Cheap Homes for Rent in Lake Forest Neighborhood of Minneapolis, MN from $1,400 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in the Lake Forest area of Minneapolis.

property at 2885 Knox Ave S

2885 Knox Ave S

MinneapolisMN55408

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.

property at 4820 Park Commons Dr

4820 Park Commons Dr, Unit 234

4820 Park Commons Dr
St. Louis ParkMN55416
property at 4536 Cedar Lake Rd S

4536 Cedar Lake Rd S, Unit 2

4536 Cedar Lake Rd S
St. Louis ParkMN55416

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.

property at 2706 Humboldt Ave S

2706 Humboldt Ave S, Unit 302

2706 Humboldt Ave S
MinneapolisMN55408
property at 4625 Minnetonka Blvd

4625 Minnetonka Blvd

St. Louis ParkMN55416

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.

property at 1400 Lincoln Ave

1400 Lincoln Ave, Unit 1

1400 Lincoln Ave
MinneapolisMN55403
property at 3244 Humboldt Avenue South

3244 Humboldt Avenue South, Unit 3244 Side

3244 Humboldt Avenue South
MinneapolisMN55408

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 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 ListingModel NameBed/BathPriced From
2876 Humboldt Ave S2876 EfficiencyStudio,1BA$825
3030 Irving Ave S0BR/1.0BAStudio,1BA$885
3201 Girard Ave S0BR/1.0BAStudio,1BA$895
Brittany ApartmentsStudioStudio,1BA$925
224 Cedar Lake Road North1BR/1.0BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1435 West 31st St3BR/1.0BA3BR,1BA$0.97
Park EmbassyTwo Bedroom2BR,2BA$1.30
Villa Capri2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.44
2920 Dean Parkway ApartmentsThe Benton1BR,1BA$1.25
Rhode Island Chateau ApartmentsTwo Bedroom1BR,1BA$1.45
2932 Drew Ave S1 Bedroom1BR,1BA$1.22
5747 Glenwood Ave, Unit 125747 Glenwood Ave1BR,1BA$1.38
224 Cedar Lake Road North1BR/1.0BA1BR,1BA$1.36
2633/35 Girard Ave S1BR/1.0BA1BR,1BA$1.41
Calhoun Beach Apartments1BR/1.0BA1BR,1BA$1.44

Quick 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.

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Pet Friendly Lifestyle
Lake Forest, Minneapolis, MN

Ranked #29

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.