
Cheap Homes for Rent in Lake Forest Neighborhood of Minneapolis, MN from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Forest area of Minneapolis.


3224 Hennepin Ave

5911 Oxford St

5911 Oxford St, Unit 818 Old Settlers Trl, 7
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.

3150 Excelsior Blvd

2931 Natchez Ave S

7414 W 22nd St, Unit 112

2504 Girard Avenue South, Unit Lower 1
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.
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 | $2,289 | $1,575 | $2,850 |
| Lake Forest 3 Bedroom Homes for Rent | $2,524 | $1,940 | $3,295 |
| Lake Forest 4 Bedroom Homes for Rent | $2,982 | $2,850 | $3,199 |
| Lake Forest 5 Bedroom Homes for Rent | $5,375 | $4,250 | $6,500 |
| Lake Forest 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 1 Bed unit found at 1707 Glenwood Ave priced from $850. Brittany Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Lake Forest apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1707 Glenwood Ave | 1 bedroom | 1BR,1BA | $850 |
| Brittany Apartments | Studio | Studio,1BA | $925 |
| Uptown West | Uptown West - Studio (A) | Studio,1BA | $942 |
Best Value Apartments for Rent in Lake Forest, MN
As of June 20, 2026 the best value apartment in the Lake Forest area is the $0.69 price per square foot 1023 James Ave N Model at 1023 James Ave N, Unit 1023 in the in the Greater Near North neighborhood starting from $1,500. The second greatest value Lake Forest apartment is the 2912 France Ave S Model at 2912 France Ave S starting at $1,875 with a $1.44 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. |
|---|---|---|---|
| 1023 James Ave N, Unit 1023 | 1023 James Ave N | 2BR,1BA | $0.69 |
| 2912 France Ave S | 2912 France Ave S | 2BR,1BA | $1.44 |
| Lake West on France | 2 Bed - 1 Bath | 2BR,1BA | $1.41 |
| Westlake Estate Apartments | 2BD 1.5 BA - 3rd Floor | 2BR,1.5BA | $1.50 |
| Hampshire House | The Alvin | 2BR,1BA | $1.38 |
| Park Embassy | One Bedroom Extra Large Upgraded | 1BR,1BA | $1.42 |
| 1707 Glenwood Ave | 1 bedroom | 1BR,1BA | $1.00 |
| Park Villa Apartments | 2BR/1.0BA | 2BR,1BA | $1.52 |
| 3701 West Lake St. | 1 | 1BR,1BA | $1.55 |
| Q2 | 1 Bedroom | 1BR,1BA | $1.50 |
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.
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 ArticleReal 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.
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 #30
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 397 Apartments for Rent in Lake Forest, MN with pricing that ranges from $595 to $15,685. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,145 to $6,500.
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 $1,145 to $6,500 with an average monthly rent of $2,872.
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 $1,399 to $4,634, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,940 to $3,295. Four Bedroom Single-Family rentals are also available starting from $2,850 and Four Bedroom Apartments start at $2,099.
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

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.

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.