Apartments for Rent in Forest Lake, MN

Prices and availability in Forest Lake, MN were last updated on 23 Oct 2026.

The best apartments in Forest Lake, MN are: Autumn Hills Apartments, 956 Place Apartments, Lighthouse Lofts, Seven Pines Apartments and Timber Ridge.

The average rent in Forest Lake, MN is $1,465.

The price range for a 1-bedroom apartment in Forest Lake, MN is between $1,020 and $2,276.

The price range for a 2-bedroom apartment in Forest Lake, MN is between $1,140 and $3,109.

The price range for a 3-bedroom apartment in Forest Lake, MN is between $1,020 and $3,550.

In Forest Lake, 27% of the residents are renting compared to 73% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 28% of Forest Lake's rentals, 65% are small-scale complexes with under 50 units, and 7% are single-family rentals.

The average age of rental buildings in Forest Lake is 22 years old, with 63% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Forest Lake come in a range of sizes and floorplans. Studio apartments represent 3% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 42% of the total apartments in the city, while 2-bedroom floorplans represent around 47% of all rentals in Forest Lake. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.