
Cheap Apartments for Rent in the Lake Forest Neighborhood of Minneapolis, MN from $500 (168 Rentals) Page 2 of 4
Search the lowest-cost Apartments available for rent right now in the Lake Forest area of Minneapolis.


Total Monthly Price
Mount Royal Apartments

3103 Irving Ave S

4578 Cedar Lake Rd S, Unit Cedar Trails 4578 #2

1800 Lake

Northside Artspace Lofts

1708 Glenwood Ave

224 Cedar Lake Road North

1707 Glenwood Ave

3332 Hennepin
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.

Holmes Apartments

2871 and 2875 Irving Ave S

Santa Rosa Apartments

Uptown Classics Apartments

2932 Drew Ave S

James Apartments | 2886

Anderson Holmes

2716 Hennepin Ave

The Fuller Apartments

Ernestine Apartments
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.

2700 Humboldt

Mint Properties - Minneapolis

3033 James Ave S

3252 Girard

Park Point Apartments II

3117 Girard Ave S

2649 Humboldt Ave S

2715 Humboldt Ave S

Lagoon Avenue Estates

1419 West 27th
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.

Humboldt Terrace

3116 Girard Apartments

3411 Hennepin Ave

1312 W 32nd St

Prox31

2222 Girard Ave S

Olson Park Apartments

3150 Excelsior Blvd

1328 Idaho Ave S

3021 Holmes Ave S
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.

3333 Hennepin

Arbor Court

Westwood Apartments

2901 James Avenue South

Alexander Apartments

Greenway Commons

3128 Salem Ave

2817 Xerxes Ave S

The Mezz at West Lake Quarter

2806 Xerxes Ave S
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!
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 | $1,454 | $595 | $2,211 |
| Lake Forest 1 Bedroom Apartments | $1,709 | $895 | $3,900 |
| Lake Forest 2 Bedroom Apartments | $2,483 | $775 | $10,000+ |
| Lake Forest 3 Bedroom Apartments | $2,947 | $1,425 | $5,937 |
| Lake Forest 4 Bedroom Apartments | $3,709 | $2,099 | $7,137 |
Browse Apartments in this Neighborhood
There are currently 168 rentals with your search options within a 2 mile radius of the Lake Forest Neighborhood of Minneapolis, MN.
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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 $825, while the average apartment in Lake Forest costs $2,998.
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 24 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 $294 which is $2,704 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.