Cheap Apartments for Rent in the Lake Forest Neighborhood of Minneapolis, MN from $500 (142 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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Knox and Lagoon Apartments
$895 - $1,450
Total Monthly Price12 Month Lease Term

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$895 - $1,450

Total Monthly Price
$895 - $1,450
1 to 2 Bedroom Apartments Contact Us For Availability

Knox and Lagoon Apartments

2901 Knox Ave SMinneapolis, MN 55408
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6220 W 34th St, Unit 3
$895
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895
1 Bedroom Apartment Available Sep 1

6220 W 34th St, Unit 3

6220 W 34th StMinneapolis, MN 55416
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Girard Apartments
$1,010
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Base Rent
$995
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Girard Apartments

3253 Girard Ave SMinneapolis, MN 55408
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2212 Girard Ave S
$1,050 - $1,350
Total Monthly Price12 Month Lease Term

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Base Rent
$1,050 - $1,350

Total Monthly Price
$1,050 - $1,350
1 to 2 Bedroom Apartment Available Aug 1

2212 Girard Ave S

2212 Girard Ave SMinneapolis, MN 55405
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Nox Apartments
Rent Specials
$1,131 - $1,866
Total Monthly Price

Total Monthly Price

Base Rent
$1,061 - $1,796
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Studio to 2 Bedroom Apartments Available Now

Nox Apartments

2703 Girard Ave SMinneapolis, MN 55408
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Overlook on 100
Rent Specials
$1,145 - $1,550
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,145 - $1,550

Total Monthly Price
$1,145 - $1,550
1 to 2 Bedroom Apartments Available Now

Overlook on 100

2524 Highway 100 SMinneapolis, MN 55416
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Lake West on France
$1,160 - $1,560
Total Monthly Price12 Month Lease Term

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Base Rent
$1,095 - $1,495
Required Monthly Fees
$65

Total Monthly Price
$1,160 - $1,560
1 to 2 Bedroom Apartments Available Now

Lake West on France

3028 Ewing Ave SMinneapolis, MN 55416
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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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Lumos Apartments
Rent Specials
$1,170 - $2,215
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$1,100 - $2,145
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Studio to 2 Bedroom Apartments Available Now

Lumos Apartments

2826 Girard Ave SMinneapolis, MN 55408
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The Theodore Apartments 55+
Rent Specials
$1,203 - $1,438
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,434
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1 to 2 Bedroom Apartments Available Now

The Theodore Apartments 55+

2840 N Wayzata BlvdMinneapolis, MN 55405
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Portage Apartments
$1,255 - $1,295
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$1,255 - $1,295

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1 Bedroom Apartments Available Sep 1

Portage Apartments

3146 W Bde Maka Ska BlvdMinneapolis, MN 55416
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The Bryn
$1,260 - $1,490
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $1,425
Required Monthly Fees
$65

Total Monthly Price
$1,260 - $1,490
1 Bedroom Apartments Available Sep 1

The Bryn

2823 Wayzata BlvdMinneapolis, MN 55405
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Bohen Apartments
Rent Specials
$1,411 - $3,485
Total Monthly Price

Total Monthly Price

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$1,330 - $3,404
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Studio to 3 Bedroom Apartments Available Now

The Bohen Apartments

2851 Hennepin AveMinneapolis, MN 55408
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Arcata Apartments
$1,413 - $2,853
Total Monthly Price

Total Monthly Price

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$1,402 - $2,842
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Studio to 2 Bedroom Apartments Available Aug 10

Arcata Apartments

901 Xenia Ave SMinneapolis, MN 55416
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Be @ Axon Green
$1,484 - $4,879
Total Monthly Price

Total Monthly Price

Base Rent
$1,480 - $4,875
Required Monthly Fees
$4

Total Monthly Price
$1,484 - $4,879
Studio to 2 Bedroom Apartments Available Now

Be @ Axon Green

3144 Chowen Ave SMinneapolis, MN 55416
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Foundry Lake Street
Rent Specials
$1,496 - $4,421
Total Monthly Price

Total Monthly Price

Base Rent
$1,496 - $4,421

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Foundry Lake Street

3118 West Lake StMinneapolis, MN 55416
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Marbella on Dean
Rent Specials
$1,558 - $3,203
Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $3,195
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Studio to 2 Bedroom Apartments Available Now

Marbella on Dean

3036 W Lake StMinneapolis, MN 55416
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Tula
Rent Specials
$1,575 - $1,695
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,575 - $1,695

Total Monthly Price
$1,575 - $1,695
1 Bedroom Apartments Available Oct 1

Tula

3009 Holmes Ave SMinneapolis, MN 55408
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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.

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Talo
$1,580 - $4,553
Total Monthly Price

Total Monthly Price

Base Rent
$1,580 - $4,553

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Talo

5100 Wayzata BlvdMinneapolis, MN 55416
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property at 401 Morgan Ave N

$1,595

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

2 Bedroom, 1 Bath Townhome for Rent

Available Oct 1

401 Morgan Ave N, Unit Floor 1

401 Morgan Ave N
MinneapolisMN55405
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2514 Girard Ave S
Studio to 2 Bedroom Apartments

2514 Girard Ave S

2514 Girard Ave SMinneapolis, MN 55405
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Northside Artspace Lofts
Studio to 3 Bedroom Apartments

Northside Artspace Lofts

229 N Irving AveMinneapolis, MN 55405
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3332 Hennepin
Studio to 1 Bedroom Apartments

3332 Hennepin

3332 Hennepin AveMinneapolis, MN 55408
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Holmes Apartments
Studio to 3 Bedroom Apartments

Holmes Apartments

1435 W 31st StMinneapolis, MN 55408
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1708 Glenwood Ave
Studio to 1 Bedroom Apartments

1708 Glenwood Ave

1708 Glenwood Ave NMinneapolis, MN 55405

Lake Forest - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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1707 Glenwood Ave
1 to 2 Bedroom Apartments

1707 Glenwood Ave

1707 Glenwood Ave NMinneapolis, MN 55405
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Santa Rosa Apartments
1 Bedroom Apartments

Santa Rosa Apartments

3242 Girard Ave SMinneapolis, MN 55408
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2932 Drew Ave S
1 Bedroom Apartments

2932 Drew Ave S

2932 Drew Ave SMinneapolis, MN 55416
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Greenway Commons
Studio to 2 Bedroom Apartments

Greenway Commons

3811 W 31st StMinneapolis, MN 55416
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James Apartments | 2886
Studio to 1 Bedroom Apartments

James Apartments | 2886

2886 James Ave SMinneapolis, MN 55408
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Anderson Holmes
1 Bedroom Apartments

Anderson Holmes

3037 Holmes AveMinneapolis, MN 55408
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2716 Hennepin Ave
Studio to 2 Bedroom Apartments

2716 Hennepin Ave

2716 Hennepin AveMinneapolis, MN 55408
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2700 Humboldt
Studio to 2 Bedroom Apartments

2700 Humboldt

2700 Humboldt Ave SMinneapolis, MN 55408
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 Brittany Apartments priced from $925. Park Plaza has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,020. Here are the most affordable Lake Forest apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Brittany ApartmentsStudioStudio,1BA$925
Park PlazaOne Bedroom1BR,1BA$1,020
3551-3559 Huntington Ave S.1-BR1BR,1BA$1,049
Zelia on SevenA1-50 - Income Restrictions ApplyStudio,1BA$1,054
3220 Girard Ave S1BR/1.0BA1BR,1BA$1,085
Q21 Bedroom1BR,1BA$1,125
Nox ApartmentsCalypsoStudio,1BA$1,131
Ernestine ApartmentsBell1BR,1BA$1,145
Overlook on 100Overlook on 100 1 Bedroom 1 Balcony1BR,1BA$1,145
Westwood Gardens1br1BR,1BA$1,150

Best Value Apartments for Rent in Lake Forest, MN

As of July 29, 2026 the best value apartment in the Lake Forest area is the $1.36 price per square foot Laurel West | Two Bed E Model at Laurel West End in the in the Blackstone neighborhood starting from $1,753. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Laurel West EndLaurel West | Two Bed E2BR,2BA$1.36
Westlake Estate Apartments2BD 1.5 BA - 3rd Floor2BR,1.5BA$1.50
1619 Lagoon Ave2BR/1.0BA2BR,1BA$1.43
Hampshire HouseThe Alvin2BR,1BA$1.42
Park EmbassyOne Bedroom Large1BR,1BA$1.52
Park Villa Apartments2BR/1.0BA2BR,1BA$1.52
Rhode Island Chateau Apartments11BR,1BA$1.48
Boulevard 100 ApartmentsHarriet 1 Bedroom1BR,1BA$1.57
Lake West on France1 Bed - 1 Bath1BR,1BA$1.55
Westwood Gardens1br1BR,1BA$1.53

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.

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Enjoy 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.

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Real 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.

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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.

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Pet Friendly Lifestyle
Lake Forest, Minneapolis, MN

Ranked #26

Among cities in Minnesota 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 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 $1,150.

What is the price of a cheap apartment in Lake Forest?

The cheapest apartment in Lake Forest is Park Plaza which is listed at $1,020, while the average apartment in Lake Forest costs $2,804.

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 18 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 $329 which is $2,475 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

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Authentic Minneapolis: An Insider's 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.

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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.

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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.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.