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$3,270 - $8,3202 to 3 Bedroom Apartments Available Now
The Residences at Amberley Woods
1850 Amberley CtLake Forest, IL 60045
Cheap Apartments for Rent in the Downtown Lake Forest Neighborhood of Lake Forest, IL from $1,300 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lake Forest area of Lake Forest.
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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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$1,590 - $2,0401 to 2 Bedroom Apartments Available Now
Forest Pointe
29533 N Waukegan RdLake Bluff, IL 60044
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$1,450 - $1,6152 Bedroom Apartments Available Nov 1
The Oaks of Lake Bluff
601 W Washington AveLake Bluff, IL 60044
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$1,385 - $1,6251 to 2 Bedroom Apartments Available Now
Terrace Oaks Apartments
501-506 Smith 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.
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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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Showing Results 1-16, 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 1 Bedroom Apartments | $1,561 | $1,385 | $1,795 |
| Downtown Lake Forest 2 Bedroom Apartments | $3,419 | $1,450 | $6,349 |
| Downtown Lake Forest 3 Bedroom Apartments | $6,990 | $5,720 | $8,320 |
Browse Apartments in this Neighborhood
There are currently 16 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
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Cheapest Available Downtown Lake Forest Apartments for Rent
The cheapest available apartment rental in the Downtown Lake Forest area of Chicago, IL is a 2 Beds unit found at Terrace Oaks Apartments priced from $1,595. Forest Pointe has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,920. Here are the most affordable Downtown Lake Forest apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Terrace Oaks Apartments | 2 Bedroom | 2BR,1BA | $1,595 |
| Forest Pointe | Two Bedroom, Two Bath (C2) | 2BR,2BA | $1,920 |
| The Residences at Amberley Woods | R | 3BR,3BA | $7,200 |
Best Value Apartments for Rent in Downtown Lake Forest, IL
As of October 14, 2025 the best value apartment in the Downtown Lake Forest area is the $2.70 price per square foot R Model at The Residences at Amberley Woods in the in the Downtown Lake Forest neighborhood starting from $7,200. The second greatest value Downtown Lake Forest apartment is the Two Bedroom, Two Bath (C2) Model at Forest Pointe starting at $1,920 with a $1.90 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 | R | 3BR,3BA | $2.70 |
| Forest Pointe | Two Bedroom, Two Bath (C2) | 2BR,2BA | $1.90 |
| Terrace Oaks Apartments | 2 Bedroom | 2BR,1.5BA | $1.77 |
Quick Rent Budget Calculator
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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
3.0Pet 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 $1,595 at Terrace Oaks 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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.