560 Vine Ave
Highland ParkIL60035
Cheap Homes for Rent in Lake Forest, IL from $1,900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Forest.
13200 W Heiden Cir
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.
522 N Central Ave
HighwoodIL60040
909 Suffolk Ct
LibertyvilleIL60048
246 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.
1230 Park Ave W
Highland ParkIL60035
Showing Results 1-7, 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 | $3,253 | $1,950 | $4,800 |
| Lake Forest 3 Bedroom Homes for Rent | $3,717 | $2,395 | $7,800 |
| Lake Forest 4 Bedroom Homes for Rent | $6,950 | $6,950 | $6,950 |
| Lake Forest 5 Bedroom Homes for Rent | $7,747 | $3,495 | $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
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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 Downtown Lake Forest neighborhood priced from $1,870. Deer Valley Apartments in the Downtown Lake Forest neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,049. 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 | $1,870 |
| Deer Valley Apartments | Two Bedroom | 2BR,2BA | $2,049 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath | 2BR,2BA | $2,388 |
Best Value Apartments for Rent in Lake Forest, IL and Nearby
As of June 05, 2025 the best value apartment in the Lake Forest area is the $2.46 price per square foot M Model at The Residences at Amberley Woods in the in the Downtown Lake Forest neighborhood starting from $5,200. The second greatest value Lake Forest apartment is the 3BR/2.5BA Model at Webster Place starting at $3,953 with a $1.92 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 | M | 2BR,2.5BA | $2.46 |
| Webster Place | 3BR/2.5BA | 3BR,2.5BA | $1.92 |
| HIGHPOINT Highwood Station 546 | 2 Bed 2 Bath + Den | 2BR,2BA | $2.31 |
| HIGHPOINT Highwood Station 440 | 2 Bed 2 Bath | 2BR,2BA | $2.77 |
| Deer Valley Apartments | Two BR Premium Renovation | 2BR,2BA | $2.47 |
| Arrive North Shore | Palmer | 1BR,1BA | $3.27 |
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Frequently Asked Questions about Lake Forest
What type of rentals are currently available in Lake Forest?
There are currently 59 Apartments for Rent in Lake Forest, IL with pricing that ranges from $1,380 to $8,090. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,950 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 $1,950 to $19,500 with an average monthly rent of $7,294.
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 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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.