Apartments for Rent in Forest Lake, MN

Prices and availability in Forest Lake, MN were last updated on 3 Jun 2026.

The best apartments in Forest Lake, MN are: Autumn Hills Apartments, Forest Park I Apartments, Kilkenny Court, Westview Apartments and Westridge Townhomes.

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 $3,074.

The price range for a 2-bedroom apartment in Forest Lake, MN is between $1,130 and $3,074.

The price range for a 3-bedroom apartment in Forest Lake, MN is between $1,020 and $3,072.

In Forest Lake, 27% of the residents are renting compared to 73% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 28% of Forest Lake's rentals, 65% are small-scale complexes with under 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.