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$1,1501 Bedroom Apartments Available Now
15 Shagbark Rd
15 Shagbark RdLake Bluff, IL 60044
Cheap Homes for Rent in Downtown Lake Forest Neighborhood of Lake Forest, IL from $2,700 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lake Forest area of Lake Forest.
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.
907 W Washington Ave
Lake BluffIL60044
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.
227 Juneway Terrace
Lake BluffIL60044
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Downtown Lake Forest, Lake Forest, IL Local Guide
How much does it cost to rent a home in Downtown Lake Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lake Forest 2 Bedroom Homes for Rent | $2,750 | $2,750 | $2,750 |
| Downtown Lake Forest 3 Bedroom Homes for Rent | $4,200 | $3,650 | $5,000 |
| Downtown Lake Forest 4 Bedroom Homes for Rent | $6,820 | $3,950 | $10,000+ |
| Downtown Lake Forest 6 Bedroom Homes for Rent | $20,000 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 3 mile radius of the Downtown Lake Forest Neighborhood of Lake Forest, IL.
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Downtown Lake Forest, Lake Forest, IL Local Guide
- Nearby Lake Forest neighborhoods
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Best Value Apartments for Rent in Downtown Lake Forest, IL
As of May 07, 2026 the best value apartment in the Downtown 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 Downtown 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 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 | $2.46 |
| 13744 Rockland Rd, Unit Apt | 13744 Rockland Rd | 2BR,1BA | $0.84 |
| The Oaks of Lake Bluff | One Bedroom | 1BR,1BA | $2.04 |
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.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
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.
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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Best Local Schools in Downtown Lake Forest, Lake Forest, IL
Sheridan Elementary School
Lake Forest School District 67
Public School - Grades PK-5 (263)
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 East
Lake Forest School District 67
Public School - Grades K-5 (374)
10 out of 10
School data provided by Great Schools
Frequently Asked Questions about Downtown Lake Forest
What type of rentals are currently available in Downtown Lake Forest?
There are currently 36 Apartments for Rent in Downtown Lake Forest, IL with pricing that ranges from $1,150 to $2,069. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lake Forest ranging from $2,750 to $20,000.
What is the current price range for Rental Homes in Downtown Lake Forest?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lake Forest ranges from $2,750 to $20,000 with an average monthly rent of $8,442.
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
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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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
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.