
Cheap Apartments for Rent in the Lake Forest Neighborhood of Minneapolis, MN from $600 (181 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Forest area of Minneapolis.


Mall Apartments

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Knox and Lagoon Apartments

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Girard Apartments

Park Plaza

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Portage Apartments

3308 Girard Ave S, Unit 101

Lumos Apartments

Yorkshire Apartments

Nox Apartments
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.

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2832 Humboldt Ave S.

240 N Irving Ave

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Lake West on France

Axon Green

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2800 Girard Apartments

3523 Hennepin Ave S

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3701 West Lake St.

North Creek

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5813 W 25 1/2 St, Unit Lower Level

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The Theodore Apartments 55+
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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2920 Dean Parkway Apartments

2733 Girard Ave S

1715 Glenwood Ave

2208-2210 Glenwood Ave

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Overlook on 100

Boutique 28

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The Bohen Apartments

3004 Ottawa Ave S

Deco 265

The Walkway
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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Marbella on Dean

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The Bryn

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Tula

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Be @ Axon Green

1820 3rd Ave N

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3540 Hennepin Avenue, Unit #307

2226 Glenwood Ave

2728 Humboldt

Foundry Lake Street

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Arcata Apartments
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.

1425 W 28th St

3600 Pennsylvania Ave S

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The Gateway at West Lake Quarter

Xenia Apartments

2504 Girard Avenue South, Unit Lower 1

627-627 Penn Ave S

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Mount Royal Apartments

3103 Irving Ave S

1800 Lake

Talo
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,448 | $610 | $2,211 |
| Lake Forest 1 Bedroom Apartments | $1,707 | $707 | $3,900 |
| Lake Forest 2 Bedroom Apartments | $2,480 | $850 | $10,000+ |
| Lake Forest 3 Bedroom Apartments | $2,960 | $1,579 | $5,937 |
| Lake Forest 4 Bedroom Apartments | $3,734 | $2,099 | $7,137 |
Browse Apartments in this Neighborhood
There are currently 181 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
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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 1 Bed unit found at 224 Cedar Lake Road North priced from $875. Brittany Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Lake Forest apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 224 Cedar Lake Road North | 1BR/1.0BA | 1BR,1BA | $875 |
| Brittany Apartments | Studio | Studio,1BA | $925 |
| Uptown West | Uptown West - Studio (A) | Studio,1BA | $942 |
| Q2 | 1 Bedroom | 1BR,1BA | $995 |
| Ernestine Apartments | King | Studio,1BA | $1,034 |
| 3551-3559 Huntington Ave S. | 1-BR | 1BR,1BA | $1,049 |
| Portage Apartments | One Bedroom A Lower | 1BR,1BA | $1,075 |
| Lumos Apartments | Idalia | Studio,1BA | $1,093 |
| Lynn Plaza | 1 Bed 1 Bath | 1BR,1BA | $1,095 |
| Yorkshire Apartments | 3125 Holmes Ave - 1 Bedroom | 1BR,1BA | $1,130 |
Best Value Apartments for Rent in Lake Forest, MN
As of June 13, 2026 the best value apartment in the Lake Forest area is the $1.44 price per square foot 2912 France Ave S Model at 2912 France Ave S in the in the West Calhoun neighborhood starting from $1,875. The second greatest value Lake Forest apartment is the 2BD 1.5 BA - 3rd Floor Model at Westlake Estate Apartments starting at $1,499 with a $1.50 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. |
|---|---|---|---|
| 2912 France Ave S | 2912 France Ave S | 2BR,1BA | $1.44 |
| Westlake Estate Apartments | 2BD 1.5 BA - 3rd Floor | 2BR,1.5BA | $1.50 |
| Hampshire House | The Alvin | 2BR,1BA | $1.38 |
| Park Embassy | One Bedroom Extra Large Upgraded | 1BR,1BA | $1.42 |
| Park Villa Apartments | 2BR/1.0BA | 2BR,1BA | $1.52 |
| 3701 West Lake St. | 1 | 1BR,1BA | $1.55 |
| Rhode Island Chateau Apartments | 1L | 1BR,1BA | $1.55 |
| Lake West on France | 1 Bed - 1 Bath | 1BR,1BA | $1.55 |
| 224 Cedar Lake Road North | 1BR/1.0BA | 1BR,1BA | $1.25 |
| Q2 | 1 Bedroom | 1BR,1BA | $1.50 |
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 #28
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 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 224 Cedar Lake Road North which is listed at $875, while the average apartment in Lake Forest costs $2,949.
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 22 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 $307 which is $2,642 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
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

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.

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.

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.