Cheap Apartments for Rent in Forest Lake, MN
22 rentals
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Use arrow keys to navigateSPECIAL OFFER$1,020 - $1,950/mo
Studio-2 Beds
1-2 BathsArbor View Apartments | 407 11th Ave SW #6-105,
Forest Lake, MN 55025
Use arrow keys to navigatePET FRIENDLY$1,195 - $2,000/mo1-3 Beds1 BathForest Park Apartments | 1001 7th Ave SW #19bf0d094,
Forest Lake, MN 55025
Use arrow keys to navigatePET FRIENDLY$1,195 - $1,795/mo1-2 Beds1 BathNorth Shore Apartments | 1167 N Shore Dr #207,
Forest Lake, MN 55025
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Use arrow keys to navigatePET FRIENDLY$1,328 - $2,462/moStudio-3 Beds1-2 BathsEncore Apartments | 1081 4th St SW #423,
Forest Lake, MN 55025
NEW - 2 DAYS AGOPET FRIENDLY$1,398 - $1,892/mo1-2 Beds1-2 BathsGateway Green Apartments | 4626 Wyngate Blvd #203,
Forest Lake, MN 55025
INCOME RESTRICTED
PET FRIENDLY$1,574 - $1,804/mo2-3 Beds1 BathLegacy Pointe Apartments | 290 9th Ave SW #105,
Forest Lake, MN 55025
NEW - 2 DAYS AGOPET FRIENDLY
NEW - 2 DAYS AGOPET FRIENDLY$1,605 - $1,850/mo2-3 Beds1 BathHeritage Heights Apartments | 390 9th Ave SW #9,
Forest Lake, MN 55025
INCOME RESTRICTED
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
NEW - 15 HRS AGO
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Apartments For Rent Near Forest Lake, MN
We found 30 more apartments matching your filters just outside Forest Lake
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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 decreased in May 2026 compared to the previous month. Rent previously peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,611 |
| Jul 2025 | $1,583 |
| 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 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,338 | $1,547 | $1,750 | $3,000 | $1,592 |
| Townhomes | — | — | $2,250 | — | $2,250 |
| Apartments and Condos | $900 | — | — | — | $900 |
| Houses | — | $1,400 | $1,745 | $3,000 | $3,000 |
Frequently Asked Questions about Rentals in Forest Lake, MN
- What is the average rent in Forest Lake, MN?The average rent in Forest Lake, MN is $1,592. Rent prices range from $900 to as much as $3,250, depending on the type of rental.
- How does the rent in Forest Lake, MN compare to the national average?Average rent in Forest Lake, MN is about 17% lower than the national average rent of $1,910. That means it is less expensive to rent in Forest Lake compared to the U.S. average.
- What is the average rent in Forest Lake, MN, by number of bedrooms?The average rent in Forest Lake, MN is $1,102 for a studio, $1,338 for a 1 bedroom, $1,547 for a 2 bedroom, $1,750 for a 3 bedroom, and $3,000 for a 4 bedroom.
- How have rent prices in Forest Lake, MN changed compared to last year?In the past year, the average rent price in Forest Lake, MN has increased by $24. That means the average rent is 2% higher than last year.
- How many available rental listings are in Forest Lake, MN?There are 25 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.