Cheap Homes for Rent near Lake Forest Park, WA from $700 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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 Now

5003 240th Pl SW

Mountlake TerraceWA98043

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.

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.

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 in the Olympic Hills neighborhood priced from $899. Lake City Apartments in the Olympic Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here is today’s list of the most affordable Lake Forest Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bode 125MFTE - StudioStudio,1BA$899
Lake City ApartmentsMA-0bd1bathStudio,1BA$995
Altaire at Jackson ParkStudioStudio,1BA$999
The Tony LeeStudioStudio,1BA$1,000
Heron Landing Senior Apartments1x11BR,1BA$1,130

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

As of July 09, 2026 the best value apartment in the Lake Forest Park area is the $1.61 price per square foot T9632A Model at QUINN BY VINTAGE in the in the Shoreline neighborhood starting from $1,899. The second greatest value Lake Forest Park apartment is the 2BD/BA Model at Inglewood Forest Apartments starting at $2,249 with a $1.98 price per square foot in the Inglewood 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.
QUINN BY VINTAGET9632A3BR,2BA$1.61
Inglewood Forest Apartments2BD/BA2BR,2BA$1.98
Sunset Villa2BR/1.0BA2BR,1BA$2.03
19837 25th Ave NE2 Beds, 1 Baths2BR,1BA$1.77
Promenade at the Park Apartment HomesOne Bedroom One Bathroom1BR,1BA$1.99
Willows Court Apartment HomesOne Bedroom One Bath1BR,1BA$1.97
HIDDEN CREEK VILLAGEOne Bedroom One Bath1BR,1BA$1.93
King Arthurs CourtOne Bedroom One Bathroom1BR,1BA$2.18
Sunrise 111x11BR,1BA$1.95
Heron Landing Senior Apartments1x11BR,1BA$1.90

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
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Lake Forest Park, WA Rentals by Map

View Map
Lake Forest Park, WA Apartments Map
View Map
Lake Forest Park, WA Rental Homes Map

Frequently Asked Questions about Lake Forest Park

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

There are currently 385 Apartments for Rent in Lake Forest Park, WA with pricing that ranges from $790 to $8,879. There are also 78 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest Park ranging from $780 to $10,750.

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 $780 to $10,750 with an average monthly rent of $4,097.

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 $7,256, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,475 to $4,445. Four Bedroom Single-Family rentals are also available starting from $1,975 and Four Bedroom Apartments start at $790.

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

decorative image for The 10 Best Affordable Neighborhoods in Seattle, WA article

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.

decorative image for Picking the Perfect Seattle Neighborhood for College Life article

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.

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

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.

decorative image for The Emerald Citys Secrets: A 30-Year Locals Guide to Renting in Seattle article

The Emerald Citys Secrets: A 30-Year Locals Guide to Renting in Seattle

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. I've lived here for 30+ years and have watched the city grow while holding onto what makes it unique.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.