Forest Lake, MN Rental Market Trends
The average rent for an apartment in Forest Lake is $1,087, a 1% increase compared to the previous year, when the average rent was $1,075.
Average Rent in Forest Lake, MN
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,087||1%||820 sq. ft.|
The average size for a Forest Lake, MN apartment is 820 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Forest Lake, MN Apartment Rent Ranges
Forest Lake, MN Occupied Housing Units
- Renter-occupied Households28%
- Owner-occupied Households71%
2,162 or 28% of the households in Forest Lake, MN are renter-occupied while 5,426 or 71% are owner-occupied.
Forest Lake, MN Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Feb / 2021|
How Forest Lake Compares to Other Cities
|Average Rent||Y-o-Y Change|
|White Bear Lake||$1,297||5%|
For more information about the Forest Lake rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!