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Cheap Apartments for Rent in Lake Forest, IL - 6 Rentals available

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Apartments Under $1,400

Apartments Under $1,400

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Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What is the price of a cheap apartment in Lake Forest, IL?

The price range of a cheap apartment is between $1,475 and $1,550. Find cheap apartments in Lake Forest, IL.

How many cheap rentals are available in Lake Forest, IL on RENTCafé?

There are 6 cheap rentals available on RENTCafé. Prices and availability in Lake Forest, IL were last updated on 12 Jun 2021.

What is the average size of a cheap apartment in Lake Forest, IL?

The average Lake Forest, IL cheap apartment size is 850 sq. ft.

What are the advantages of renting a cheap apartment in Lake Forest, IL?

Cheap apartments in Lake Forest, IL are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Lake Forest, IL?

A cheap apartment in Lake Forest, IL offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Lake Forest, IL.

Lake Forest, IL Demographics

  • Total Population19,173
  • Female 9,291
    Male 9,882
  • Median Age47.8

Average Rent in Lake Forest, IL

  • Lake Forest, IL Average Rental Price, June 2021 $3,266 /mo

Lake Forest, IL Rent Trends

Average Rent Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Jun / 2021
Lake Forest, IL $3,171 $3,171 $3,179 $3,152 $3,128 $3,190 $3,265 $3,266
National $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407
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Check out the average rent prices in Lake Forest by neighborhood.

Lake Forest, IL Households

  • Total Number of Households7,005
  • Family 5,198
    Non-family 1,807
  • Children 2,166
    No Children 4,839
  • Average People Per Household2.59
  • Median Household Income$172,165
  • Median Housing Costs Per Month$2,937

Lake Forest, IL Education Statistics

  • No High School1%
  • Some High School11%
  • Some College11%
  • Associate Degree3%
  • Bachelor Degree37%
  • Graduate Degree37%

Looking for a cheap apartment for rent in Lake Forest, IL? With RENTCafé, finding an affordable apartment in Lake Forest, IL has never been easier. We feature 6 low-priced rentals directly from property managers, with rents lower than the Lake Forest, IL average. What is a cheap rent in Lake Forest, IL? The average apartment rent in Lake Forest is $3,266 per month so any rental south of $2,613 would be considered cheap here. On RENTCafé, Lake Forest, IL rents go as low as $1,275/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!