1/2 Grand Ave
WaukeganIL60085
Cheap Homes for Rent in Lake Forest, IL from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Forest.
555 Lorraine Ave
WaukeganIL60085
25 Webster Ave
HighwoodIL60040
2417 Sherman Ave
North ChicagoIL60064
342 Park Ave
GlencoeIL60022
343 Park Ave
GlencoeIL60022
343 Park
GlencoeIL60022
730 Judson Ave
Highland ParkIL60035
3275 Stratford Ct, Unit 1B
3275 Stratford Ct
Lake BluffIL60044
Showing Results 1-9, Page 1 of 1
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 a home in Lake Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Forest 2 Bedroom Homes for Rent | $2,524 | $1,795 | $4,100 |
| Lake Forest 3 Bedroom Homes for Rent | $3,340 | $1,300 | $5,400 |
| Lake Forest 4 Bedroom Homes for Rent | $4,541 | $2,885 | $8,500 |
| Lake Forest 5 Bedroom Homes for Rent | $6,900 | $3,000 | $10,000+ |
| Lake Forest 6 Bedroom Homes for Rent | $13,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Lake Forest
Explore Lake Forest
Lake Forest, IL Local Guide
- Lake Forest Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lake Forest Apartments for Rent and Nearby
The cheapest available apartment rental in Lake Forest, IL is a 1 Bed unit found at Arrive North Shore in the Fort Sheridan neighborhood priced from $1,845. HIGHPOINT Highwood Station 440 in the Fort Sheridan neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,100. Here is today’s list of the most affordable Lake Forest apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arrive North Shore | Palmer | 1BR,1BA | $1,845 |
| HIGHPOINT Highwood Station 440 | 1Bed 1Bath | 1BR,1BA | $2,100 |
| Deer Valley Apartments | Two Bedroom | 2BR,2BA | $2,279 |
Best Value Apartments for Rent in Lake Forest, IL and Nearby
As of September 13, 2025 the best value apartment in the 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 Lake Forest apartment is the Interior Unit Model at Bloom Street Townhomes - 425 Bloom St starting at $5,275 with a $2.67 price per square foot in the Briergate Station neighborhood. 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. |
|---|---|---|---|
| The Residences at Amberley Woods | R | 3BR,3BA | $2.70 |
| Bloom Street Townhomes - 425 Bloom St | Interior Unit | 3BR,2.5BA | $2.67 |
| Webster Place | 3BR/2.5BA | 3BR,2.5BA | $2.30 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath | 2BR,2BA | $2.05 |
| HIGHPOINT Highwood Station 246 | 2 Bed 2 Bath | 2BR,2BA | $2.27 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2.77 |
| Arrive North Shore | Palmer | 1BR,1BA | $3.23 |
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Best Local Schools in 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 West
Lake Forest School District 67
Public School - Grades 7-8 (402)
9 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 Lake Forest
What type of rentals are currently available in Lake Forest?
There are currently 61 Apartments for Rent in Lake Forest, IL with pricing that ranges from $1,385 to $8,320. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,200 to $19,500.
What is the current price range for Rental Homes in Lake Forest?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Forest ranges from $1,200 to $19,500 with an average monthly rent of $6,657.
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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.