
Cheap Homes for Rent in Lake Forest Neighborhood of Minneapolis, MN from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Forest area of Minneapolis.


3120 Hennepin Ave, Unit 208

3115 Girard Ave S
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.

401 Morgan Ave N, Unit Floor 1

3030 Lynn Ave

3275 Library Ln
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.

4625 Minnetonka Blvd
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 | $2,000 | $1,475 | $2,495 |
Lake Forest 3 Bedroom Homes for Rent | $2,718 | $2,100 | $3,999 |
Lake Forest 4 Bedroom Homes for Rent | $4,589 | $2,450 | $7,500 |
Lake Forest 5 Bedroom Homes for Rent | $7,000 | $7,000 | $7,000 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Lake Forest Neighborhood of Minneapolis, MN.
Explore Minneapolis
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. 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 |
---|---|---|---|
2876 Humboldt Ave S | 2876 Efficiency | Studio,1BA | $825 |
Brittany Apartments | Studio | Studio,1BA | $925 |
Uptown West Apartments | Studio A | Studio,1BA | $925 |
Best Value Apartments for Rent in Lake Forest, MN
As of May 31, 2025 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 3012 James Ave S Model at 3012 James Ave S, Unit 5 starting at $1,900 with a $1.36 price per square foot in the Calhoun Isles 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 |
3012 James Ave S, Unit 5 | 3012 James Ave S | 3BR,2BA | $1.36 |
Villa Capri | 2 Bedroom 1.5 Bath Townhouse | 2BR,1.5BA | $1.44 |
Rhode Island Chateau Apartments | Two Bedroom | 1BR,1BA | $1.45 |
Hampshire House | The Simon | 2BR,1.5BA | $1.41 |
5747 Glenwood Ave, Unit 10 | 5747 Glenwood Ave | 2BR,1BA | $1.31 |
Park Embassy | One Bedroom | 1BR,1BA | $1.44 |
2633/35 Girard Ave S | 1BR/1.0BA | 1BR,1BA | $1.43 |
Calhoun Beach Apartments | 1BR/1.0BA | 1BR,1BA | $1.44 |
Q-2 | 1 Bedroom | 1BR,1BA | $1.47 |
Quick Rent Budget Calculator
How much rent can you afford?
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Frequently Asked Questions about Lake Forest
What type of rentals are currently available in Lake Forest?
There are currently 394 Apartments for Rent in Lake Forest, MN with pricing that ranges from $825 to $15,685. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Forest ranging from $1,195 to $7,500.
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 $1,195 to $7,500 with an average monthly rent of $3,585.
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 $1,575 to $5,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $3,999. Four Bedroom Single-Family rentals are also available starting from $2,450 and Four Bedroom Apartments start at $2,099.
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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.