
Cheap Apartments for Rent in the Lake Forest Neighborhood of Minneapolis, MN from $600 (135 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Forest area of Minneapolis.


Mall Apartments

Knox and Lagoon Apartments

2932 Drew Ave S

Total Monthly Price
Girard Apartments

Axon Green

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Alexander Apartments

Portage Apartments

3701 Lake St

Humboldt Terrace
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.

2235 Quebec Ave S

The Theodore Apartments 55+

Total Monthly Price
Lake West on France

North Creek

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2739 Girard Ave S

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Nox Apartments

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2920 Dean Parkway Apartments

Walkway

Deco 265

The Bryn
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.

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Lumos Apartments

Boutique 28

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The Bohen Apartments

Marbella on Dean

The Gateway at West Lake Quarter

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Be @ Axon Green

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Foundry Lake Street

1349 Pennsylvania Ave S

Tula

Park Plaza
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.

Arcata Apartments

LakeHaus

Mount Royal Apartments

The Eloise Apartments
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.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,369 | $800 | $2,210 |
| Lake Forest 1 Bedroom Apartments | $1,704 | $875 | $3,900 |
| Lake Forest 2 Bedroom Apartments | $2,593 | $1,030 | $10,000+ |
| Lake Forest 3 Bedroom Apartments | $3,151 | $1,533 | $5,628 |
| Lake Forest 4 Bedroom Apartments | $2,495 | $2,495 | $2,495 |
Browse Apartments in this Neighborhood
There are currently 135 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 Studio unit found at 2876 Humboldt Ave S priced from $800. Yorkshire Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here are the most affordable Lake Forest apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2876 Humboldt Ave S | 2876 Efficiency | Studio,1BA | $800 |
| Yorkshire Apartments | 3125 Holmes Ave - Studio | Studio,1BA | $840 |
| 3030 Irving Ave S | 0BR/1.0BA | Studio,1BA | $885 |
| 3201 Girard Ave S | 0BR/1.0BA | Studio,1BA | $895 |
| Brittany Apartments | Studio | Studio,1BA | $925 |
| 3220 Girard Ave S | 1BR/1.0BA | 1BR,1BA | $935 |
| 2932 Drew Ave S | 1 Bedroom | 1BR,1BA | $975 |
| Girard Apartments | 1 Bedroom | 1BR,1BA | $979 |
| Calhoun Beach Apartments | 1BR/1.0BA | 1BR,1BA | $995 |
| 1325 West 27th St | 1BR/1.0BA | 1BR,1BA | $995 |
Best Value Apartments for Rent in Lake Forest, MN
As of October 27, 2025 the best value apartment in the Lake Forest area is the $1.31 price per square foot 621 Morgan Ave N Model at 621 Morgan Ave N, Unit 1 in the in the Greater Near North neighborhood starting from $1,650. The second greatest value Lake Forest apartment is the Two Bedroom Model at Park Embassy starting at $1,555 with a $1.30 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. |
|---|---|---|---|
| 621 Morgan Ave N, Unit 1 | 621 Morgan Ave N | 2BR,1BA | $1.31 |
| Park Embassy | Two Bedroom | 2BR,2BA | $1.30 |
| Villa Capri | 2 Bedroom 1.5 Bath Townhouse | 2BR,1.5BA | $1.44 |
| 2920 Dean Parkway Apartments | The Benton | 1BR,1BA | $1.15 |
| Westlake Estate Apartments | 2BD 1.5 BA - 3rd Floor | 2BR,1.5BA | $1.50 |
| Rhode Island Chateau Apartments | Two Bedroom | 1BR,1BA | $1.45 |
| Huntington Ave Apartments | 2 Bedroom | 2BR,1BA | $1.47 |
| 2932 Drew Ave S | 1 Bedroom | 1BR,1BA | $1.22 |
| 3701 Lake St | One Bedroom | 1BR,1BA | $1.48 |
| Calhoun Beach Apartments | 1BR/1.0BA | 1BR,1BA | $1.44 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 #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 the Cheapest Studio apartment in Lake Forest?
Currently the most affordable Cheap Studio Apartment in Lake Forest is at 2876 Humboldt Ave S 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 $935 at 3220 Girard Ave S.
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 $1,250 at Huntington Ave Apartments.
What is the most affordable Lake Forest Three Bedroom Apartment?
The best deal on a cheap Lake Forest Three Bedroom Apartment rental is at Zelia on Seven and starts from $2,529.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.















