328 Green Bay Rd
HighwoodIL60040
Cheap Homes for Rent in Lake Forest, IL from $2,150 (13 Rentals)
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$2,0002 Bedroom Apartments Available Oct 1
3317 Stratford Ct, Unit 1E
3317 Stratford CtLake Bluff, IL 60044
1121 Waukegan Rd
DeerfieldIL60015
1988 Green Bay Rd
Highland ParkIL60035
3243 Stratford Ct
Lake BluffIL60044
1250 Park Ave W, Unit 433
1250 Park Ave W
Highland ParkIL60035
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.
1227 Wood St
DeerfieldIL60015
423 Funston Ave
HighwoodIL60040
322 Euclid Ave
HighwoodIL60040
13361 W Heiden Cir
Lake BluffIL60044
389 E Deerpath Rd
Lake ForestIL60045
204 N Waukegan Rd
Lake BluffIL60044
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.
2490 Green Bay Rd
Highland ParkIL60035
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Lake Forest, IL Local Guide
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 | $2,994 | $1,700 | $4,700 |
| Lake Forest 3 Bedroom Homes for Rent | $3,474 | $2,800 | $4,500 |
| Lake Forest 4 Bedroom Homes for Rent | $5,682 | $2,685 | $9,000 |
| Lake Forest 5 Bedroom Homes for Rent | $13,000 | $10,000 | $10,000+ |
| Lake Forest 6 Bedroom Homes for Rent | $20,000 | $10,000 | $10,000+ |
| Lake Forest 7 Bedroom Homes for Rent | $25,000 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Lake Forest, IL Local Guide
- Lake Forest Neighborhoods
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Cheapest Available Lake Forest Apartments for Rent
The cheapest available apartment rental in Lake Forest, IL is a Studio unit found at 548-552 Sheridan Rd in the Fort Sheridan neighborhood priced from $1,600. The Oaks of Lake Bluff in the Downtown Lake Forest neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,625. Here is today’s list of the most affordable Lake Forest apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 548-552 Sheridan Rd | Studio | Studio,1BA | $1,600 |
| The Oaks of Lake Bluff | Two Bedroom | 2BR,1BA | $1,625 |
| Terrace Oaks Apartments | 2 Bedroom | 2BR,1BA | $1,650 |
| HIGHPOINT Highwood Station 546 | 1 Bed 1 Bath | 1BR,1BA | $1,925 |
| Forest Pointe Apartments | A2 | 1BR,1BA | $1,934 |
Best Value Apartments for Rent in Lake Forest, IL
As of September 10, 2026 the best value apartment in the Lake Forest area is the $2.15 price per square foot 3 Beds, 2.5 Baths Model at Westover Townhomes in the in the Downtown Lake Forest neighborhood starting from $4,200. The second greatest value Lake Forest apartment is the 2 Bedroom Model at 318 Walker Ave starting at $2,500 with a $2.66 price per square foot in the Downtown Highland Park 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. |
|---|---|---|---|
| Westover Townhomes | 3 Beds, 2.5 Baths | 3BR,2.5BA | $2.15 |
| 318 Walker Ave | 2 Bedroom | 2BR,1BA | $2.66 |
| Arrive North Shore | Linden | 2BR,1BA | $2.62 |
| Terrace Oaks Apartments | 2 Bedroom | 2BR,1.5BA | $1.83 |
| The Oaks of Lake Bluff | Two Bedroom | 2BR,1BA | $1.81 |
| HIGHPOINT Highwood Station 246 | 1 Bed 1 Bath | 1BR,1BA | $2.76 |
| 30 Michigan Ave, Unit #2 | 30 Michigan Ave | 2BR,1BA | $2.38 |
| HIGHPOINT Highwood Station 546 | 1 Bed 1 Bath | 1BR,1BA | $2.53 |
| Deer Valley Apartments | One Bedroom | 1BR,1BA | $2.64 |
| Forest Pointe Apartments | A2 | 1BR,1BA | $2.70 |
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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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
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Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
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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.
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Best Local Schools in Lake Forest, IL
Cherokee Elementary School
Lake Forest School District 67
Public School - Grades K-5 (339)
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 West
Lake Forest School District 67
Public School - Grades 6-8 (360)
10 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 67 Apartments for Rent in Lake Forest, IL with pricing that ranges from $1,515 to $5,600. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,700 to $25,000.
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 $1,700 to $25,000 with an average monthly rent of $5,894.
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.
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