments | $1,800 | $1,800 | $1,800 |
| Cheap Lake Forest 1 Bedroom Apartments | $1,981 | $1,450 | $2,569 |
| Cheap Lake Forest 2 Bedroom Apartments | $2,373 | $1,625 | $3,279 |
| Cheap Lake Forest 3 Bedroom Apartments | $3,530 | $2,619 | $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
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Cheapest Available Lake Forest Apartments for Rent
The cheapest available apartment rental in Lake Forest, IL is a Studio unit found at 548-552 Sheridan Rd in the Fort Sheridan neighborhood priced from $1,600. The Oaks of Lake Bluff in the Downtown Lake Forest neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,625. Here is today’s list of the most affordable Lake Forest apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 548-552 Sheridan Rd | Studio | Studio, 1BA | $1,600 |
| The Oaks of Lake Bluff | Two Bedroom | 2BR, 1BA | $1,625 |
| Terrace Oaks Apartments | 2 Bedroom | 2BR, 1BA | $1,650 |
| Arrive North Shore | Palmer | 1BR, 1BA | $1,779 |
| Forest Pointe Apartments | A2 | 1BR, 1BA | $1,906 |
Best Value Apartments for Rent in Lake Forest, IL
As of September 17, 2026 the best value apartment in the Lake Forest area is the $2.15 price per square foot 3 Beds, 2.5 Baths Model at Westover Townhomes in the Downtown Lake Forest neighborhood starting from $4,200. The second greatest value Lake Forest apartment is the 2 Bedroom Model at 318 Walker Ave in the Downtown Highland Park neighborhood starting at $2,500 with a $2.66 price per square foot. 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. |
|---|---|---|---|
| Westover Townhomes | 3 Beds, 2.5 Baths | 3BR, 2.5BA | $2.15 |
| 318 Walker Ave | 2 Bedroom | 2BR, 1BA | $2.66 |
| Terrace Oaks Apartments | 2 Bedroom | 2BR, 1.5BA | $1.83 |
| The Oaks of Lake Bluff | Two Bedroom | 2BR, 1BA | $1.81 |
| HIGHPOINT Highwood Station 440 | 1Bed 1Bath | 1BR, 1BA | $2.94 |
| HIGHPOINT Highwood Station 246 | 1 Bed 1 Bath | 1BR, 1BA | $2.76 |
| 30 Michigan Ave, Unit #2 | 30 Michigan Ave | 2BR, 1BA | $2.38 |
| HIGHPOINT Highwood Station 546 | 1 Bed 1 Bath | 1BR, 1BA | $2.53 |
| Deer Valley Apartments | One Bedroom | 1BR, 1BA | $2.64 |
| Forest Pointe Apartments | A2 | 1BR, 1BA | $2.67 |
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.
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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
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From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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
Cherokee Elementary School
Lake Forest School District 67
Public School - Grades K-5 (339)
10 out of 10
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 $1,779 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 $1,625 at The Oaks of Lake Bluff.
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.
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