Forest Lake, MN Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Forest Lake is $1,500, a 6.35% increase compared to the previous year, when the average rent was $1,410.
Studio Apartments at $1,243 offer the most budget-friendly option with 466 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 644 square feet for $1,314, balancing privacy and affordability.
Two-beedroom units at $1,632 offer 936 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,163 sq ft) for $1,819, suitable for larger households.
Average rent in Forest Lake, MN
Last updated: October 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,500 | 815 sq. ft. |
| Studio | $1,243 | 466 sq. ft. |
| 1 Bed | $1,314 | 644 sq. ft. |
| 2 Beds | $1,632 | 936 sq. ft. |
| 3 Beds | $1,819 | 1,163 sq. ft. |
Forest Lake, MN rent trends
Rental prices in Forest Lake, MN have increased by 6.35% over the past year. The average rent moved from $1,410 to $1,500.
What's the typical rent budget in Forest Lake, MN?
The largest share of rentals in Forest Lake, MN (52%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Forest Lake, MN?
2,295 or 28% of the households in Forest Lake, MN are renter-occupied while 5,856 or 72% are owner-occupied.
How Forest Lake Compares to Other Cities
| City | Average Rent |
|---|---|
| Forest Lake | $1,500 |
| Minneapolis | $1,681 |
| St. Paul | $1,524 |
| St. Louis Park | $1,796 |
| Moorhead | $1,088 |
| Bloomington | $1,661 |
| Edina | $1,862 |
| Rochester | $1,663 |
| Mankato | $1,387 |
| St. Cloud | $1,157 |
| Brooklyn Center, MN | $1,327 |
| Brooklyn Park, MN | $1,337 |
| Coon Rapids, MN | $1,435 |
| Fridley, MN | $1,486 |
| Blaine, MN | $1,666 |
| Maplewood, MN | $1,458 |
| White Bear Lake, MN | $1,588 |
| Roseville, MN | $1,433 |
| New Brighton, MN | $1,347 |
| Anoka, MN | $1,373 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Forest Lake apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.