
Cheap Apartments for Rent in the Lake Forest Neighborhood of Minneapolis, MN from $600 (147 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Forest area of Minneapolis.


Mall Apartments

Portage Apartments

Total Monthly Price
Knox and Lagoon Apartments

Total Monthly Price
5747 Glenwood Ave

Park Plaza

224 N Humboldt Ave

Nox Apartments

Deco 265

3308 Girard Ave S
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.

Axon Green

Yorkshire Apartments

3701 Lake St

Humboldt Terrace

Lake West on France

Total Monthly Price
2739 Girard Ave S

Lumos Apartments

North Creek

Marbella on Dean

The Theodore Apartments 55+
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.

Total Monthly Price
2920 Dean Parkway Apartments

2800 Girard Apartments

825 Russell Ave N

The Bryn

2881 Irving Ave S

Overlook on 100

405 N Queen Ave

The Walkway

Boutique 28

3308 Girard Ave S
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.

238 N Irving Ave

Be @ Axon Green

The Gateway at West Lake Quarter

Foundry Lake Street

2212 Glenwood Ave

Talo

Total Monthly Price
Tula

1349 Pennsylvania Ave S

Xenia Apartments

The Bohen Apartments
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

1800 Lake

Arcata Apartments

Total Monthly Price
235 Logan Ave N, Unit 1

Northside Artspace Lofts

Hennepin Apartment Homes

3332 Hennepin

1435 West 31st St

1708 Glenwood Ave

Granada

2871 and 2875 Irving Ave S
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.
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 | $1,414 | $850 | $2,211 |
| Lake Forest 1 Bedroom Apartments | $1,727 | $925 | $3,900 |
| Lake Forest 2 Bedroom Apartments | $2,513 | $1,030 | $10,000+ |
| Lake Forest 3 Bedroom Apartments | $3,259 | $1,579 | $6,327 |
| Lake Forest 4 Bedroom Apartments | $4,108 | $2,350 | $7,958 |
Browse Apartments in this Neighborhood
There are currently 147 rentals with your search options within a 2 mile radius of the Lake Forest Neighborhood of Minneapolis, MN.
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Lake Forest, Minneapolis, MN Local Guide
- Nearby Minneapolis neighborhoods
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- Local Counties
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Cheapest Available Lake Forest Apartments for Rent
 The cheapest available apartment rental in the Lake Forest area of Minneapolis, MN is a Studio unit found at Mall Apartments priced from $860. 2876 Humboldt Ave S has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Lake Forest apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mall Apartments | Studio | Studio,1BA | $860 |
| 2876 Humboldt Ave S | 2876 Efficiency | Studio,1BA | $875 |
| 3220 Girard Ave S | 0BR/1.0BA | Studio,1BA | $910 |
| Knox and Lagoon Apartments | Garden Level Efficiency | 1BR,1BA | $925 |
| Brittany Apartments | Studio | Studio,1BA | $925 |
| Santa Rosa Apartments | 1 Bedroom | 1BR,1BA | $934 |
| Uptown West Apartments | Studio A | Studio,1BA | $946 |
| 2817 Xerxes Ave S | 1BR/1.0BA | 1BR,1BA | $965 |
| Huntington Ave Apartments | 1 Bedroom | 1BR,1BA | $999 |
Best Value Apartments for Rent in Lake Forest, MN
As of March 14, 2026 the best value apartment in the Lake Forest area is the $1.30 price per square foot Two Bedroom Model at Park Embassy in the in the West Calhoun neighborhood starting from $1,555. The second greatest value Lake Forest apartment is the 2 Bedroom 1.5 Bath Townhouse Model at Villa Capri starting at $1,725 with a $1.44 price per square foot in the West Calhoun 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. |
|---|---|---|---|
| Park Embassy | Two Bedroom | 2BR,2BA | $1.30 |
| Villa Capri | 2 Bedroom 1.5 Bath Townhouse | 2BR,1.5BA | $1.44 |
| 235 Logan Ave N, Unit 1 | 235 Logan Ave N | 2BR,1BA | $1.36 |
| 2920 Dean Parkway Apartments | The Harriet | 2BR,1BA | $1.50 |
| Laurel West End | Laurel West | Two Bed A | 2BR,1BA | $1.44 |
| Westlake Estate Apartments | 2BD 1.5 BA - 3rd Floor | 2BR,1.5BA | $1.50 |
| Rhode Island Chateau Apartments | Two Bedroom | 1BR,1BA | $1.45 |
| 3701 Lake St | One Bedroom | 1BR,1BA | $1.48 |
| 5747 Glenwood Ave | 5747 Glenwood Ave | 1BR,1BA | $1.38 |
| Santa Rosa Apartments | 1 Bedroom | 1BR,1BA | $1.51 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 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 #31
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Minneapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, places to raise kids, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Lake Forest Apartments
What is the Cheapest Studio apartment in Lake Forest?
Currently the most affordable Cheap Studio Apartment in Lake Forest is at Mall Apartments listed at $860.
How much is rent for a Cheap One Bedroom Lake Forest Apartment?
The lowest price for a Cheap One Bedroom Lake Forest Apartment is $925 at Knox and Lagoon Apartments.
What is the lowest price for a Cheap Two Bedroom Lake Forest Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake Forest is starting from $1,389 at Park Trails.
What is the most affordable Lake Forest Three Bedroom Apartment?
The best deal on a cheap Lake Forest Three Bedroom Apartment rental is at 3030 Irving Ave S and starts from $1,890.
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
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips

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.

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.

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.

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.