Forest Lake, MN Rental Market Trends
Highlights
The average rent for an apartment in Forest Lake is $1,075, a 4% increase compared to the previous year, when the average rent was $1,029.
Average Rent in Forest Lake, MN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,075 | 4% | 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
- $701-$1,00041%
- $1,001-$1,50059%
- $1,501-$2,0001%
Forest Lake, MN Occupied Housing Units
- Renter-occupied Households27%
- Owner-occupied Households72%
1,983 or 27% of the households in Forest Lake, MN are renter-occupied while 5,349 or 72% are owner-occupied.
Forest Lake, MN Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Forest Lake, MN | $948 | $986 | $995 | $1,013 | $1,013 | $1,029 | $1,056 | $1,049 | $1,075 |
| National | $1,347 | $1,379 | $1,381 | $1,384 | $1,420 | $1,429 | $1,433 | $1,469 |
How Forest Lake Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Minneapolis | $1,590 | 3% |
| St. Paul | $1,298 | 4% |
| Bloomington | $1,448 | 5% |
| St. Louis Park | $1,622 | 4% |
| Edina | $1,509 | 5% |
| Forest Lake | $1,075 | 4% |
| White Bear Lake | $1,235 | 5% |
| Stillwater | $1,078 | 3% |
| North St. Paul | $1,162 | 4% |
| Mahtomedi | $1,079 | -25% |
| Circle Pines | $1,203 | 10% |
For more information about the Forest Lake rental trends, check out our monthly rent report
Check out Minnesota Cities, Minnesota Neighborhoods and Minnesota Zip Codes for more details on verified listings, including the Minnesota Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!