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Cheap Homes for Rent in Lake Forest, IL from $2,200 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Forest.
1230 Park Ave W
Highland ParkIL60035
3317 Stratford Ct
Lake BluffIL60044
232 S Central Ave
HighwoodIL60040
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.
1988 Green Bay Rd
Highland ParkIL60035
522 N Central Ave
HighwoodIL60040
423 Funston Ave
HighwoodIL60040
907 W Rockland Rd
Lake BluffIL60044
546 Green Bay Rd
HighwoodIL60040
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
12900 W Heiden Cir
Lake BluffIL60044
Showing Results 1-10, 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 | $2,930 | $2,300 | $3,931 |
| Lake Forest 3 Bedroom Homes for Rent | $3,446 | $2,395 | $4,800 |
| Lake Forest 4 Bedroom Homes for Rent | $4,900 | $3,850 | $5,900 |
| Lake Forest 5 Bedroom Homes for Rent | $6,810 | $3,700 | $10,000+ |
| Lake Forest 6 Bedroom Homes for Rent | $16,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Lake Forest
Explore Lake Forest
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 2 Beds unit found at Arrive North Shore in the Fort Sheridan neighborhood priced from $1,930. HIGHPOINT Highwood Station 546 in the Fort Sheridan neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,468. 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 | Sheridan | 2BR,1BA | $1,930 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath | 2BR,2BA | $2,468 |
| HIGHPOINT Highwood Station 246 | 2 Bed 2 Bath | 2BR,2BA | $2,738 |
Best Value Apartments for Rent in Lake Forest, IL
As of July 28, 2025 the best value apartment in the Lake Forest area is the $2.96 price per square foot R Model at The Residences at Amberley Woods in the in the Downtown Lake Forest neighborhood starting from $7,900. The second greatest value Lake Forest apartment is the 3BR/2.5BA Model at Webster Place starting at $4,125 with a $2.00 price per square foot in the Fort Sheridan 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 | $2.96 |
| Webster Place | 3BR/2.5BA | 3BR,2.5BA | $2.00 |
| HIGHPOINT Highwood Station 246 | 2 Bed 2 Bath | 2BR,2BA | $2.27 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath | 2BR,2BA | $2.30 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2.73 |
| Arrive North Shore | Clay | 2BR,1BA | $2.28 |
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Frequently Asked Questions about Lake Forest
What type of rentals are currently available in Lake Forest?
There are currently 62 Apartments for Rent in Lake Forest, IL with pricing that ranges from $1,385 to $8,320. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $2,275 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 $2,275 to $19,500 with an average monthly rent of $7,980.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.