35 E North Ave
Lake BluffIL60044
Cheap Homes for Rent in the Downtown Lake Forest Neighborhood of Lake Forest, IL from $2,100 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lake Forest area of Lake Forest.
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
389 E Deerpath Rd
Lake ForestIL60045
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.
204 N Waukegan Rd
Lake BluffIL60044
Showing Results 1-3, Page 1 of 1
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 | $3,462 | $2,850 | $4,700 |
| Downtown Lake Forest 3 Bedroom Homes for Rent | $3,760 | $3,200 | $4,150 |
| Downtown Lake Forest 4 Bedroom Homes for Rent | $8,125 | $7,250 | $9,000 |
| Downtown Lake Forest 5 Bedroom Homes for Rent | $13,000 | $10,000 | $10,000+ |
| Downtown Lake Forest 6 Bedroom Homes for Rent | $20,000 | $10,000 | $10,000+ |
| Downtown Lake Forest 7 Bedroom Homes for Rent | $25,000 | $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.
Explore Lake Forest
Downtown Lake Forest, Lake Forest, IL Local Guide
- Nearby Lake Forest neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Best Value Homes for Rent in Downtown Lake Forest, IL
As of September 20, 2026 the best value rental home in the Downtown Lake Forest area is the $1.93 price per square foot 1161 Gavin Ct Model at 1161 Gavin Ct in the Downtown Lake Forest neighborhood starting from $20,000. The second greatest value Downtown Lake Forest rental home is the 148 N Ahwahnee Rd Model at 148 N Ahwahnee Rd in the Downtown Lake Forest neighborhood starting at $11,000 with a $2.03 price per square foot. Here is today’s list of the best values for Downtown Lake Forest homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1161 Gavin Ct | 1161 Gavin Ct | 6BR, 8BA | $1.93 |
| 148 N Ahwahnee Rd | 148 N Ahwahnee Rd | 5BR, 7BA | $2.03 |
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
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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 Article
Quick 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.
Let everyone know!
Do you know the Downtown Lake Forest area?
If you’re an expert on all things Downtown Lake Forest, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Downtown Lake Forest, Lake Forest, IL
Lake Bluff Elementary School
Lake Bluff Esd 65 School District
Public School - Grades PK-5 (571)
9 out of 10
Lake Forest High School
Lake Forest Chsd 115 School District
Public School - Grades 9-12 (1348)
9 out of 10
Lake Bluff Middle School
Lake Bluff Esd 65 School District
Public School - Grades 6-8 (303)
9 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 35 Apartments for Rent in Downtown Lake Forest, IL with pricing that ranges from $1,450 to $2,577. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lake Forest ranging from $2,100 to $25,000.
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 $2,100 to $25,000 with an average monthly rent of $8,687.
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
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.