Cheap Homes for Rent in Lake Forest Park, WA from $700 (25 Rentals)

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Search the lowest-cost Homes available for rent right now in Lake Forest Park.

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.

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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.

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property at 5003 240th Pl SW

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available May 1

5003 240th Pl SW

Mountlake TerraceWA98043

The Emerald City's Secrets: A 30-Year Local's Guide to Renting in Seattle

Dive into Seattle's fascinating history—from its 'swampy mess' origins to the birthplace of grunge. Explore areas to rent like Pike Place Market, Pioneer Square, and the new Overlook Walk.

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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.

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Showing Results 1-25, Page 1 of 1

Lake Forest Park, WA Local Guide

Cheapest Available Lake Forest Park Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Forest Park, WA is a Studio unit found at Bode-125 - Project S21 in the Olympic Hills neighborhood priced from $965. The Tony Lee in the Olympic Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here is today’s list of the most affordable Lake Forest Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bode-125 - Project S21MFTE - StudioStudio,1BA$965
The Tony LeeStudioStudio,1BA$1,000
Altaire at Jackson ParkStudioStudio,1BA$1,125
HIDDEN CREEK VILLAGEStudioStudio,1BA$1,175
Bode @ Lake CityDELUXE One-Bedroom - Ask us about our Move-In S...1BR,1BA$1,195

Best Value Apartments for Rent in Lake Forest Park, WA and Nearby

As of April 08, 2026 the best value apartment in the Lake Forest Park area is the $2.11 price per square foot Three Bedroom Two Bath I Model at Arabella Apartment Homes in the in the Lake Ballinger neighborhood starting from $2,599. The second greatest value Lake Forest Park apartment is the 2X2 Model at The Edge North starting at $1,800 with a $1.67 price per square foot in the Olympic Hills neighborhood. Here is today’s list of the best values for Lake Forest Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arabella Apartment HomesThree Bedroom Two Bath I3BR,2BA$2.11
The Edge North2X22BR,2BA$1.67
Willows Court Apartment HomesTwo Bedroom Two Bath2BR,2BA$1.90
King Arthurs CourtOne Bedroom One Bathroom1BR,1BA$2.18
Array1 Bedroom 1 Bathroom MFTE1BR,1BA$2.20
WatercrestAqua1BR,1BA$2.25
Mirrorwood Apartments1BR 1BA1BR,1BA$2.05
Sunrise 111x1 Afforable1BR,1BA$1.99
QUINN BY VINTAGET9611A1BR,1BA$2.13
Parkway Apartments1 Beds, 1 Baths1BR,1BA$2.24

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Seattle Apartment Guide: Find Your Rental Near Tech Hubs like Amazon, Google, and Adobe

Cut down on your commute! Discover Seattle's top neighborhoods to rent near major employers like Amazon, Meta, and Fred Hutchinson. Find your ideal work-life balance in the Emerald City.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Picking the Perfect Seattle Neighborhood for College Life

Learn About the Best Neighborhoods to Rent Near College Campuses in Seattle, WA | Find Seattle Off-Campus Student Housing at ApartmentHomeLiving.com

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake Forest Park, WA Rentals by Map

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See the most popular apartments and homes in Lake Forest Park, WA

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Frequently Asked Questions about Lake Forest Park

What type of rentals are currently available in Lake Forest Park?

There are currently 382 Apartments for Rent in Lake Forest Park, WA with pricing that ranges from $965 to $10,059. There are also 82 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest Park ranging from $740 to $8,950.

What is the current price range for Rental Homes in Lake Forest Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Forest Park ranges from $740 to $8,950 with an average monthly rent of $4,146.

How much are larger Three and Four Bedroom Rentals in Lake Forest Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Forest Park range from $1,850 to $9,304, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $5,450. Four Bedroom Single-Family rentals are also available starting from $3,725 and Four Bedroom Apartments start at $6,757.

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

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The 10 Best Affordable Neighborhoods in Seattle, WA

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. My husband, two children, and I moved to West Seattle in 1995.

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Picking the Perfect Seattle Neighborhood for College Life

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. Whether you're new to Seattle or grew up here, the neighborhood where you live makes a huge difference while attending college.

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Seattle Apartment Guide: Find Your Rental Near Tech Hubs like Amazon, Google, and Adobe

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. We're blessed to live in Seattle, affectionately known as the Emerald City.

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Seattle Short-Term Rentals: Where to Live for a Month (or Three) in the Emerald City

Written by: Sharon Stallings

Greetings! I’m Sharon, your local Seattle expert at ApartmentHomeLiving.com. If you’re looking for short-term rentals, I can help you make an informed choice.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.