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$1,150Studio Apartment Available Now
1351 N Western Ave, Unit 305
1351 N Western AveLake Forest, IL 60045
Cheap Apartments for Rent in the Downtown Lake Forest Neighborhood of Lake Forest, IL from $1,100 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lake Forest area of Lake Forest.
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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.
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$1,445 - $2,0401 to 2 Bedroom Apartments Available Dec 19
Forest Pointe
29533 N Waukegan RdLake Bluff, IL 60044
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$1,495 - $1,6152 Bedroom Apartments Available Now
The Oaks of Lake Bluff
601 W Washington AveLake 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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$1,385 - $1,6251 to 2 Bedroom Apartments Available Dec 15
Terrace Oaks Apartments
501-506 Smith RdLake Bluff, IL 60044
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Cash 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.
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Showing Results 1-17, Page 1 of 1
Downtown Lake Forest, 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 Downtown Lake Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lake Forest Studio Apartments | $1,150 | $1,150 | $1,150 |
| Downtown Lake Forest 1 Bedroom Apartments | $1,502 | $1,385 | $1,795 |
| Downtown Lake Forest 2 Bedroom Apartments | $1,892 | $1,495 | $2,040 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 3 mile radius of the Downtown Lake Forest Neighborhood of Lake Forest, IL.
See all Apartments in Lake ForestExplore Lake Forest
Downtown Lake Forest, Lake Forest, IL Local Guide
- Nearby Lake Forest neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Lake Forest Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Oaks of Lake Bluff | Small Two Bedroom | 2BR,1BA | $1,495 |
| The Residences at Amberley Woods | Q | 3BR,3BA | $6,500 |
Best Value Apartments for Rent in Downtown Lake Forest, IL
As of December 08, 2025 the best value apartment in the Downtown Lake Forest area is the $2.50 price per square foot Q Model at The Residences at Amberley Woods in the in the Downtown Lake Forest neighborhood starting from $6,500. The second greatest value Downtown Lake Forest apartment is the 269 E Woodland Rd Model at 269 E Woodland Rd, Unit 1 starting at $1,975 with a $2.47 price per square foot in the Downtown Lake Forest neighborhood. Here is today’s list of the best values for Downtown Lake Forest apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Residences at Amberley Woods | Q | 3BR,3BA | $2.50 |
| 269 E Woodland Rd, Unit 1 | 269 E Woodland Rd | 2BR,1BA | $2.47 |
| The Oaks of Lake Bluff | Small Two Bedroom | 2BR,1BA | $1.87 |
| 869 N McKinley Rd, Unit 2 | 869 N McKinley Rd | 2BR,1BA | $2.86 |
| 1351 N Western Ave, Unit 305 | 1351 N Western Ave | Studio ,1BA | $3.52 |
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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The 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 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.
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Pet Friendly LifestyleDowntown Lake Forest, Lake Forest, IL
Ranked #1
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Downtown Lake Forest, 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 East
Lake Forest School District 67
Public School - Grades 5-6 (346)
8 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Lake Forest Apartments
What is the lowest price for a Cheap Two Bedroom Downtown Lake Forest Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Lake Forest is starting from $1,495 at The Oaks of Lake Bluff.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!