627 Smith Ave
Lake BluffIL60044
Cheap Homes for Rent in Lake Forest, IL from $2,100 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Forest.
550 Vine Ave
Highland ParkIL60035
1121 Waukegan Rd
DeerfieldIL60015
1310 Cromwell Ct
Vernon HillsIL60061
271 Southwick Ct
Vernon HillsIL60061
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.
2066 St Johns Ave
Highland ParkIL60035
1978 Green Bay Rd
Highland ParkIL60035
1250 Park Ave W
Highland ParkIL60035
1344 Barclay Ln
DeerfieldIL60015
522 N Central Ave
HighwoodIL60040
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.
1250 Park Ave W, Unit 408
1250 Park Ave W
Highland ParkIL60035
Showing Results 1-11, Page 1 of 1
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 | $2,619 | $2,200 | $3,850 |
| Lake Forest 3 Bedroom Homes for Rent | $3,782 | $2,195 | $5,900 |
| Lake Forest 4 Bedroom Homes for Rent | $7,117 | $4,975 | $10,000+ |
| Lake Forest 5 Bedroom Homes for Rent | $5,225 | $4,500 | $5,950 |
| Lake Forest 6 Bedroom Homes for Rent | $20,000 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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
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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 $1,759. Deer Valley Apartments in the North Center neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,772. 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 | $1,759 |
| Deer Valley Apartments | Two Bedroom | 2BR,2BA | $1,772 |
| 548-552 Sheridan Rd | 1BR/1BA | 1BR,1BA | $1,800 |
| Forest Pointe Apartments | A2 | 1BR,1BA | $1,857 |
| HIGHPOINT Highwood Station 546 | 1 Bed 1 Bath | 1BR,1BA | $1,973 |
Best Value Apartments for Rent in Lake Forest, IL and Nearby
As of June 11, 2026 the best value apartment in the Lake Forest area is the $1.75 price per square foot 350 Prairie Ave Model at 350 Prairie Ave, Unit A in the in the Briergate Station neighborhood starting from $2,100. The second greatest value Lake Forest apartment is the 2 Bed 2 Bath Model at HIGHPOINT Highwood Station 546 starting at $2,750 with a $2.53 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. |
|---|---|---|---|
| 350 Prairie Ave, Unit A | 350 Prairie Ave | 3BR,1BA | $1.75 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath | 2BR,2BA | $2.53 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2.59 |
| Deer Valley Apartments | Two Bedroom | 2BR,2BA | $1.69 |
| Forest Pointe Apartments | B1 | 2BR,2BA | $2.76 |
| 124 S Central Ave, Unit First Floor Apartment | 124 S Central Ave | 1BR,1BA | $2.36 |
| Arrive North Shore | Ashland | 1BR,1BA | $3.11 |
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
Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
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 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 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!
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 65 Apartments for Rent in Lake Forest, IL with pricing that ranges from $1,350 to $5,600. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $2,195 to $20,000.
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 $2,195 to $20,000 with an average monthly rent of $7,748.
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
Written by: Nicole Harms
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.