
Cheap Homes for Rent in Lake Forest Neighborhood of Minneapolis, MN from $1,400 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Forest area of Minneapolis.


2647 Girard Ave S

2885 Knox Ave S

3540 Hennepin Ave

2050 Ridge Dr
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.

256 Russell Ave S

4820 Park Commons Dr, Unit 234

3030 Lynn Ave

4536 Cedar Lake Rd S, Unit 2
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.

2706 Humboldt Ave S, Unit 302

621 N Morgan Ave

4625 Minnetonka Blvd
The 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.

1400 Lincoln Ave, Unit 1

4424 Cedar Lk Rd S

1416 Jersey Ave S

3244 Humboldt Avenue South, Unit 3244 Side
Lake Forest, Minneapolis, MN Local Guide

How much does it cost to rent a home in Lake Forest?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Forest 2 Bedroom Homes for Rent | $2,128 | $1,499 | $2,750 |
Lake Forest 3 Bedroom Homes for Rent | $2,689 | $2,000 | $4,400 |
Lake Forest 4 Bedroom Homes for Rent | $3,573 | $2,495 | $10,000+ |
Lake Forest 5 Bedroom Homes for Rent | $2,797 | $2,745 | $2,850 |
Browse Homes for Rent in this Neighborhood
There are currently 16 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 $825. 3030 Irving Ave S has the second lowest priced unit, which is a Studio apartment currently listed from $885. 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 | $825 |
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 |
224 Cedar Lake Road North | 1BR/1.0BA | 1BR,1BA | $950 |
Best Value Apartments for Rent in Lake Forest, MN
As of September 14, 2025 the best value apartment in the Lake Forest area is the $0.97 price per square foot 3BR/1.0BA Model at 1435 West 31st St in the in the Calhoun Isles neighborhood starting from $1,495. 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. |
---|---|---|---|
1435 West 31st St | 3BR/1.0BA | 3BR,1BA | $0.97 |
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 | $1.25 |
Rhode Island Chateau Apartments | Two Bedroom | 1BR,1BA | $1.45 |
2932 Drew Ave S | 1 Bedroom | 1BR,1BA | $1.22 |
5747 Glenwood Ave, Unit 12 | 5747 Glenwood Ave | 1BR,1BA | $1.38 |
224 Cedar Lake Road North | 1BR/1.0BA | 1BR,1BA | $1.36 |
2633/35 Girard Ave S | 1BR/1.0BA | 1BR,1BA | $1.41 |
Calhoun Beach Apartments | 1BR/1.0BA | 1BR,1BA | $1.44 |
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Pet Friendly LifestyleLake Forest, Minneapolis, MN
Ranked #29
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Lake Forest
What type of rentals are currently available in Lake Forest?
There are currently 385 Apartments for Rent in Lake Forest, MN with pricing that ranges from $825 to $15,685. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,450 to $10,000.
What is the current price range for Rental Homes in Lake Forest?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Forest ranges from $1,450 to $10,000 with an average monthly rent of $2,550.
How much are larger Three and Four Bedroom Rentals in Lake Forest?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Forest range from $1,495 to $5,208, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $4,400. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $3,630.
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.