Cheap Apartments for Rent in Forest Lake, MN

29 rentals

Apartments For Rent Near Forest Lake, MN

We found 30 more apartments matching your filters just outside Forest Lake

Average Rent Trends in Forest Lake, MN

Rent in Forest Lake, MN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Jul 2026 compared to the previous month. Rent previously peaked in Apr 2025.
MonthAverage rent
Aug 2025$1,563
Sep 2025$1,488
Oct 2025$1,560
Nov 2025$1,539
Dec 2025$1,539
Jan 2026$1,574
Feb 2026$1,595
Mar 2026$1,580
Apr 2026$1,613
May 2026$1,589
Jun 2026$1,580
Jul 2026$1,643
View as a graph

Average Rent By Bedroom and Home Type

In July 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,160$1,510$1,802$2,999$1,643
Townhomes—$1,595$2,500—$2,200
Apartments and Condos$900$1,695——$1,325
Houses—$1,950$2,795$2,999$2,795
See more information about local market trends in Forest Lake, MN

Frequently Asked Questions about Rentals in Forest Lake, MN

  • What is the average rent of an apartment in Forest Lake, MN?
    The average rent of an apartment in Forest Lake, MN is $1,539 per month. This is about 21% lower than the national average.
  • When is the average rent cheapest in Forest Lake, MN?
    In the last year, the average rent in Forest Lake, MN was lowest in Sep 2025 when it was $1,488 per month.
  • When is the average rent most expensive in Forest Lake, MN?
    In the last year, the average rent in Forest Lake, MN was highest in Apr 2025 when it was $1,768 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Forest Lake, MN?
    The average rent of a 1 bedroom apartment in Forest Lake, MN is $1,160 per month. That is about $155 more than the cost of a studio apartment.
  • How many available rental listings are in Forest Lake, MN?
    There are 33 available rental listings in Forest Lake, MN.
  • What are some zip codes in Forest Lake, MN?
    Forest Lake, MN includes zip codes such as: 55025.
  • What are some cities near Forest Lake, MN?
    Some nearby cities include: Columbus, Hugo, Scandia, Chisago City, Wyoming. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Forest Lake, MN - 4,111 Rentas | Trulia