
Cheap Apartments for Rent in the Lake Forest Neighborhood of Minneapolis, MN from $600 (153 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

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Portage Apartments

Lumos Apartments

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2739 Girard Ave S

Deco 265

Yorkshire Apartments

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2832 Humboldt Ave S.
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.

240 N Irving Ave

Axon Green

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Lake West on France

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3701 West Lake St.

North Creek

3120 Hennepin Ave, Unit 307, Unit 307

Nox Apartments

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2800 Girard Apartments

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The Theodore Apartments 55+

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2920 Dean Parkway 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.

The Walkway

Park Plaza

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Overlook on 100

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The Bohen Apartments

Marbella on Dean

Boutique 28

2212 Glenwood Ave

Foundry Lake Street

2929 Natchez Ave S

Talo
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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The Bryn

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Be @ Axon Green

2928 Dean Pky, Unit 5B, Unit 5B

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Tula

1425 W 28th St

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The Gateway at West Lake Quarter

2150 Ridge Dr, Unit 38, Unit 38

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Arcata Apartments

Xenia Apartments

1800 Lake
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.

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227 N Humboldt Ave N, Unit 1, Unit 1

2728 Humboldt

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Mount Royal Apartments

LakeHaus

3600 Pennsylvania Ave S

Northside Artspace Lofts

1708 Glenwood Ave

3332 Hennepin

Holmes Apartments

2871 and 2875 Irving Ave S
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.
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 | $1,425 | $850 | $2,211 |
| Lake Forest 1 Bedroom Apartments | $1,714 | $925 | $3,900 |
| Lake Forest 2 Bedroom Apartments | $2,524 | $1,030 | $10,000+ |
| Lake Forest 3 Bedroom Apartments | $3,267 | $1,579 | $6,591 |
| Lake Forest 4 Bedroom Apartments | $4,265 | $2,099 | $7,696 |
Browse Apartments in this Neighborhood
There are currently 153 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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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 $850. Mall Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $860. 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 | $850 |
| Mall Apartments | Studio | Studio,1BA | $860 |
| Brittany Apartments | Studio | Studio,1BA | $925 |
| Santa Rosa Apartments | 1 Bedroom | 1BR,1BA | $934 |
| Uptown West | Uptown West - Studio (A) | Studio,1BA | $942 |
| Q2 | 1 Bedroom | 1BR,1BA | $995 |
| Ernestine Apartments | King | Studio,1BA | $999 |
| Girard Apartments | 1 Bedroom | 1BR,1BA | $1,010 |
| 3551-3559 Huntington Ave S. | 1-BR | 1BR,1BA | $1,049 |
| Colonial Terrace | Studio | Studio,1BA | $1,049 |
Best Value Apartments for Rent in Lake Forest, MN
As of April 29, 2026 the best value apartment in the Lake Forest area is the $1.42 price per square foot 2237 Hampshire Ave S Model at 2237 Hampshire Ave S, Unit 2 in the in the Elmwood neighborhood starting from $2,600. The second greatest value Lake Forest apartment is the The Benton Model at 2920 Dean Parkway Apartments starting at $1,390 with a $1.26 price per square foot in the Calhoun Isles 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. |
|---|---|---|---|
| 2237 Hampshire Ave S, Unit 2 | 2237 Hampshire Ave S | 3BR,2BA | $1.42 |
| 2920 Dean Parkway Apartments | The Benton | 1BR,1BA | $1.26 |
| Westlake Estate Apartments | 2BD 1.5 BA - 3rd Floor | 2BR,1.5BA | $1.50 |
| Lake West on France | 2 Bed - 1 Bath | 2BR,1BA | $1.46 |
| Boulevard 100 Apartments | Minnetonka 2 Bedroom | 2BR,1.5BA | $1.50 |
| Laurel West End | Laurel West | One Bed B | 1BR,1BA | $1.53 |
| Park Embassy | One Bedroom Extra Large Upgraded | 1BR,1BA | $1.42 |
| Park Plaza | Two Bedroom | 2BR,1BA | $1.49 |
| Park Villa Apartments | 2BR/1.0BA | 2BR,1BA | $1.52 |
| Santa Rosa Apartments | 1 Bedroom | 1BR,1BA | $1.51 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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
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Read ArticleCash 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.
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 $850.
How much is rent for a Cheap One Bedroom Lake Forest Apartment?
The lowest price for a Cheap One Bedroom Lake Forest Apartment is $934 at Santa Rosa 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 $1,250 at Park Villa 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 Boulevard 100 Apartments and starts from $2,120.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.