Apartments for Rent in Forest Lake, MN

Prices and availability in Forest Lake, MN were last updated on 14 Sep 2026.

The best apartments in Forest Lake, MN are: Autumn Hills Apartments, Westview Apartments, Kilkenny Court, Lighthouse Lofts and 956 Place Apartments.

The average rent in Forest Lake, MN is $1,465.

The price range for a 1-bedroom apartment in Forest Lake, MN is between $1,020 and $2,283.

The price range for a 2-bedroom apartment in Forest Lake, MN is between $1,140 and $3,248.

The price range for a 3-bedroom apartment in Forest Lake, MN is between $1,020 and $3,701.

In Forest Lake 27% of the housing is rented out compared to 73% of homes are owned, according to the most recent Census Bureau estimates. 28% of Forest Lake's apartments are found in large buildings of 50 units or more, 65% are located in smaller apartment complexes with less than 50 units, and 7% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Forest Lake are about 22 years old, on average. Of these, 63% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Forest Lake come in a range of sizes and floorplans. Studio apartments represent 3% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 42% of the total apartments in the city, while 2-bedroom floorplans represent around 47% of all rentals in Forest Lake. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.