Cheap Apartments for Rent in the Lake Forest Neighborhood of Minneapolis, MN from $600 (150 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Forest area of Minneapolis.

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Lake Forest, Minneapolis, MN Local Guide

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 1708 Glenwood Ave priced from $800. 2876 Humboldt Ave S has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here are the most affordable Lake Forest apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
1708 Glenwood Ave0BR/1.0BAStudio,1BA$800
2876 Humboldt Ave S2876 EfficiencyStudio,1BA$825
1707 Glenwood Ave1 bedroom1BR,1BA$850
Girard ApartmentsStudioStudio,1BA$875
Brittany ApartmentsStudioStudio,1BA$925
James Apartments | 28861 Bedroom1BR,1BA$950
Q21 Bedroom1BR,1BA$979
2633/35 Girard Ave S1BR/1.0BA1BR,1BA$999
Zelia on SevenA1-60 - Income Restrictions ApplyStudio,1BA$1,005
The Venue On Knox ApartmentsS1Studio,1BA$1,037

Best Value Apartments for Rent in Lake Forest, MN

As of June 22, 2025 the best value apartment in the Lake Forest area is the $0.69 price per square foot 1023 James Ave N Model at 1023 James Ave N, Unit 1023 in the in the Greater Near North neighborhood starting from $1,500. The second greatest value Lake Forest apartment is the Two Bedroom Model at Park Embassy starting at $1,525 with a $1.27 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1023 James Ave N, Unit 10231023 James Ave N2BR,1BA$0.69
Park EmbassyTwo Bedroom2BR,2BA$1.27
Villa Capri2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.44
Tamarind2 Bed/ 2 Bath2BR,2BA$1.43
Lou ParkHampshire - Income Restrictions Apply2BR,1BA$1.40
Rhode Island Chateau ApartmentsTwo Bedroom1BR,1BA$1.45
Hampshire HouseThe Simon2BR,1.5BA$1.43
1707 Glenwood Ave1 bedroom1BR,1BA$1.00
2633/35 Girard Ave S1BR/1.0BA1BR,1BA$1.43
1708 Glenwood Ave0BR/1.0BAStudio ,1BA$1.33

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Pet Friendly Lifestyle
Lake Forest, Minneapolis, MN

Ranked #27

Among neighborhoods in Minneapolis, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 1708 Glenwood Ave listed at $800.

How much is rent for a Cheap One Bedroom Lake Forest Apartment?

The lowest price for a Cheap One Bedroom Lake Forest Apartment is $850 at 1707 Glenwood Ave.

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 $1,235 at 1401 W 32nd St.

What is the most affordable Lake Forest Three Bedroom Apartment?

The best deal on a cheap Lake Forest Three Bedroom Apartment rental is at Mount Royal Apartments and starts from $1,550.

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.