
Cheap 2 Bedroom Apartments for Rent in the Lake Forest Neighborhood of Minneapolis, MN from $775 (53 Rentals)


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Knox and Lagoon Apartments

3523 Hennepin Ave S

3525 Hennepin Ave S

1715 Glenwood Ave

Park Plaza

3004 Ottawa Ave S

2208-2210 Glenwood Ave

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Lake West on France

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The Theodore Apartments 55+
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.

3600 Pennsylvania Ave S

1023 James Ave N, Unit 1023

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227 N Humboldt Ave N, Unit 1

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Overlook on 100

2504 Girard Avenue South, Unit Lower 1

Hennepin Apartments

3116 Girard Apartments

1312 W 32nd St

Park Point Apartments II

2806 Xerxes Ave S
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

2700 Humboldt

Humboldt Terrace

Lagoon Avenue Estates

2901 James Avenue South

Olson Park Apartments

Greenway Commons

2817 Xerxes Ave S

2905 & 2915 Dean Parkway

Park Villa Apartments

Lynn Plaza Apartments
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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Hampshire House

Park Point Properties

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Westwood Gardens

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Lou Park

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Rhode Island Chateau Apartments

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Minikahda Court Apartments

Boulevard 100 Apartments

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Joppa Lane

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L and E Apartments

Westlake Estate Apartments
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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Park Trails Apartments

The Edge of Uptown

Park West Apartments

Park Embassy

Colonial Apartments

4108 31st St W

4020 31st St W

Minnetonka Blvd Apartments

4008 31st St W

Louisiana Court Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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Lake Forest, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Lake Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Forest Studio Apartments | $1,438 | $595 | $2,211 |
| Lake Forest 1 Bedroom Apartments | $1,698 | $895 | $3,900 |
Lake Forest 2 Bedroom Apartments | $2,469 | $775 | $10,000+ |
| Lake Forest 3 Bedroom Apartments | $2,924 | $1,399 | $4,634 |
| Lake Forest 4 Bedroom Apartments | $3,709 | $2,099 | $7,137 |
Explore Minneapolis
Lake Forest, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
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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.
Read ArticleEnjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
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.
Pet Friendly LifestyleLake Forest, Minneapolis, MN
Ranked #30
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Lake Forest Apartments
What is a cheap apartment in Lake Forest?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Forest is under $1,130.
What is the price of a cheap apartment in Lake Forest?
The cheapest apartment in Lake Forest is Park Villa Apartments which is listed at $1,250, while the average apartment in Lake Forest costs $2,944.
What types of apartments are the cheapest in Lake Forest?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 17 regular apartments in Lake Forest that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lake Forest?
Cheap apartments in Lake Forest have an average cost of $263 which is $2,681 cheaper than the average rent for all rentals in Lake Forest.
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 the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

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Articles, How-To's, and Tips

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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.

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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
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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.