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Cheap Apartments for Rent in Forest Lake, MN - 2 Rentals available

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Apartments Under $800 Apartments Under $1,000

Apartments Under $800

Apartments Under $1,000

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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 average size of a cheap apartment in Forest Lake, MN?

The average Forest Lake, MN cheap apartment size is 447 sq. ft.

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

Cheap apartments in Forest Lake, MN 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 Forest Lake, MN?

A cheap apartment in Forest Lake, MN 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 Forest Lake, MN.

Forest Lake, MN Demographics

  • Total Population20,004
  • Female 9,915
    Male 10,089
  • Median Age39.1

Average Rent in Forest Lake, MN

  • Forest Lake, MN Average Rental Price, February 2021 $1,087 /mo

Forest Lake, MN Apartment Rent Ranges

  • $501-$7001%
  • $701-$1,00035%
  • $1,001-$1,50062%
  • $1,501-$2,0002%

Forest Lake, MN Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Feb / 2021
Forest Lake, MN $1,013 $1,013 $1,029 $1,056 $1,049 $1,075 $1,073 $1,088 $1,087
National $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
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Check out the average rent prices in Forest Lake by neighborhood.

Forest Lake, MN Households

  • Total Number of Households7,588
  • Family 5,426
    Non-family 2,162
  • Children 2,423
    No Children 5,165
  • Average People Per Household2.62
  • Median Household Income$79,840
  • Median Housing Costs Per Month$1,282

Forest Lake, MN Education Statistics

  • No High School2%
  • Some High School33%
  • Some College28%
  • Associate Degree9%
  • Bachelor Degree20%
  • Graduate Degree8%

Looking for a cheap apartment for rent in Forest Lake, MN? With RENTCafé, finding an affordable apartment in Forest Lake, MN has never been easier. We feature 2 low-priced rentals directly from property managers, with rents lower than the Forest Lake, MN average. What is a cheap rent in Forest Lake, MN? The average apartment rent in Forest Lake is $1,087 per month so any rental south of $870 would be considered cheap here.

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